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LOGT
(redirected from Local Option Gas Tax)

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AcronymDefinition
LOGTLocal Option Gas Tax


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The bonds are secured by a first lien on the revenues of three different gas taxes: The 1-cent county gas tax, the 2-cent constitutional gas tax, and the 6-cent local option gas tax (LOGT).
2 million in local option gas tax revenue bonds at 'A'.
The $16 million Gas Tax revenue bonds, which are secured by a lien on and pledge of the five- and six-cent local option gas tax, have traditionally been rated one notch below the city's implied GO due to its more limited revenue stream and dedicated use for capital projects.
 
 
 
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