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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>59579</law_id><section_number>33.2-2214</section_number><catch_line>Trust funds</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="33.2">Highways and Other Surface Transportation Systems</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Local and Regional Transportation</unit><unit label="chapter" level="3" order_by="1" identifier="22">Chesapeake Bay Bridge and Tunnel District and Commission</unit></structure><text>
						<section><p>All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of <span class="dictionary"><span class="dictionary">bonds</span></span> or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. The resolution authorizing the <span class="dictionary"><span class="dictionary">bonds</span></span> of any <span class="dictionary">issue</span> or the trust indenture securing such <span class="dictionary"><span class="dictionary">bonds</span></span> shall provide that 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 moneys for the purposes provided in this chapter, subject to such regulations as this chapter and such resolution or trust indenture may provide.</p></section></text><history>1956, c. 714; 2014, c. 805.</history><metadata></metadata></law>
