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What is the impact on net position in the non-fund

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Question - In 2020, refunding bonds are issued in the amount of $10,000,000 to complete an in-substance defeasance of an old bond in the amount of $12,000,000. The $10,000,000 is placed in trust and will service the old debt until its retirement. What is the impact on Net Position in the non-fund?

Reference no: EM132934718

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