Аннотация:The subject of this research is the economic relations arising in the process of using bonds by regional Russian authorities. The objectives of the bond issue by the subjects of the Federation of the Russian Federation are the following: financing the budget deficit, cash ruptures of budget implementation, and financing public debt. The bond method of attracting funds in some cases may be the most effective from the point of view of attracted amounts of money and “accumulating” of a credit rating. Subjects of the Federation can use several types of bond loans to raise funds. Taking into consideration that most regions have serious problems in attracting funds, and the restrictions imposed on the volume of emissions and the size of a public debt suggests investment bonds as the most attractive mechanism for raising funds.