§ 19-106
64 words·~1 min read·
/md/education/19-106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§19–106.
All money received by a system as proceeds from the sale of bonds authorized by this title and all money received by a system by way of auxiliary facilities fees or academic fees which are assigned or pledged as security for the bonds shall be deemed to be trust funds to be held and applied as provided by the provisions of this title.