An Enabling Statute

question 62

Multiple Choice

An enabling statute:

• A) delegates the power to zone to local city and village authorities.
• B) typically allows municipalities to regulate and limit building heights.
• C) typically grants the power to limit the intensity of use in a particular area.
• D) All of these.

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Definitions:

Dividend Income Distributions

Payments made to shareholders from a fund's income derived from dividends on stocks that it owns, typically made on a regular basis.

Capital Gains

The profit from the sale of an asset or investment above its purchase price.

Commingled Funds

Investment funds pooling assets from various accounts, allowing for diversified management and investment in a range of securities.

Equity

Ownership share in a firm.