City Governments Are One Example of Local Governments in Texas

question 24

Multiple Choice

City governments are one example of local governments in Texas. Other than city governments, all of the following are also examples of local governments EXCEPT ______.

• A) legislative districts
• B) independent school districts
• C) municipal utility districts
• D) airport authorities
• E) community college districts

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Definitions:

Stockholders' Equity

The residual interest in the assets of a company after deducting liabilities, represented by the shareholders' investment and retained earnings.

Bond Offering

The process of issuing bonds to investors as a way of raising capital, where the issuer owes the holders a debt.

Indenture

A legal document that describes all the details of a debt security to potential buyers.

Covenant

A legal agreement or contract specifying certain conditions or actions that must be met or complied with.