Crossover refunding, which is a type of advance refunding, is best described by which of the following statements?
A) The revenue stream originally pledged to secure the refunded issue continues to pay debt service on those bonds until they mature or are called.
B) The revenue stream is halted completely from the project until the new bonds are issued.
C) The new issue will not be funded by the revenue stream from the project that funded the initial bond offering.
D) Revenues can never cross over to fund a new issue.
Answer: A) The revenue stream originally pledged to secure the refunded issue continues to pay debt service on those bonds until they mature or are called.