Delaware Code
Chapter 4. DELAWARE INTERSTATE HIGHWAY DIVISION
§ 422. Moneys as trust funds.

All moneys received pursuant to this chapter, whether as proceeds from the sale of bonds or grants or other contributions, or as tolls and revenues, shall be deemed to be trust funds, to be held and applied solely as provided in this chapter. The Department 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 tolls 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

Delaware Code

Title 17 - Highways

Chapter 4. DELAWARE INTERSTATE HIGHWAY DIVISION

§ 401. Definitions.

§ 402. Purpose.

§ 403. Control, operation and revenues of Delaware Memorial Bridge and approaches vested in Department.

§ 404. Contracts for maintenance of Delaware Memorial Bridge or repairs or improvements.

§ 405. Construction of toll crossings, highways, express highways and parallel service roads; operation of competitive commercial enterprises.

§ 406. Acquisition of property for toll crossings.

§ 407. Use of lands under Delaware River.

§ 408. Regulations for use of Bridge or other toll crossings for public utility facilities; penalty for violations.

§ 409. Insurance.

§ 410. Employment of general manager, guards and toll keepers; indemnity bond.

§ 411. Other crossings prohibited.

§ 412. Exemption from taxation.

§ 413. Bonds for construction of facilities.

§ 414. Bonds for refunding of outstanding obligations.

§ 415. Form and terms of bonds; disposition of proceeds.

§ 416. Bonds as legal investments for institutions and fiduciaries, and as legal deposit.

§ 417. Credit of State not pledged.

§ 418. Trust indenture.

§ 419. Remedies of bondholders and trustees.

§ 420. Power to collect and pledge tolls and revenues; fixation of tolls, rates or charges.

§ 421. Contributions.

§ 422. Moneys as trust funds.

§ 423. State covenant for control of crossings.

§ 424. Pecuniary interest of member or employee; penalty.

§ 425. Penalty for nonpayment of toll.

§ 426. Construction of chapter.