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Toll revenue bond

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169:, one of the more ambitious such projects which was built in the mid-1960s. The facility was subject to increased construction costs due to weather, and disruption due to accidents caused by shipping traffic striking its bridges. The CBBT was in default of its toll revenue bonds for several years shortly after its completion, but these were repaid as traffic volume increased. Additional bridges were constructed later to reduce the likelihood of future disruption of revenue due to accidents. 22: 157:
Toll revenue bonds are more speculative than "general obligation" bonds, which are backed (or guaranteed) by tax revenues of a state or local government. Such bonds may be subject to
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for passage. An attraction for municipalities is that the bonds allow them to avoid legislated debt restrictions that may be encountered when issuing
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if toll revenues are insufficient to meet scheduled payments, although such defaults are rare. One example is the 23-mile long
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usually issued to generate funds for the construction and/or operation of a public accommodation such as an
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verification
improve this article
adding citations to reliable sources
"Toll revenue bond"
news
newspapers
books
scholar
JSTOR
Learn how and when to remove this message
promissory note
expressway
bridge
tunnel
revenue
tolls
fare
general obligation bonds
default
Chesapeake Bay Bridge-Tunnel
Virginia
List of toll roads
"Toll Revenue Bond"
Categories
Bonds (finance)
Toll (fee)

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