What are the main reason for maintaining a debt service fund for capital projects? a. Major capital projects are usually funded by long-term debt. b. Special tax revenues can be restricted for the purpose of building the capital project. c. Lenders want to make sure that there are funds available if the capital project is funded by third-parties. d. All answers are correct.
Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks! |
What are the main reason for maintaining a debt service fund for capital projects? | |
a. Major capital projects are usually funded by long-term debt. | |
b. Special tax revenues can be restricted for the purpose of building the capital project. | |
c. Lenders want to make sure that there are funds available if the capital project is funded by third-parties. | |
d. All answers are correct. | |
The correct option is d. All answers are correct. |
Get Answers For Free
Most questions answered within 1 hours.