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	Spartanburg SC \| GoUpstate.com \| Spartanburg Herald-Journal
		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.
	www.goupstate.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=toll_revenue_bond (216 words)

	TE-045 Evaluation - Effects on Investment Levels
		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.
	www.fhwa.dot.gov /innovativefinance/evalch3.htm (3710 words)

	municipal bond Definition
		Municipalities issue bonds to raise capital for their day-to-day activities and for specific projects that they might be undertaking (usually pertaining to development of local infrastructure such as roads, sewerage, hospitals etc).
		In the case that the bond is bought by a resident of the state that issued the bond, the interest payments are also exempt from state tax.
		Revenue bonds are used to fund projects that will eventually create revenue directly, such as a toll road or lease payments for a new building.
	www.investorwords.com /3162/municipal_bonds.html (485 words)

	Toll revenue bond - Wikipedia, the free encyclopedia
		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.
	en.wikipedia.org /wiki/Toll_revenue_bond (275 words)

	Bail Bond Information What to do if your Arrested Bondsman FAQ
		The discharge on bail is accomplished by the taking of bail (i.e., the acceptance by the court or magistrate of security-either an undertaking or deposit-for the appearance of the defendant before a court for some part of the criminal proceeding).
		Bail is evidenced by a bond or recognizance, which as a rule becomes a record of the court.
		The bond is in the nature of a contract between the state on one side and the defendant and his sureties on the other.
	www.bailyes.com /faq.htm (1585 words)

	The Toll Roads - Foothill-South - FAQ's (Site not responding. Last check: 2007-10-26)
		Foothill-South is the proposed extension of the 241 Toll Road south to the I-5 near San Clemente.
		Foothill-South is a general term referring to the toll road extension, although different alignments, or routes of the road, were studied.
		Toll revenue collected from the 241, 261, and 133 Toll Roads will be pledged to repay the Foothill-South debt.
	www.thetollroads.com /home/current_foothill_faq.htm (1154 words)

	YourArt.com >> Encyclopedia >> toll (Site not responding. Last check: 2007-10-26)
		Electronic toll collection, high occupancy toll, shadow toll, toll revenue bond, and shunpiking.
		Tolling (law), a doctrine which allows for the pausing or delaying of the running of the limitation period set forth by a statute of limitations.
		Toll (telecommunications), refers to connection charges, for instance note trunk vs toll charging and toll-free_telephone_numbers
	www.yourart.com /research/encyclopedia.cgi?subject=/toll (94 words)

	Toll Services
		As a result, public agencies are evaluating toll revenue-backed projects and private financing as alternatives to traditional gas tax funding, as well as maximizing efficiencies of existing transportation corridors through express lanes, flexible plaza configurations, and managed lanes.
		We assist agencies in developing relationships with financial agencies, identifying and negotiating with outside funding partners, and initiating relationships with private funding sources.
		Our continuous hands-on experience with the evolving technologies in toll plaza architecture, toll collection systems, and toll operations provides us with the unique ability to provide innovative solutions to the diversity of today's transportation needs.
	www.pbsj.com /what/Core/Tolls (171 words)

	Why Does The Interstate System Include Toll Facilities?
		In the 1939 report to Congress, Toll Roads and Free Roads, the U.S. Bureau of Public Roads (BPR) rejected the toll option for financing Interstate construction because most Interstate corridors would not generate enough toll revenue to retire the bonds that would be issued to finance them.
		Toll revenue allowed the toll authority to repay bond holders with interest and finance administration, maintenance, and operation of the highway.
		However, the State highway agency, the toll authority, and the BPR would have to enter into an agreement to stop collecting tolls when the bonds were retired.
	www.fhwa.dot.gov /infrastructure/tollroad.htm (1788 words)

	Illinois State Toll Highway Authority 2003 Management Audit (Site not responding. Last check: 2007-10-26)
		Toll rates were last raised in 1983 and the Tollway has gone the longest without an increase in tolls of the 20 toll roads responding to our survey.
		Since toll revenue is projected to increase by 2 to 3 percent per year, increasing non-toll revenue could provide additional income to the Tollway.
		The revenue bonds are governed by a Trust Indenture that establishes the requirements and guidelines for the Tollway to follow.
	www.state.il.us /auditor/toll03digesthtm.htm (4490 words)

	Revenue bond - Wikipedia, the free encyclopedia
		A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds.
		Unlike general obligation bonds, only the revenues specified in the legal contract between the bond holder and bond issuer are required to be used for repayment of the principal and interest of the bonds; other revenues (notably tax revenues) and the general credit of the issuing agency are not so encumbered.
		Because the pledge of security is not as great as that of general obligation bonds, revenue bonds may carry a slightly higher interest rate than G.O. bonds; however, they are usually considered the second-most secure type of municipal bonds.
	en.wikipedia.org /wiki/Revenue_bond (203 words)

	Hawaii Reporter: Hawaii Reporter
		Large urban toll projects in excess of $1 billion are in operation or under construction in Melbourne, Paris, and Toronto.
		All tolls are collected electronically, at normal highway speeds, either via a dashboard-mounted transponder (for regular users) or via license-plate imaging (for occasional users).
		This revenue number is based on rush-hour bridge tolls of $2 for cars and $10 for trucks, comparable to tolls on major bridges nationwide.
	www.hawaiireporter.com /story.aspx?26fa5b2f-d9bd-43c1-a917-067cad965b39 (931 words)

	HJR41 - TOLL ROADS - Seigfreid, James (Site not responding. Last check: 2007-10-26)
		The amendment establishes the procedure and limitations for the issuance, collection, and distribution of toll facility revenue bonds or revenue refunding bonds for toll facilities.
		When toll facilities have been paid for, all bonds retired, and all transfers from the State Road Fund repaid with interest, the facilities will become a part of the state highway system.
		State toll facility revenue bond and refunding bond proceeds, tolls, and other revenues derived from the establishment or operation of toll facilities will not be considered part of total state revenue and the expenditure of the revenues will not be considered an expense of state government.
	www.house.state.mo.us /bills00/bills00/HJR41.HTM (421 words)

	Central Texas Regional Mobility Authority: A Need for a Higher Standard
		This allotment initially came from the county’s 2000 general obligation road bond program, although a subsequent change in its interlocal agreement with CTRMA ultimately supplied the funds from county general revenue.
		The bond rating is based on the creditworthiness of the issuing entity and the financial viability of the project expected to generate the repayment revenue.
		The primary document governing the use of revenue bond proceeds is the “trust indenture” between CTRMA and its bond trustee, the independent third party charged with overseeing the terms of the agreement.
	www.window.state.tx.us /specialrpt/ctrma05/chptr1.html (4629 words)

	Texas Transportation Commission (Site not responding. Last check: 2007-10-26)
		The proposed toll financing rules (§§27.50-27.58 of this title) govern the loan or grant of funds for toll facilities not under the jurisdiction of the department.
		This section authorizes the commission to, as a condition of transfer, require that expenditures of surplus revenue derived from a transferred highway be made to implement projects approved in the metropolitan transportation plan or the unified transportation plan.
		In order to issue bonds for a project, an RMA is required to comply with various terms and conditions in the trust agreement or indenture securing the bonds or in other financing documents.
	www.dot.state.tx.us /transcom/rules.htm?pg=26pr (14794 words)

	Putting Customers in the Driver's Seat: The Case for Tolls (Site not responding. Last check: 2007-10-26)
		Tolls are only to be employed when it is impossible to find tax revenues to finance roads, and it is good public policy to retire debt and end tolls as soon as possible.
		Toll agencies are usually aware that customers expect premium service because of the toll they are paying, so they generally make an effort to provide something extra—quicker salting and snow plowing, motorist assistance patrols, better maintained signage, lighting, guardrails, and the like.
		Toll roads are most appropriately compared with freeways and expressways—other roads with divided medians, grade separation from cross roads, access control, breakdown shoulders, etc. According to USDOT statistics, the nation’s freeways and expressways had 8.6 fatalities per billion miles traveled in 1998.
	www.rppi.org /ps274.html (14226 words)

	SACRAMENTO / Bay battles for share of bond funds / At issue is treating toll revenue same as income from sales taxes
		The pot of money was created to reward 19 counties that have increased their local sales tax and dedicated the revenue for road and highway improvements.
		Projects financed with both local sales taxes and toll revenues would qualify but only the local sales tax portion would be matched.
		Toll money is being used to pay for rebuilding the Interstate 880 and Highway 92 interchange, Rentschler said.
	www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2006/12/13/BAGS0MUGK01.DTL (976 words)

	Toll Revenue Bond
		A type of municipal bond used to build a public project such as a bridge, tunnel or expressway.
		The principal and interest repayments are supplied by revenues from tolls paid by users of the public project in question.
		The main reason municipalities use these revenue bonds is because the bonds allow them to avoid reaching legislated debt limits.
	www.investopedia.com /terms/t/tollrevenuebond.asp (224 words)

	City of Chesapeake
		A state of the art electronic toll collection system is also planned which includes one high-speed dedicated electronic toll collection lane in each direction.
		In preparation for pricing the bonds, PFM analyzed both the interest rates and underwriting spreads of comparable start-up toll road facility issues and other bond issues in the national municipal markets.
		Besides the sale of $21,630,000 in toll road revenue bonds, additional funding for the Route 168 project includes a $39 million loan from the Virginia Toll Facilities Revolving Account, $46 million from the City of Chesapeake's Urban Allocation Funds provided by the State, and $9 million in Federal Transportation funds.
	www.chesapeake.va.us /thisweek/newsarch/1999/8-25-toll-road-bonds.shtml (461 words)

	AGO_1951-53_No_190 (Site not responding. Last check: 2007-10-26)
		The Washington Toll Bridge Authority may by resolution authorize allocation of surplus Lake Washington Toll Bridge funds, after payments of all obligations to the Motor Vehicle Fund.
		Our conclusion is that the Washington Toll Bridge Authority may, by resolution, authorize the allocation of such residual and surplus balance of funds derived from revenues and now in the Lake Washington Toll Bridge Bond Fund to the Motor Vehicle Fund.
		"* * * The monies remaining in each separate toll revenue fund after providing the amount required for interest and redemption of bonds as hereinabove provided, shall be held and applied as provided in the proceedings authorizing the issuance of said bonds.
	www.atg.wa.gov /opinions/1951-53/opinion_1951-53_190.html (559 words)

	NCDOT Toll Road Feasibility Study
		North Carolina is one of few states in the nation that has no public toll roads, having successfully built and maintained its statewide system of highways primarily using traditional funding sources.
		PBSandJ also studied the feasibility of tolling the 180-mile segment of Interstate 95, which runs through the state, as a means of generating funding for its maintenance and widening.
		PBSandJ prepared a preliminary improvement program cost estimate, estimates of toll revenue, and bond capacity, while coordinating with the Federal Highway Administration to investigate the potential for funding the program under TEA-21.
	www.pbsj.com /What/Core/Tolls/projects/NCTollRoadFeasibility (192 words)

	Town of Pinetop-Lakeside Community Development - Building Safety Department - Bond Certificates
		This law requires that building authorities obtain a certificate from the Department of Revenue to ensure that the bonding requirement has been met prior to issuing any building permit for projects of $50,000.00 or more in value.
		If the bond exemption has expired or the contractor does not have an exemption certificate, the contractor shall be advised to call the Department of Revenue at (602)542-4576 or (800)634-6494 toll-free.
		After the Department of Revenue either determines that the contractor is exempt or the contractor must submit a bond, a one-time exemption or receipt for bond identifying the project location will be issued.
	ci.pinetop-lakeside.az.us /bondcertificates.shtml (352 words)

	Financial results for the five months ended August 31, 2006
		Expenditure for the period April to August 2006 amounted to $95.5 billion and revenue $74.4 billion, resulting in a deficit of $21.1 billion.
		A government spokesman said that a deficit in the initial months of a financial year was not unusual as many types of revenue including taxes were mostly received towards the end of the year.
		(i) Toll Revenue Bond of $4,426.8 million to be repaid to Hong Kong Link 2004 Limited by the net toll revenue receivable of government tolled tunnels and bridges.
	www.info.gov.hk /gia/general/200609/29/P200609290112.htm (290 words)

	Richmond Interstates and Expressways
		The $103 million of 1973-issued toll revenue bonds used to pay for the 6-lane widening projects were paid off and retired in 1985.
		Actually Project 0088 cannot be driven by itself without using part of the toll system also, still, the fact that it was built with state highway funds, meant that this lowered the amount of toll revenue bond funding needed for the whole expressway system.
		The mainline toll plaza is 1/2 mile west of Courthouse Road, and the automobile toll has been $0.75 since the highway opened in November 1988.
	www.roadstothefuture.com /Richmond_Interstate_Expy.html (9631 words)

	History of Nova Scotia, 1997 December
		The new $100,000,000 toll revenue bond issue has a coupon rate of less than 6%, compared to the existing term loan debt, with a rate of 11%.
		Because the bonds stand on their own, the province's potential liability is limited to a maximum of $30,000,000 on the line of credit.
		When the bonds come due in the year 2007, it's expected the Commission will have put aside enough money to pay back a major portion of the toll revenue bond issue.
	www.littletechshoppe.com /ns1625/nshist31.html (4506 words)

	Revenue Bond
		A municipal bond supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium.
		Revenue bonds are only payable from specified revenues.
		A main reason for using revenue bonds is that they allow the municipality to avoid reaching legislated debt limits.
	www.investopedia.com /terms/r/revenuebond.asp (228 words)

	Revenue Bond Authorities author: Richard Hogarty (Site not responding. Last check: 2007-10-26)
		Public authorities, often referred to as revenue bond authorities, became popular in Massachusetts and many other states in the early 1950's.
		The operation of these authorities is usually paid for by user fees such as MASSPORT charges the airlines and vendors at the airport or the tolls used to defray the operating and capital costs of the Massachusetts Turnpike.
		The governance of these many authorities is usually vested in a board of directors (trustees) where, in most cases, the members are appointed by the Governor and theoretically the board chooses the operating team.
	www.mccormack.umb.edu /Publications/IssueBook/revBond.html (508 words)

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