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A city will serve as a conduit for federal grant money which is sent to the city by the state governemnt and must be remitted

A city will serve as a conduit for federal grant money which is sent to the city by the state governemnt and must be remitted to various not-for-profit organizations who will use the money. The ultimate allocation of the money is decided by the state-government.

Which of the following terms describes the nature of this grant?

A. Agency grant

B. Fiduciary grant

C. Pass-through grant

D. Partial Grant

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