Is voter approval required for revenue bonds?

Revenue bonds are typically not subject to voter approval because they are secured by the revenue generated from specific projects or resources, rather than being backed by the taxing power of the issuing entity. This means that the obligation to repay the bondholders is directly tied to the income produced from the project—such as tolls from a highway or fees from a utility service—and does not rely on general tax revenues.

The ability to issue revenue bonds without seeking voter approval allows governments and public agencies to finance essential infrastructure projects more efficiently and swiftly, as these projects can begin generating revenue sooner without the delay of a public vote.

In some cases, jurisdictions may have different rules regarding the issuance of bonds, but the general principle remains that revenue bonds do not require voter approval. Each jurisdiction may have its own specific regulations, but the answer provided reflects the broader context of revenue bond issuance and its typical governance.