Volusia County |
Code of Ordinances |
Part III. SPECIAL ACTS |
Chapter 226. SOLID WASTE |
Article II. COLLECTION AND DISPOSAL SYSTEM |
§ 226-47. Deposit of monies of collection and disposal system.
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)