§ 18-80. Trust funds.

Latest version.

All monies received pursuant to the authority of this article whether as proceeds from the sale of bonds or otherwise, shall be deemed to be trust funds to be held and applied solely as provided for in this article. The board of county commissioners may, in a resolution authorizing the issuance of bonds, provide for the payment of the proceeds of the sale of the bonds to any officer or to any agency, bank or trust company which shall act as trustee of the funds and hold and apply the funds to the purposes of this article subject to such regulations as this article and the resolution may provide.

(Ord. No. 2015-52, § 2, 12-15-15; Ord. No. 2017-47, § 3, 10-10-17)

Editor's note

Ord. No. 2017-47, § 3, adopted October 10, 2017, renumbered § 18-78 as § 18-80 and amended it to read as set out herein.

                    
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