When Would a Special Revenue Fund Be Deemed to Have

Multiple Choice

When would a special revenue fund be deemed to have satisfied the eligibility requirement of a reimbursement-type federal grant,under GASB Statement 33?

A) Only as qualified expenditures are completed.
B) When a plan for use of the funds has been developed and approved.
C) Only after work is completely finished for the project.
D) When the grant is first approved by the granting agency.