Explain how the debt capacity of the governmental entity is determined.

Select a government agency (local/state/federal) and develop a four- to five-page APA-style paper summarizing the following:

  1. Explain how the debt capacity of the governmental entity is determined.
  2. Evaluate the effect of refunding or reorganizing existing debt obligations.
  3. Analyze various funding alternatives that can be used to support debt obligations.

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