Definitions for "Revenue bonds"
Keywords:  voter, issuance, faith, pledge, bond
A bond where the debt service is payable solely from the revenue generated from the operation of the project being financed or a category of facilities, or from other nontax sources.
These are bonds that are repaid with income from the projects which they are issued to fund. For example, water and sewer bonds are revenue bonds because revenue from water/sewer rates pays off the debt.
State and local agency or industrial development bonds, where the principal and interest are paid only from revenues of the financed project.