§ 226-47. Deposit of monies of collection and disposal system.  


Latest version.
  • That the monies of the county derived from such waste collection and disposal system, after bonds have been issued pursuant to this act [article], shall be deposited in one or more banks or trust companies in a special account or accounts and shall constitute trust funds to be administered solely in accordance with the provisions of the resolution or resolutions authorizing bonds pursuant to this act [article], and any holder or holders of bonds issued pursuant to this act [article], or the coupons appertaining thereto, shall have a lien on said trust funds to the extent and in the manner provided in the resolution or resolutions authorizing the issuance of such bonds.

(Laws of Fla. ch. 65-2357, § 17)