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Financing for Environmental Compliance

Step Seven: Select Financial Options - Types of Bonds

A bond is a written promise to repay borrowed money on a definite schedule and usually at a fixed rate of interest for the life of the bond. It is the largest source of environmental infrastructure capital/financing. It is also the most complex and expensive way to acquire funds but money is available for immediate capital needs. Legal and administrative fees can be costly and voter approval may be required. This tool is usually more cost effective for large capital projects because the fees are the same for large or small bond issue. For a full analysis of various types of bonds and related uses please reference the Guidebook of Financial Tools

Types of bonds:

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