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A description of a governmental fund states, The Bonded Projects Fund is used to account for resources used for capital expenditures or for the acquisition
A description of a governmental fund states, "The Bonded Projects Fund is used to account for resources used for capital expenditures or for the acquisition or construction of capital facilities, improvements and equipment. Most of the capital outlays are financed by the issuance of general obligation bonds. Other sources include capital grants, current tax revenues and low interest State loans." What type of governmental fund would this be considered?
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