Special Assessments Levied for Debt Service of Bonds Issued for a Special

question 60

Multiple Choice

Special assessments levied for debt service of bonds issued for a special assessment capital project will be accounted for by a debt service fund under which of the following situations? $$\begin{array} { | c | c | c } \hline & \text { Goverument is secondarily obligated } & \text { Goverument is not secondarily obligated } \\\text { for the debt } & \text { far the debt } \\\hline \mathrm { A } & \text { Yes } & \text { Yes } \\\hline \mathrm { B } & \text { Yes } & \text { No } \\\hline \mathrm { C } & \mathrm { No } & \text { Yes } \\\hline \mathrm { D } & \mathrm { No } & \mathrm { No } \\\hline\end{array}$$

• A) A.
• B) B.
• C) C.
• D) D.