State laws often require that assets no longer needed in a capital projects fund be transferred to the fund that will service the debt incurred for the project, a debt service fund.

Question

Quizplus · Accepted Answer

This is correct, as it is a common practice for state laws to require the transfer of assets from a capital projects fund to a debt service fund to ensure that the debt incurred for the project is properly serviced.

State Laws Often Require That Assets No Longer Needed in a Capital