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Bonds and other debt of enterprise funds may legally, at least contingently, have the status of tax-supported debt. In the event that enterprise fund resources
Bonds and other debt of enterprise funds may legally, at least contingently, have the status of tax-supported debt. In the event that enterprise fund resources are insufficient for debt service on such debt, why might the government as a whole find it necessary or desirable to assume responsibility for debt service? How would assumption of responsibility for such debt by the government as a whole be accounted for in the governmental activities accounts in the enterprise fund?
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