1. The principal or corpus of Permanent Funds

   	a.	Is required to be maintained intact (i.e. non-spendable)
   	b.	Is not required to be maintained intact (i.e. spendable)
   	c.	Is recorded in the GLTL
   	d.	Is required to be reported in the GCA and is subject to the modified approach to depreciation

2. GASB requires SLGs to use

   	a.	A Special Assessment Debt Service Fund for an activity that is financed with debt that is secured solely by a pledge of the net revenues of the activity
   	b.	An Internal Service Fund for an activity that is financed with debt that is secured solely by a pledge of the net revenues of the activity
   	c.	An Enterprise Fund for an activity that is financed with debt that is secured solely by a pledge of the net revenues of the activity
   	d.	An Agency Fund for an activity that is financed with debt that is secured solely by a pledge of the net revenues of the activity

3. The components of Fund Net position for a Proprietary Fund include which of these?

   	a.	Unrestricted, Restricted and Net Fund Balance
   	b.	Nonspendable, Restricted, Committed, Assigned and Unassigned
   	c.	Net Investment in Capital Assets, Restricted net position and Unrestricted net position
   	d.	Unspendable, Spendable and Net Investment in Capital Assets