Answer:
Municipal Revenue bonds are bonds that are serviced from the income accrued from a project that the bond was used to embark on.
They can therefore be serviced by a variety of income methods that accrue from the projects such as;
- User fees for using the asset built
- Special taxes
- Lease rentals in cases where the asset is leased out
- Excise taxes
- Other Non Ad-valorem taxes that result from benefits attached to usage of the asset built.
