Which of the following is true with respect to special assessment levies?

Question

Quizplus · Accepted Answer

If the government is not liable for the special assessment debt directly or through guarantee, the special assessment is accounted for in an agency fund.

Answer: B 
 Taxpayers may opt out of a benefit-type special assessment if they can show they will not receive any benefit from the service funded by the assessment. This is not applicable to service-type special assessments.

Answer: C 
 Service-type special assessments may be accounted for in the General or special revenue fund if they are used to finance services that benefit the general public.

Answer: D 
 Construction-type special assessments are typically collected prior to the construction project and used to finance the project as it proceeds. There is no accumulation of funds until enough money is collected.

Which of the Following Is True with Respect to Special