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New Jersey Statutes, Title: 26, HEALTH AND VITAL STATISTICS
Chapter 2I: Declaration of serious public emergency relative to health care facilities
Section: 26:2I-11: Moneys of authority; trust funds
All moneys received pursuant to the authority of this act, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this act. Any officer with whom, or any bank or trust company with which, such moneys shall be deposited 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 and the resolution authorizing the bonds of any issue or the trust agreement securing such bonds may provide.
L.1972, c. 29, s. 11.
This section added to the Rutgers Database: 2012-09-26 13:37:49.
Older versions of 26:2I-11 (if available):
Court decisions that cite this statute: