§ 10.8-46. Trust funds.  


Latest version.
  • All moneys received pursuant to the authority of this article, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this article. The board shall, in the ordinance or resolution authorizing the issuance of such bonds, provide for the payment of the proceeds of the sale of the bonds and the revenues to be received to any officer of the county who, or to any agency, bank or trust company which, shall act as trustee of such funds and hold and apply the same to the purposes hereof, subject to such regulations as this article and such other ordinance or resolution may provide.

(Ord. No. 96-39, § 6, 11-12-96)