Bond
When the state government or even a public agency needs to raise some money, there is always an alternative of getting to issue some bonds. A bond is usually a debt commitment that the financiers get to trade on the secondary market. The cash bond issuers usually get to gather from the shareholders and can be used for some capital expenditure schemes such as some new infrastructures. In various locations, some particular bond issues are usually subject to endorsement by supporters through a process called bond elections (Hirano et al. 91-108).
Prop
In California, a prop, also known as a ...
