Land bonds are financial bonds used in many countries to satisfy, in whole or in part, the compensation payable by the government for compulsory acquisition of any land from private landowners.
The constitution of Brazil has several articles covering the use of bonds to compensate for land acquisition.
Some of these articles are:[1] Guyana passed a Land Bonds Act in 1959.
The law mandates that new land bonds issued to a vendor for the acquired land, be accepted by such vendor as the equivalent of the corresponding amount of purchase money, and any person having power to sell, may enter into a subsequent purchase agreement notwithstanding that the purchase money under the laws of Ireland is paid in new land bonds instead of cash.
Under this Act, the government acquired land from landlords, and compensated them in government bonds worth 1.5 times the annual output on the land.