Revenue bonds are used to:
A. raise funds to repay loans borrowed from the federal government.
B. raise funds for projects that generate revenues that will contribute to payment of interest and the repayment of debt.
C. raise funds to pay interest on T-bills issued by the state government.
D. raise funds to repay the interest and principal on loans borrowed from the local government.
E. raise funds for projects that require additional funding by increasing tax rates.
Answer: B
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