It is appropriate for a state government to use a special revenue fund in which of the following situations?

Multiple Choice

• For sales tax collection and distribution to towns, cities, villages, etc. of the state.

• For investments resulting from a donation by a prominent citizen, the income from which is to be used to support homeless people.

• For repairs to state roads and bridges financed through taxes on purchases of gasoline.

• For major long-lived fixed asset construction projects financed in part by general obligation bond proceeds.