Virginia Statutes
§ 15.2-5359 — Moneys received deemed trust funds
Virginia § 15.2-5359
JurisdictionVirginia
Title 15.2COUNTIES, CITIES AND TOWNS
Subtitle IVOTHER GOVERNMENTAL ENTITIES
Ch. 53HOSPITAL AUTHORITIES
Art. 3BONDS
This text of Virginia § 15.2-5359 (Moneys received deemed 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. § 15.2-5359 (2026).
Text
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. Any officer with whom, or any bank or trust company with which, such moneys are deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes hereof, subject to the provisions of this chapter and the resolution authorizing the issuance of such bonds or the trust indenture securing the same.
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Legislative History
Code 1950, § 32-271.3; 1973, c. 462, § 15.1-1594; 1979, c. 719; 1997, c. 587.
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Bluebook (online)
Virginia § 15.2-5359, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/15.2/15.2-5359.