FACTOID # 134: Tax makes up half of the of Gross Domestic Product in Denmark and Sweden. In Japan and the United States, it makes up less than 30%.
 
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Encyclopedia > Toll revenue bond

A toll revenue bond is a financial A promissory note is a contract detailing the terms of a loan. They typically include the length of time that money is to be borrowed, the structure of payments, and what, if any, interest is to paid. For loans between individuals, writing and signing a promissory note is often considered... promissory note usually issued to generate funds for the construction and/or operation of a public accommodation such as an An expressway is a divided highway, usually 4 lanes or wider in size, where direct access to adjacent properties has been eliminated. However, beyond those basic requirements, the specific meaning of expressway depends upon the state, province, or country. Some places treat expressway as synonymous with freeway, meaning that an... expressway, This article is about the edifice. For other meanings, see Bridge (disambiguation). Sydney Harbour Bridge _ probably the best known of suspended deck compression arch bridges A bridge is a structure built to span a gorge, valley, road, railroad track, river or other body of water, or any other physical... bridge, or An underground pedestrian tunnel between buildings at MIT. Note the utility pipes running along the ceiling. A tunnel is an underground passage. When designed for use by traffic, it may be called an underpass. It may be for pedestrians and/or cyclists, for general road traffic, for motor vehicles only... tunnel. Funds for the repayment are obtained through In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. To investors, revenue is less important than profit, or income, which is the amount of money the business has earned after deducting all the... revenue raised through collection of The word toll can mean more than one thing: In the context of roads, see toll road and toll bridge In the context of New Zealand transport, see Toll NZ In the context of Australian transport, see Toll Holdings In the context of genetics, see toll (gene) In the context... tolls from users as a Wikipedia does not yet have an article with this exact name. Start the Faré article If you have created this page in the past few minutes and it has not yet appeared, it may not be visible due to a delay in updating the database. Please wait and check again... fare for passage.


Toll revenue bonds are more speculative than general revenue bonds, as they are usually not backed (or guaranteed) by a state or local government. Such bonds may be subject to Default is the name of a number of quite different concepts. Typically, default means what happens if no action is taken. It is also the name of a band. See: Default (law) Default (finance) Default (computer science) Default (tennis) Default (band) This is a disambiguation page — a navigational aid... default if toll revenues are insufficient to meet scheduled payments, although such defaults are rare. One example is the 23-mile long Aerial view of the Chesapeake Bay Bridge-Tunnel looking south from Cape Charles, Virginia. photo courtesy Chesapeake Bay Bridge-Tunnel Commission The Chesapeake Bay Bridge-Tunnel (CBBT) is a 23 mile long facility that connects the Delmarva Peninsula with southeastern Virginia in the United States. It crosses the mouth of... Chesapeake Bay Bridge-Tunnel (CBBT) in State nickname: Old Dominion Other U.S. States Capital Richmond Largest city Virginia Beach Governor Mark R. Warner Official languages English Area 110,862 km² (35th)  - Land 102,642 km²  - Water 8,220 km² (7.4%) Population (2000)  - Population 7,196,750 (12th)  - Density... Virginia, one of the more ambitious of such projects which was built in the mid-1960s. The facility was subject to increased construction costs due to weather, and disruption due to accidents caused by shipping traffic striking its bridges. The CBBT was in default of its toll revenue bonds for several years shortly after its completion, but these were repaid as traffic volume increased. Additional bridges were constructed later to reduce the likelihood of future disruption of revenue due to accidents.


See article List of toll roads for facilities financed by toll revenue bonds.


  Results from FactBites:
 
Spartanburg SC | GoUpstate.com | Spartanburg Herald-Journal (216 words)
A toll revenue bond is a financial promissory note usually issued to generate funds for the construction and/or operation of a public accommodation such as an expressway, bridge, or tunnel.
Toll revenue bonds are more speculative than "general obligation" bonds, which are backed (or guaranteed) by tax revenues of a state or local government.
Such bonds may be subject to default if toll revenues are insufficient to meet scheduled payments, although such defaults are rare.
TE-045 Evaluation - Effects on Investment Levels (3710 words)
Toll receipts and lift fees might be considered private sources, for example, with general tax revenues considered a public source.
In this case, toll revenues were not expected to be sufficient to provide the 1.20x level of debt service coverage required by the Texas Turnpike Authority's bond resolution on a $700 million bond issue (the total cost of the project).
For this project, bond reimbursement is being combined with partial conversion of advance construction to facilitate construction of a 1.5-mile free road known as the San Miguel Connector.
  More results at FactBites »

 

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