Which of the Following Is NOT a Necessary Condition for a Governmental

question 8

Multiple Choice

Which of the following is NOT a necessary condition for a governmental entity to be considered fiscally independent?

• A)It must be able to determine its own budget.
• B)It must be able to levy taxes and/or set rates for its services.
• C)It must be able to issue bonds.
• D)It must be able to issue bonds that are tax-exempt.

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