• Revenue Bond : This pays using funds developed by that programs, examples; turnpikes.
Munis are municipal bonds or bonds issued to finance the state and locality public development works, such as water treatment facilities and schools and other local highways. Munis are available in two types:
• General Obligation: Drowns in taxes and other taxes raised from pockets of a taxpayer which is being used to retirement and interest;
• Revenue Bond : This pays using funds developed by that programs, examples; turnpikes.