Which of the following is a key eligibility requirement for an expenditure-driven grant?

An expenditure-driven grant primarily requires that a qualifying expenditure be incurred in order to access the funds. This type of grant typically reimburses eligible costs incurred by the recipient. The core principle is that the grant funds are provided once specific pre-approved expenses are documented and reported. Thus, incurring the qualifying expenditure is essential for demonstrating that the funds are being used effectively and according to the grant's stipulations.

While fulfilling administrative obligations is necessary for the overall management of the grant, it is not a direct eligibility requirement for the approval of the grant itself. The focus is primarily on the actual expenses that have been incurred, which must meet the criteria outlined in the grant agreement. Therefore, the correct answer emphasizes that the incurrence of a qualifying expenditure is the fundamental basis for eligibility in this context.