A special revenue fund should be used in which of the following situations for a state government?

A. For the proceeds of general obligation bonds that are to be used to construct major long-lived fixed assets.
B. For investments donated by a prominent citizen that are to be invested permanently, with income being used to support homeless people.
C. For gasoline taxes that are to be used exclusively to repair state roads and bridges.
D. For sales taxes that are to be distributed to towns, cities, villages, etc. of the state.


Answer: C

Business

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