Permanent Funds usually do not have capital assets.

Name: Permanent Funds usually do not have capital assets.
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Permanent funds are a type of governmental fund used to account for resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the reporting government's programs. They typically do not include capital assets because they are more focused on financial resources rather than physical assets.

Permanent Funds Usually Do Not Have Capital Assets