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Code · Pennsylvania · Title 64 — PUBLIC AUTHORITIES AND QUASI-PUBLIC CORPORATIONS · Chapter 15

§ 1541. Trust accounts.

76 words·~1 min read·/pa/title-64/chapter-15/1541

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§ 1541. Trust accounts.
The authority shall establish one or more trust accounts into which it shall deposit the proceeds of bonds authorized to be issued pursuant to section 1521 (relating to bonds issuance) to fund the programs established in Subchapter E (relating to programs) and any other moneys legally available for the purpose. Moneys held in an account established under this section may be pledged by the authority to secure payment of the bonds.
64c1542s
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