Solved

The City Created a Legally Separate Port Authority

Question 35

Multiple Choice

The city created a legally separate port authority. Members of the board of the port authority are elected in general city elections. The port authority receives no tax dollars; it is supported entirely by user fees. The port authority determines its budget, sets user fees, and has the power to issue bonded debt. The authority would be considered a(n)


A) Primary government.
B) Component unit.
C) Related organization.
D) Affiliated organization.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions