All moneys received pursuant to the authority 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. 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 shall be paid shall act as trustees of such moneys and shall hold and apply the same for the purposes hereof, subject to such regulations as such resolution or trust agreement may provide.
Structure Delaware Code
Chapter 14. WATER AND/OR SEWER AUTHORITIES
§ 1403. Amendment of articles of incorporation.
§ 1404. Withdrawal or joinder of municipalities; procedure.
§ 1405. Exercise of powers by governing body; composition; quorum; personnel; salaries; records.
§ 1410. Exemption of projects from taxes.
§ 1411. Fixed charges in connection with projects; regulation of sewage; water meter readings.
§ 1413. Connection with sewerage system by abutting property owners; conditions.
§ 1414. Provisions permitted for inclusion in resolutions or trust agreements providing for bonds.
§ 1415. Moneys received as trust funds; fiscal agents to act as trustees.
§ 1416. Rights of bondholders and trustees.
§ 1418. Accreditation of bonds for investment purposes.
§ 1419. Transfer of interest by municipalities; use of certain lands; powers of municipalities.
§ 1420. Transfer of projects to municipalities; conditions; termination of authorities.
§ 1420A. Incorporation of project within other governmental system; assumption of debt.