Issuance of a Short-Term Bond Anticipation Note-To Provide Temporary Financing

Multiple Choice

Issuance of a short-term bond anticipation note-to provide temporary financing for a general government capital project-that does not meet the requirements for treatment as long-term debt:

A) does not increase fund balance of the Capital Projects Fund (CPF) .
B) increases fund balance of the CPF because they are issued in anticipation of issuing long-term debt.
C) would affect the General Long-Term Liabilities (GLTL) balance.
D) would normally be repaid from a Debt Service Fund (DSF) .