Agency Funds account for the collection of special assessment receivables in which the related bond issue is guaranteed by the governmental unit.

Name: Agency Funds account for the collection of special assessment receivables in which the related bond issue is guaranteed by the governmental unit.
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Question

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Agency Funds are used to account for assets held by a government in a custodial capacity, including special assessment receivables when the government guarantees the related bond issue.

Agency Funds Account for the Collection of Special Assessment Receivables