§ 230-79. Disposition of revenue.

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All moneys received pursuant to the authority of this act [article] shall be deemed to be trust funds, to be held and applied solely as provided in this act [article]. Any resolution authorizing the issuance of bonds shall provide that any officer to whom, or any bank, trust company or other fiscal agent to which, such moneys shall be paid shall act as trustee of such moneys and shall hold and apply the same for the purposes hereof, subject to such regulations as this act [article] and such resolution may provide.

(Laws of Fla. ch. 31343 (1955), § 9)

                    
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