Section 15. All moneys received pursuant to the provisions of this chapter, whether as proceeds from the issue of bonds or as revenues or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title VII - Cities, Towns and Districts
Chapter 40n - Model Water and Sewer Commission
Section 4 - Municipal Water and Sewer Commissions; Creation; Members
Section 5 - Executive Director; Officers
Section 7 - Employees; Transfer
Section 9 - Additional Powers and Limitations
Section 10 - Issuance of Notes; Collection and Enforcement Powers
Section 11 - Issuance of Bonds; Temporary Notes
Section 14 - Payment of Bonds From Bond Proceeds; Liability
Section 15 - Moneys Received Deemed to Be Trust Funds
Section 16 - Bonds Eligible for Investment
Section 17 - Bonds Deemed to Be Investment Securities
Section 18 - Bonds Issued Without Consent of Other Entities
Section 20 - Records; Reports; Inspection
Section 21 - Termination or Dissolution of Commission
Section 22 - Inconsistent Laws or Ordinances Inoperative
Section 23 - Provisions of Act Controlling
Section 24 - Construction of Act
Section 25 - Regional Water and Sewer District Commissions; Formation
Section 26 - Construction of Act; Constitutional Requirements