§2065. Trust funds
All moneys received pursuant to the authority of this chapter whether as proceeds from the sale of bonds or notes or as revenues, are trust funds to be held and applied solely as provided in this chapter. Any officer with whom, or any bank or trust company with which, such moneys are deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes of this chapter, subject to such regulations as this chapter and the resolution authorizing the bonds or notes of any issue or the trust agreement securing such bonds or notes provide. [PL 1971, c. 303, §1 (NEW).]
SECTION HISTORY
PL 1971, c. 303, §1 (NEW).
Structure Maine Revised Statutes
Part 4: HOSPITALS AND MEDICAL CARE
Chapter 413: HEALTH FACILITIES AUTHORITY
22 §2052. Declaration of necessity
22 §2054. Health Facilities Authority; executive director
22 §2057. Acquisition of property by authority
22 §2058. Conveyance of title to participating institutions
22 §2059. Notes of the authority
22 §2060. Bonds of the authority
22 §2061. Procedure before issuance of bonds
22 §2062. Trust agreement to secure bonds
22 §2063. Credit of State not pledged
22 §2066. Enforcement of rights and duties
22 §2067. Exemption from taxation
22 §2068. Bonds declared legal investments
22 §2071. Source of payment of expenses
22 §2072. Agreement of the State
22 §2073. Act cumulative; no notice required
22 §2074. Act liberally construed
22 §2075. Maine Health Facilities' Reserve Fund