Bond measure

Encyclopedia : B : BO : BON : Bond measure

A bond measure is an initiative to sell bonds for the purpose of acquiring funds for various public works projects, such as research, transportation infrastructure improvements, and others. These measures are put up for a vote in general elections and must be approved by a plurality or majority of voters, depending on the specific project in question.

Such measures are very often used in the United States when other revenue sources, such as taxes, are limited or non-existent.

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