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Bonds 209: Revenue Bonds

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1.
The New Housing Authority issues bonds for ________.
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Low-income housing. The New Housing Authority builds low-income housing and finances it partly through revenue bonds.
2.
Revenue bondholders receive their interest and principal payments from _______.
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Project income. Payments come from these revenues.
3.
Which of the following does NOT secure a revenue municipal bond?
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Taxes. Taxes are not collected to pay revenue bonds.
4.
Revenue bondholders are the first to receive a municipal project's earnings.
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False. Operations expenses are paid first. Revenue bondholders are paid next.
5.
Revenue bonds that include backing by a municipality's credit are called _______.
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Double-barreled bonds. They receive collateral from a double source; thus the name.