All money received by a system as proceeds from the sale of bonds authorized by this title and all money received by a system by way of auxiliary facilities fees or academic fees which are assigned or pledged as security for the bonds shall be deemed to be trust funds to be held and applied as provided by the provisions of this title.
Structure Maryland Statutes
Division III - Higher Education
Title 19 - Auxiliary and Academic Facilities Bond Authority
Section 19-102 - Powers and Duties of System Generally
Section 19-103 - Bonds -- in General
Section 19-104 - Bonds -- Trust Agreement
Section 19-107 - Purpose and Nature of Powers Under Title; Exemption From Taxes
Section 19-108 - Refunding Bonds
Section 19-109 - Bonds as Securities
Section 19-110 - Title to Property; Use of State Lands