Section 15: Moneys received deemed to be trust funds
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/ma/part-i/title-vii/chapter-40n/15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 15. All moneys received pursuant to the provisions of this chapter, whether as proceeds from the issue of bonds or as revenues or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter.