Which of the following is a characteristic of a Permanent Fund?
A)both the corpus of the fund and its earnings must be kept intact permanently.
B)permanent funds are created to support programs that benefit other governmental units.
C)earnings of a permanent fund are used to support programs that benefit the government or its citizens.
D)permanent Funds are established when a government receives a bequest without a legal trust agreement.

Question

Quizplus · Accepted Answer

Permanent funds are designed so that the earnings (but not the principal amount) can be used to fund government programs or services that benefit the public.

Which of the Following Is a Characteristic of a Permanent