Sonoma-Marin Area Rail Transit District Measure Q Sales Tax Revenue Bonds Series 2011A
Sonoma Marin Area Rail Transit District
This REVENUE issuance had 1 maturity, 2019, with a coupon of 5%.
This issuance is not subject to any optional redemptions.
Federally tax exempt
This issuance is exempt from federal income tax. State taxes may apply, depending on your circumstances.
A revenue bond typically refers to a bond in which interest is paid and principal is repaid from a specific source of revenue pledged to the bond. For example, a bond issued by a municipal water and sewer authority would typically involve revenues obtained through local water and and sewer assessments.
In a competitive sale, broker dealers place bids. Typically, the bonds are awarded to the bidder offering the lowest interest cost to the issuer.