Sec. 10a-234. Use of bond proceeds and revenues.
Sec. 10a-234. Use of bond proceeds and revenues. All moneys received under
the provisions of this chapter, whether as proceeds from the sale of bonds or notes or
as revenues, shall be deemed to be trust funds to be held and applied solely as provided
in this chapter. Any officer with whom, or any bank or trust company with which, such
moneys shall be deposited shall act as trustee of such moneys and shall hold and apply
the same for the purposes hereof, subject to such regulations as this chapter and the
resolution authorizing the bonds or notes of any issue or the trust agreement securing
such bonds or notes may provide.
(P.A. 82-313, S. 14, 28.)