Typically are repaid from General Revenue. Revenue Bonds legally secured by a specified revenue source, such as tolls, fees or, in the case of lease revenue bonds, lease payments from one agency to another. Do not require voter approval. Lease revenue bonds are typically repaid from general revenue. Backed by lease payments appropriated to each agency.
Leases are for equipment purchases.
The Master Lease Program finances equipment leases for all state agencies and institutions of higher education.