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Successful attainment of legal defeasance of long-term general government debt in an advance refunding transaction would result in? 1.The principal of the old debt remaining

Successful attainment of legal defeasance of long-term general government debt in an advance refunding transaction would result in?

1.The principal of the old debt remaining in the GLTL, and the new debt principal being added to the GLTL

2. The principal balance of the old debt remaining in the GLTL

3. Neither the old debt principal nor the new debt principal included in the GLTL

4. None of these options

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