GroundRules
Ala. Code § 16-18A-12: Moneys Considered Trust Funds.
Where this section sits in the code
- Title 16 Education.
- Chapter 18A Private Colleges and Universities Facilities Authority.
All moneys received by the authority pursuant to this chapter shall be deemed to be trust funds for the holders of the bonds and interest coupons thereto appertaining and shall be held and applied for the benefit of the bondholders of the respective issues as provided in this chapter and as provided in the authorizing resolutions of the authority.
Collected 2026-09-03T14:01:51Z. Source file · JSON