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State or local government establish a capital projects fund

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Reference no: EM13151003 , Length: 261 words

Why would a state or local government establish a capital projects fund? What type of project might be considered a capital project? Could operating functions ever be funded with capital projects funds? How could these administrative controls assuring that funds not be shifted between funds be circumvented should the managers compromise their integrity?

Reference no: EM13151003

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