When a Governmental Unit Is Primarily or Secondarily Liable for the Debt,debt

question 114

Multiple Choice

When a governmental unit is primarily or secondarily liable for the debt,debt proceeds for special assessments levied for the construction phase of a capital improvement project should be reported in which of the following fund types?

• A) Capital projects.
• B) General.
• C) Agency.
• D) Debt service.

---

Definitions:

Criminally Liable

Subject to legal penalties under criminal law due to actions or omissions that violate statutes designed to protect the public, safety, health, or morals.

Prosecutor

A legal official who conducts criminal proceedings on behalf of the state or the public, charging and trying cases against individuals or entities accused of crimes.

Employment

The condition of having paid work in a job, profession, or business.

Extortion

The act of acquiring something, particularly money, by using coercion or intimidation.