In most instances that required down payment required by Local Bond Law can be taken from the Capital Improvement Fund or Fund Balance (Capital Surplus).

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Prepare for the Rutgers Municipal Capital and Trust Fund Accounting Test. Use our study guide with flashcards and multiple choice questions. Each question provides hints and explanations for clearer understanding. Ensure your success on the test with our comprehensive resources!

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In most instances that required down payment required by Local Bond Law can be taken from the Capital Improvement Fund or Fund Balance (Capital Surplus).

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