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Toll Revenue Bond

   Also found in: Wikipedia 0.01 sec.
Toll revenue bond
A municipal bond that is repaid with revenues from tolls that are paid by users of the public project built with the bond revenue.

Toll Revenue Bond
A municipal bond with a coupon and principal guaranteed by the revenue on a toll road. Generally speaking, a toll revenue bond builds some improvement, such as a bridge or road, and the toll is placed on that road to repay the bond. A toll revenue bond helps some municipalities avoid its debt ceilings.


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Although NCTA anticipates that most of the projects will use traditional financing from toll revenue bonds, the agency is exploring a PPP procurement approach to deliver the Mid-Currituck Bridge.
However, since the projected toll revenues are so substantial ($922 million each year), tax-exempt toll revenue bonds, at no taxpayer expense, would be able to cover 86 percent of the costs necessary to create a seamless network of high-occupancy toll lanes.
3 million LA 1 project senior lien toll revenue capital appreciation bonds, series 2005B at 'BBB'; --$66 million LA 1 project subordinate lien toll revenue bond anticipation notes (BANs), series 2005 at 'A'.
 
 
 
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