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What are the main reason for maintaining a debt service fund for capital projects? a. Major...

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.

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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.
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