All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or grants or other contributions from any person corporate or otherwise, or government, or as fees and revenues shall be deemed to be trust funds, to be held and applied solely as provided in this chapter. The issuing officer shall, in the resolution authorizing the issuance of bonds or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds and the fees and revenues to be received, to any officer, agency, bank or trust company who shall act as trustee of such funds, and shall hold and apply the same to the purposes of this chapter, subject to such regulations as this chapter and such resolution or trust indenture may provide.
Structure Delaware Code
Chapter 40. THE DELAWARE STATE HOUSING AUTHORITY
Subchapter II. Delaware State Housing Authority
§ 4011. DSHA to contract for labor or materials.
§ 4015. Audit of books and accounts.
§ 4017. Forms and terms of bonds; disposition of proceeds.
§ 4018. Bonds as legal investments for institutions and fiduciaries and as legal deposit.
§ 4019. Credit of State not pledged.
§ 4021. Provisions of bonds and mortgages.
§ 4023. Remedies of bondholders and trustees.
§ 4024. Moneys as trust funds.
§ 4025. Subordination of mortgage to agreement with government.
§ 4028. Notification of application for Low Income Housing Tax Credit Program.
§ 4029. Korey Thompson Student Emergency Housing Assistance Fund.