Trust accounts - 64 Pa. Cons. Stat. § 1541

Legal Research Home > Pennsylvania Statutes

                               SUBCHAPTER D
                      ACCOUNTS, INDEBTEDNESS AND USE

     Sec.
     1541.  Trust accounts.
     1542.  Revolving loan program accounts.
     1543.  Indebtedness.
     1544.  Use.

        Cross References.  Subchapter D is referred to in section
     1513 of this title.
     § 1541.  Trust accounts.
        The authority shall establish one or more trust accounts into
     which it shall deposit the proceeds of bonds authorized to be
     issued pursuant to section 1521 (relating to bonds issuance) to
     fund the programs established in Subchapter E (relating to
     programs) and any other moneys legally available for the
     purpose. Moneys held in an account established under this
     section may be pledged by the authority to secure payment of the
     bonds.

Last modified: November 27, 2007