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

Question 60

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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?  Goverument is secondarily obligated  Goverument is not secondarily obligated  for the debt  far the debt A Yes  Yes B Yes  No CNo Yes DNoNo\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.

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