A. not be paid
B. be paid
C. be sold
D. not be sold
✅ The correct answer is option B.
If revenue bonds becomes default, bondholders must be paid. Revenue bonds are municipal bonds that finance income-producing projects and are secured by a specified revenue source. Typically, revenue bonds can be issued by any government agency or fund that is managed in the manner of a business, such as entities having both operating revenues and expenses.
If revenue bonds becomes default, bondholders must be paid. Revenue bonds are municipal bonds that finance income-producing projects and are secured by a specified revenue source. Typically, revenue bonds can be issued by any government agency or fund that is managed in the manner of a business, such as entities having both operating revenues and expenses.