§ 13. Trust Funds.

Latest version.

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

(Laws of Fla. ch. 57-1658, § 13; Laws of Fla. ch. 75-464, § 23)

                    
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