                                 CODE OF VIRGINIA

REVENUES OF THE AUTHORITY (§ 33.2-296)

All moneys received by the Authority pursuant to this article including, without
limitation, moneys received from the Commonwealth Rail Fund established pursuant
to § 33.2-1526.4, 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 article. The resolution authorizing the bonds of any issue or the trust
indenture or agreement or resolution securing such bonds shall provide that any
officer with whom, or any bank or trust company with which, such moneys shall be
deposited shall act as a trustee of such moneys and shall hold and apply the
same for the purposes hereof, subject to such regulations as this article and
such trust indenture or agreement or resolution may provide.

HISTORY: 2020, cc. 1230, 1275.