§ 36-8-236 — Moneys deemed trust funds

All moneys received pursuant to the authority of this act,
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 act. The resolution authorizing the 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 act and such
resolution or trust agreement may provide.