http://www.dslreports.com/forum/r13377107 en Sun, 29 Nov 2009 21:19:13 EDT Sun, 29 Nov 2009 21:19:13 EDT http://www.dslreports.com/forum/remark,13384334 LafayetteIT : How many times must it be said that the funds for this project and not generated at all by the tax payers but by revenue bonds.

A municipal or revenue bond is supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium.

This differs from general-obligation bonds, which can be repaid through a variety of tax sources. Revenue bonds are only payable from specified revenues.

Meaning that no matter what the only funds that can be used to pay off the bond is revenue from the project that is spawned by the bond. There is no obligation for the City of Lafayette to have to repay the debt with other funds if the project happens to fail.]]> http://www.dslreports.com/forum/remark,13384334 Wed, 11 May 2005 16:24:44 EDT http://www.dslreports.com/forum/remark,13377107 woody7 : Where is Eliot Spitzer when you need him......
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BlooMe]]> http://www.dslreports.com/forum/remark,13377107 Tue, 10 May 2005 18:31:10 EDT