WVC 17 - 16 A- 14
17-16A-14. Trust funds.
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 resolution
authorizing the issuance of bonds of any issue or the trust
agreement securing such bonds shall provide that any officer to
whom, or any bank or trust company to which, such moneys shall be
paid shall act as trustee of such moneys and shall hold and apply
the same for the purposes hereof, subject to such regulations as
this article and such resolution or trust agreement may provide.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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