                                 CODE OF VIRGINIA

TRUST FUNDS (§ 5.1-169)

All proceeds from the sale of bonds and revenues derived therefrom received
pursuant to the provisions of this act shall be deemed to be trust funds to be
held and applied solely as provided in this act. The Authority may, in the
resolution authorizing the bonds or in the trust agreement securing such bonds,
provide for the payment of the proceeds of the sale of the bonds and the
revenues of the Authority to a trustee, which may be any trust company or bank
having the powers of a trust company within or without the Commonwealth of
Virginia, which shall act as trustee of the funds, and hold and apply the same
to the purposes of this act, subject to such regulations as this act and such
resolution or trust agreement may provide. The trustee may invest and reinvest
such funds in such securities as may be provided in the resolution authorizing
the bonds or in the trust agreement securing such bonds.

HISTORY: 2001, c. 342.