15.2-5611 - Moneys received deemed trust funds.
§ 15.2-5611. Moneys received deemed trust funds.
All moneys received pursuant to the provisions of this chapter, whether asproceeds from the sale of bonds or as revenues, shall be deemed to be trustfunds to be held and applied solely as provided in this chapter.
(Code 1950, § 15-714.24; 1962, c. 393, § 12, § 15.1-1282; 1997, c. 587.)