(110 ILCS 945/14)
(from Ch. 144, par. 1614)
Funds from sale of Bonds as trust funds - Application of funds.
All monies received by or on behalf of the Authority 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 monies shall be deposited
shall act as trustee of such monies and shall hold and apply the same for
the purposes hereof, subject to such regulations as this Act and the Bond
resolution authorizing the Bonds of any issue may provide.
(Source: P.A. 82-658.)