What conclusions can you draw about whether interest on fund investments must be used either to repay the capital improvement bonds or to construct and refurbish city facilities?
a. The interest on fund investments is exclusively designated for repaying capital improvement bonds.
b. The interest on fund investments must be utilized solely for constructing and refurbishing city facilities.
c. The utilization of interest on fund investments depends on the terms outlined in the capital improvement bonds.
d. There are no restrictions on how interest from fund investments should be allocated.