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About: Toll revenue bond     Goto   Sponge   NotDistinct   Permalink

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A toll revenue bond is a financial promissory note usually issued to generate funds for the construction and/or operation of a public accommodation such as an expressway, bridge, or tunnel. Funds for the repayment are obtained through revenue raised through collection of tolls from users as a fare for passage. An attraction for municipalities is that the bonds allow them to avoid legislated debt restrictions that may be encountered when issuing general obligation bonds.