What is a State of Oregon Revenue Bond?
Revenue bonds are a form of long-term borrowing State agencies use to finance State programs and projects that are self-supporting through various non-General Fund revenues. Examples include the revenue bonds issued for a first-time homebuyers’ mortgage program, highway construction and bridge projects. Most often the income generated by the program or project goes toward meeting debt service on the bonds (i.e., paying principal and interest to bondholders). Unlike GO bonds, revenue bonds are not backed by the State’s full faith and credit, but rather through the revenues pledged to bondholders.
