AIRPORT REVENUE BOND
The bond that is issued by the airport authority or a municipality and is backed up with revenues from the airport facility. The airport revenue bond is exempted from the tax and is often issued when an airport or municipality is intending to pay for upgrades or expand its facilities. It is morst likely to have a lower interest rate, since it will be issued by an airport authority or a municipality thus lowering the long-term financing costs for the airport.
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