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 work is completed for a project.
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 work has started for the project.