Pennsylvania § 1541 Trust accounts

Pennsylvania Statutes

§ 1541 — Trust accounts

Pennsylvania § 1541

JurisdictionPennsylvania

Title 64PUBLIC AUTHORITIES AND QUASI-PUBLIC CORPORATIONS

PartPART II

Ch. 15COMMONWEALTH FINANCING AUTHORITY

Subch.ACCOUNTS, INDEBTEDNESS AND USE

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Bluebook

64 Pa. Cons. Stat. § 1541 (2026).

Text

The authority shall establish one or more trust accounts into which it shall deposit the proceeds of bonds authorized to be issued pursuant to section 1521 (relating to bonds issuance) to fund the programs established in Subchapter E (relating to programs) and any other moneys legally available for the purpose. Moneys held in an account established under this section may be pledged by the authority to secure payment of the bonds.

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The authority shall establish one or more trust accounts into which it shall deposit the proceeds of bonds authorized to be issued pursuant to section 1521 (relating to bonds issuance) to fund the programs established in Subchapter E (relating to programs) and any other moneys legally available for the purpose. Moneys held in an account established under this section may be pledged by the authority to secure payment of the bonds.