§ 46-12.8-18. Proceeds received by agency as trust funds.
All money received by the agency 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.
History of Section.P.L. 1993, ch. 313, § 1; P.L. 1993, ch. 396, § 1.
Structure Rhode Island General Laws
Title 46 - Waters and Navigation
Chapter 46-12.8 - Water Projects Revolving Loan Fund
Section 46-12.8-1. - Legislative findings.
Section 46-12.8-2. - Definitions.
Section 46-12.8-5. - Procedure for application, approval, and award of financial assistance.
Section 46-12.8-6. - Authorization to expend funds available for local grants.
Section 46-12.8-7. - Power of local governmental units.
Section 46-12.8-8. - Authority of local governmental units to issue obligations — Terms.
Section 46-12.8-10. - Trust agreements pertaining to local governmental obligations.
Section 46-12.8-11. - Bonds of the agency.
Section 46-12.8-12. - Refunding bonds.
Section 46-12.8-13. - Bonds eligible for investment.
Section 46-12.8-14. - No additional consent required.
Section 46-12.8-15. - Bonds not obligations of the state.
Section 46-12.8-16. - Lien status recording.
Section 46-12.8-17. - Bonds and local government obligations as investment securities.
Section 46-12.8-18. - Proceeds received by agency as trust funds.
Section 46-12.8-19. - Tax exemption.
Section 46-12.8-20. - Duration of agency — Termination.
Section 46-12.8-21. - Record keeping financial statements.
Section 46-12.8-22. - Supplemental powers — Inconsistent laws.