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The term that accurately describes funds collected to direct designated revenues to specific uses is "dedicated funds."

Dedicated funds are established to ensure that certain revenues are earmarked for specific purposes, such as funding particular programs or projects. This concept helps in maintaining financial accountability and transparency by clearly defining which revenues can be used for particular expenditures. These funds are often mandated by legislation or policy, and their usage is restricted to the purposes for which they were intended.

While the other terms may have their own specific meanings, they do not capture the essence of directing designated revenues as effectively. Special accounts might imply accounts set up for various purposes but do not necessarily indicate designated revenue use. Special funds can sometimes refer to funds designated for specific functions but lack the same connotation of being directly tied to certain revenues. Grant funds specifically refer to funds provided through a grant program for particular projects, often contingent upon fulfilling certain conditions, which do not convey the broader concept of dedicated procedures tied to specific revenue streams.