Identify the correct option out of the given statements.

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Chapter 12, Problem 18P

To determine

Identify the correct option out of the given statements.

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Which of the following is necessary for a special purpose local government to be viewed as a primary government for reporting purposes? It must have a separately elected governing body. It must have specifically defined geographic boundaries. It must be fiscally independent. It must have corporate powers to prove that it is legally independent.

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