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.
(1953, S. 288d.)
Structure Connecticut General Statutes
Chapter 100 - Municipal Parking Authorities
Section 7-203. - Creation of parking authorities.
Section 7-204. - Powers of parking authority.
Section 7-204a. - Enforcement of municipal parking regulations.
Section 7-206. - Revenue bonds.
Section 7-207. - Rates and charges.
Section 7-207a. - Use of parking meter revenues.
Section 7-208. - Rights of bondholders.
Section 7-209. - Bonds to be tax-exempt.
Section 7-210. - Receipts to be trust funds.
Section 7-211. - Provisions of special acts not affected.
Section 7-212. - Parking authorities; tax exemption; investment of funds.