A municipality that has issued GANs, short-term municipal notes, does so in expectation that the debt service will be paid by the receipt of funds attained:

A municipality that has issued GANs, short-term municipal notes, does so in expectation that the debt service will be paid by the receipt of funds attained:



A) via grants from the federal government.

B) from future tax revenue.

C) from both tax and other anticipated revenue.

D) through the issue of long-term bonds.



Answer: A) via grants from the federal government.


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