Moneys received deemed trust funds

Code of Virginia

Section: 15.2-5611

Jurisdiction: VA

Bluebook Citation: Va. Code § 15.2-5611

All moneys received pursuant to the provisions of this chapter, 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 chapter. Code 1950, § 15-714.24; 1962, c. 393, § 12, § 15.1-1282; 1997, c. 587.

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