Greenville, South Carolina’s third-largest city, expects to sell $17.8 million of hospitality-tax revenue refunding and improvement bonds Tuesday . The bonds are secured by a junior-lien pledge of local hospitality taxes and are not backed by the city’s general revenues.

Greenville collects a 2% tax on restaurant food and beverage sales. The city has $4.9 million of outstanding certificates of participation that have a senior lien on the revenue.

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