Mass. Gen. Laws ch. 40N, § 15
Moneys received deemed to be trust funds
Massachusetts · Massachusetts General Laws Chapter 40N — Model Water and Sewer Commission · Status: effective
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- Mass. Gen. Laws ch. 40N, § 15, Moneys received deemed to be trust funds, Massachusetts, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1543733
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Section 15. All moneys received pursuant to the provisions of this chapter, whether as proceeds from the issue of bonds or as revenues or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter.