If the government is primarily or secondarily liable for the payment of debt principal and interest for a special assessment project:

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If the government is primarily or secondarily liable for the payment of debt principal and interest for a special assessment project, the project should be accounted for as if it were a governmental project. This means that the debt and any associated tax levies should be recorded in the government-wide statements, and the project should be accounted for in the same way as any other governmental project. There is no need to use an internal service fund or a special revenue fund for this type of project.

If the Government Is Primarily or Secondarily Liable for the Payment