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Citizens Within a Defined Geographic Area of Dolan City Created

question 53

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Citizens within a defined geographic area of Dolan City created a special assessment district to facilitate the construction of sidewalks. The city was responsible for overseeing the entire construction project. The city issued bonds in its own name to pay the contractor for the construction. However, the city was not responsible in any manner for the bonds. The bonds were secured by the special assessments that are levied against properties within the special assessment district. Collections of special assessments would be recorded in which of the following funds of Dolan City?


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