Virginia Statutes
§ 15.2-5140 — Trust funds
Virginia § 15.2-5140
JurisdictionVirginia
Title 15.2COUNTIES, CITIES AND TOWNS
Subtitle IVOTHER GOVERNMENTAL ENTITIES
Ch. 51VIRGINIA WATER AND WASTE AUTHORITIES ACT
Art. 4FINANCING
This text of Virginia § 15.2-5140 (Trust funds) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 15.2-5140 (2026).
Text
All moneys received pursuant to this chapter shall be deemed to be trust funds, to be held and applied solely as provided in this chapter. The resolution or trust agreement providing for the issuance of revenue bonds of the authority shall provide that any officer to whom, or any bank, trust company or other fiscal agent to which, such moneys are paid shall act as trustee of such moneys and shall hold and apply the same for the purposes provided in this chapter, subject to such regulations as such resolution or trust agreement may provide.
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Legislative History
Code 1950, § 15-764.26; 1950, p. 1328; 1962, c. 623, § 15.1-1264; 1997, c. 587.
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Bluebook (online)
Virginia § 15.2-5140, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/15.2/15.2-5140.