Question

"As stated in the flow of funds found in a revenue bond issue's trust indenture, before the revenues collected are applied to the operations and maintenance fund, revenues are placed in the:"

Answer 1

Answer: revenue fund

Step-by-step explanation:

The flow of funds simply means utilization of revenues by the issuer. When revenues are collected, the revenues will be deposited at first to a revenue fund.

After then, the revenue will then be applied to the operations and maintenance fund and other necessary funding. Most times, the revenue kept in the revenue fund are used to carry out specific project.