Special Tax Bond is a type of municipal revenue bond that is supported only by revenue from certain taxes.
If a state or a town needs to build or repair a facility such as a reservoir a bond will often be issued to finance that facility. A special tax may then be assessed upon the properties who use that facility. The bond interest and principal payments will be supported by revenue generated from that special tax.
2021 © Securities CE, All Rights Reserved. Privacy Policy | Terms of Service. B2B Website Developed by SmartSites