Applicability of GASB Standards

This subparagraph is based primarily on the discussion in M. David Gelfand, State and Local Government Debt Financing, sections 5:16 through 5:20, chapter 5, pages 44-57 (Clark Boardman Callaghan, 1986-1990). See Gelfand for more detailed discussion of the nature of issues of federally tax-exempt debt, and for related citations in revenue ... ................
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