When would a special revenue fund be deemed to have satisfied the eligibility requirement of a reimbursement-type federal grant,under GASB Statement 33?

Question

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According to GASB Statement 33, a special revenue fund would only be deemed to have satisfied the eligibility requirement of a reimbursement-type federal grant when qualified expenditures are completed. This means that the government must incur and record eligible expenditures related to the grant before it can receive reimbursement from the granting agency. Simply developing a plan, finishing the project, or having the grant approved does not meet this criteria.

When Would a Special Revenue Fund Be Deemed to Have