Permanent Funds are a type of proprietary funds.

Name: Permanent Funds are a type of proprietary funds.
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Permanent Funds are a type of governmental funds, not proprietary funds. Proprietary funds are used for government activities that are similar to commercial businesses, such as utilities, while Permanent Funds are used to account for resources that the government is not allowed to spend the principal amount and can only spend the earnings from the principal.

Permanent Funds Are a Type of Proprietary Funds