KRS 441.670: Application of authority's revenues -- Purposes.

All moneys, received under the provisions of KRS 441.625 to 441.695, either from the

sale of bonds or as revenues, are to be held and applied solely as provided in KRS

441.625 to 441.695. The proceedings or the trust indenture shall provide that any offic er

with whom, or any bank or trust company with which, such moneys are deposited shall

act as trustee of such moneys and shall hold and apply the same for the purposes hereof,

subject to such regulation as KRS 441.625 to 441.695 and such proceedings or tru st

indenture may provide.