If the Government Is Primarily or Secondarily Liable for the Payment

Multiple Choice

If the government is primarily or secondarily liable for the payment of debt principal and interest for a special assessment project:

A) The tax levy and debt service expenditures should be recorded in an internal service fund.
B) A special revenue fund should account for the proceeds of the debt and construction expenditures.
C) The project is accounted for as if it were a governmental project.
D) The debt is not recorded in the government-wide statements.