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Virginia Law

Code of Virginia

Table of Contents » Title 15.2. Counties, Cities and Towns » Subtitle IV. Other Governmental Entities » Chapter 56. Public Recreational Facilities Authorities Act » § 15.2-5611. Moneys received deemed trust funds

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Code of Virginia
Title 15.2. Counties, Cities and Towns
Chapter 56. Public Recreational Facilities Authorities Act

11/12/2024

§ 15.2-5611. Moneys received deemed trust funds.

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.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.