The State Has a Legally Separate State Building Authority Which

question 8

Multiple Choice

The State has a legally separate State Building Authority which has a board appointed by the governor. The authority issues debt in its own name, holds title to buildings in its own name, and leases its building exclusively to the state. In what manner would the authority be included in the State's basic financial statements?

• A) Blended.
• B) Discretely presented.
• C) Note disclosure only.
• D) Not included in any manner.

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