Which of the Following Is True with Respect to Special

question 123

Multiple Choice

Which of the following is true with respect to special assessment levies?

• A) If the government is not liable for the special assessment debt directly or through guarantee, the special assessment is accounted for in an agency fund
• B) Taxpayers may opt out of a service-type special assessment if they agree to not use the service funded by the assessment
• C) Service-type special assessments may not be accounted for in the General or special revenue fund.
• D) Construction-type special assessments are accumulated until there is enough money to finance the construction project