                                 CODE OF VIRGINIA

ALL MONEYS TO BE TRUST FUNDS (§ 33.2-1716)

All moneys received pursuant to the authority of this chapter, whether as
proceeds from the sale of revenue bonds, as grants or other contributions, or as
tolls and revenues, shall be held and applied solely as provided in this
chapter. The Board shall, in the resolution authorizing the issuance of bonds or
in the trust indenture, provide for the payment of the proceeds of the sale of
the bonds and the tolls and revenues to be received into the state treasury and
carried on the books of the Comptroller in a special account and may provide for
the turning over, transfer, or paying over of such funds from the state treasury
to any officer, agency, bank, or trust company who shall act as trustee of such
funds and hold and apply the same to the purposes of this chapter, subject to
such regulations as this chapter and such resolution or trust indenture may
provide.
		Disbursements and payments of moneys so paid into the state treasury shall be
made by the State Treasurer upon warrants of the State Comptroller that he shall
issue upon vouchers signed by such person or persons as shall be designated by
the Board for such purpose.

HISTORY: Code 1950, § 33-243; 1970, c. 322, § 33.1-283; 1988, cc. 844, 903;
2014, c. 805.