GOOD BONDS VERSUS BAD BONDS

This article looks at tax credit transportation revenue bonds as compared to more traditional types of revenue bonds. Earmarked for transportation capital projects, tax credit bonds (TCBs) would be issued by state or federal entities with a portion of the proceeds set aside in a sinking fund, invested in Treasury bonds, sufficient to repay the principal at the end of the bond's life. Buyers of these bonds would receive tax credits instead of interest payments. The effects of TCBs on financing schemes for transportation projects in the U.S. are discussed.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/19598638
• Corporate Authors:

  Public Works Financing

  147 Elmer Street
  Westfield, NJ  United States  07090-2433
• Authors:
  • Poole Jr, R W
• Publication Date: 2003-9

Language

• English

Media Info

• Pagination: p. 25-26
• Serial:
  • Public Works Financing
  • Volume: 176
  • Publisher: Public Works Financing
  • ISSN: 1068-0748

Subject/Index Terms

• TRT Terms: Bonds; Business practices; Financing; Investments; Revenues; Transportation planning
• Uncontrolled Terms: Tax credits
• Subject Areas: Administration and Management; Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 00964591
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 24 2003 12:00AM