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Statutes > Kansas > Chapter68 > Article20 > Statutes_28699

68-2011

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 20.--TOLL ROADS OR TURNPIKES

68-2011. Trust funds; how held and applied.All moneys received pursuant to the authority of this act, whether asproceeds from the sale of bonds or as revenues, shall be deemed to be trustfunds to be held and applied solely as provided in this act. The resolutionauthorizing the bonds of any issue or the trust agreement securing suchbonds shall provide that any officer with whom, or any bank or trustcompany with which, such moneys shall be deposited shall act as trustees ofsuch moneys and shall hold and apply the same for the purposes hereof,subject to such regulations as this act and such resolution or trustagreement may provide.

History: L. 1953, ch. 308, § 11; April 7.

State Codes and Statutes

Statutes > Kansas > Chapter68 > Article20 > Statutes_28699

68-2011

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 20.--TOLL ROADS OR TURNPIKES

68-2011. Trust funds; how held and applied.All moneys received pursuant to the authority of this act, whether asproceeds from the sale of bonds or as revenues, shall be deemed to be trustfunds to be held and applied solely as provided in this act. The resolutionauthorizing the bonds of any issue or the trust agreement securing suchbonds shall provide that any officer with whom, or any bank or trustcompany with which, such moneys shall be deposited shall act as trustees ofsuch moneys and shall hold and apply the same for the purposes hereof,subject to such regulations as this act and such resolution or trustagreement may provide.

History: L. 1953, ch. 308, § 11; April 7.

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State Codes and Statutes

Statutes > Kansas > Chapter68 > Article20 > Statutes_28699

68-2011

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 20.--TOLL ROADS OR TURNPIKES

68-2011. Trust funds; how held and applied.All moneys received pursuant to the authority of this act, whether asproceeds from the sale of bonds or as revenues, shall be deemed to be trustfunds to be held and applied solely as provided in this act. The resolutionauthorizing the bonds of any issue or the trust agreement securing suchbonds shall provide that any officer with whom, or any bank or trustcompany with which, such moneys shall be deposited shall act as trustees ofsuch moneys and shall hold and apply the same for the purposes hereof,subject to such regulations as this act and such resolution or trustagreement may provide.

History: L. 1953, ch. 308, § 11; April 7.