All moneys received pursuant to the provisions of this chapter, 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 chapter.
Va. Code Ann. § 15.2-5611
Moneys received deemed trust funds
Known as the Public Recreational Facilities Authorities Act
The act spans §§ 15.2-5600 to 15.2-5616 (17 sections).
Code 1950, § 15-714.24; 1962, c. 393, § 12, § 15.1-1282; 1997, c. 587.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.