diff --git a/tests/test_meta_project.py b/tests/test_meta_project.py
index 5c372dcccf5756ebac80640d709f158bccbdfc54..5149e356d4634bb31118c0e14ad93861cc9e6334 100644
--- a/tests/test_meta_project.py
+++ b/tests/test_meta_project.py
@@ -90,6 +90,8 @@ def test_invalid_values_on_transactions(hook, src_value):
     ('Assets:Receivable:Accounts', True),
     ('Assets:Receivable:Loans', True),
     ('Equity:OpeningBalance', False),
+    ('Equity:Funds:Restricted', True),
+    ('Equity:Funds:Unrestricted', False),
     ('Expenses:General', True),
     ('Income:Donations', True),
     ('Liabilities:CreditCard', False),
@@ -154,3 +156,13 @@ def test_invalid_project_data(repo_path_s, data_path_s):
     config = testutil.TestConfig(repo_path=repo_path_s)
     with pytest.raises(errormod.ConfigurationError):
         meta_project.MetaProject(config, Path(data_path_s))
+
+def test_not_required_on_opening(hook):
+    txn = testutil.Transaction.opening_balance('Equity:Funds:Unrestricted')
+    assert not list(hook.run(txn))
+
+def test_always_required_on_restricted_funds(hook):
+    acct = 'Equity:Funds:Restricted'
+    txn = testutil.Transaction.opening_balance(acct)
+    actual = {error.message for error in hook.run(txn)}
+    assert actual == {f'{acct} missing project'}