When a governmental unit is primarily or secondarily liable for the debt,debt proceeds for special assessment obligations levied for the construction phase of a capital improvement project should be reported in which of the following fund types?

Question

Quizplus · Accepted Answer

Debt proceeds for special assessment obligations levied for the construction phase of a capital improvement project should be reported in the capital projects fund type since it is used for the construction or acquisition of major capital facilities or improvements.

When a Governmental Unit Is Primarily or Secondarily Liable for the Debt,debt