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GASB allows SLGs to provide the removal of general government long-term debt principal from the GLTL and year-end Government-wide financial statements if replacement debt is

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GASB allows SLGs to provide the removal of general government long-term debt principal from the GLTL and year-end Government-wide financial statements if replacement debt is issued by an SLG. Please list the names of the two different situations in which GASB allows for this, and briefly describe each. 1. _____ 2. _____

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