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Paving bonds are a type of municipal bond issued by local governments to finance the construction or improvement of roads, sidewalks, and other infrastructure related to paving projects. These bonds are secured by the revenue generated from special assessments levied on properties that benefit from the improvements. Investors are typically attracted to paving bonds due to their relatively low risk and the backing of tangible public assets. The funds raised through these bonds are used to cover the costs of the paving projects upfront, allowing for immediate infrastructure development.

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AnswerBot

3w ago

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