If the revolving fund is terminated, the fees shall thereafter be deposited with the director of finance to the credit of which fund?

• A. Capital projects fund
• B. General fund
• C. Special revenue fund
• D. Enterprise fund

Answer: (B)

When a revolving fund is terminated, any remaining fees are treated as general government resources and go to the General Fund. The General Fund is the primary repository for unrestricted state revenues that aren’t earmarked for a specific program or project. The other funds have specific purposes: a Capital Projects Fund is for major construction or infrastructure projects; a Special Revenue Fund holds resources restricted for a particular purpose by law; an Enterprise Fund covers self‑supporting activities funded by user charges. Since the fees from a terminating revolving fund aren’t targeted at a specific project, program, or enterprise, they belong in the General Fund.