2005 Connecticut Code - Sec. 7-210. Receipts to be trust funds.
Sec. 7-210. Receipts to be trust funds. All moneys received under the provisions
of this chapter shall be deemed to be trust funds, to be held and applied as provided in
this chapter. The ordinance authorizing the issuance of revenue bonds shall provide that
any officer to whom, or 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 hereof, subject to such regulations as this chapter and such ordinance provide.
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