Note 7-Revenue Bonds

… in general obligation bonded debt during the year ended June 30, 2002, are summarized in Note 11. NOTE 7. REVENUE BONDS REVENUE BONDS The State Constitution empowers certain State agencies and authorities to issue bonds t …

… on bonded debt during the year ended June 30, 2002, are summarized in Note 11. NOTE 7. REVENUE BONDS REVENUE BONDS The State Constitution empowers certain State agencies and authorities to issue bonds that are not support …

… credit of the State. These bonds pledge income derived from acquired or constructed assets or some other stream of revenues to retire the debt and pay related interest. PRIMARY GOVERNMENT Delaware Economic Development Office Th …

… PRIMARY GOVERNMENT Delaware Economic Development Office The Office has $350,000 of industrial development revenue bonds outstanding at June 30, 2002, which are supported by the full faith and credit of the State. Future debt serv …

… re motor fuel taxes and motor vehicles fees imposed and collected by the State and deposited in the Trust Fund, and revenue from the Delaware Turnpike, which the Authority owns and operates. The Authority also has the power to issue bonds, w …

… ive authorization, to finance improvements to the State's transportation system. The Authority may apply Trust Fund revenue in excess of debt service requirements for transportation projects, subject to legislative authorization, and may ple …

… e requirements for transportation projects, subject to legislative authorization, and may pledge any or all of this revenue to secure financing for these projects. Bonds outstanding at June 30, 2002 amounted to $675,735,000. The Delaware …

… bonds at June 30, 2002. Bonds outstanding at June 30, 2002 are detailed below. Delaware Transportation Authority Revenue Bonds Maturity Balance Interest Date Outstanding Description Rates (Fiscal Year) June 30, 2002 …