Which of the following statements regarding the flow of funds found within a municipal trust indenture are TRUE?
It describes the disbursement of funds for revenue bond issues.
It describes the disbursement of funds for general obligation issues.
It is found within the official statement.
It is found within the bond contract.
A) II and IV.
B) I and IV.
C) I and III.
D) II and III.
Answer: B) I and IV.