231.14 Trust funds. All moneys received under the authority of this chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be 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 bond resolution authorizing the bonds of any issue provide.
History: 1973 c. 304.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 231 - Health and educational facilities authority.
231.02 - Creation and organization.
231.05 - Project applications.
231.06 - Property acquisition.
231.10 - Bonds not public debt.
231.12 - Studies and recommendations.
231.15 - Rights of bondholders.
231.18 - Investment authorization.
231.20 - Waiver of construction and bidding requirements.
231.21 - Employees under social security.
231.215 - Incorporator for purpose related to purchase or sale of right to payments.
231.23 - Nonprofit institutions.
231.24 - Liberal construction.
231.26 - Residential facility for the severely physically disabled.
231.27 - Minority financial interests.
231.28 - Minority business participation.
231.29 - Disabled veteran-owned business financial interests.