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January 07, 2026 Clouds | 33°F
The 194th General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title VII CITIES, TOWNS AND DISTRICTS
  4. Chapter 40N MODEL WATER AND SEWER COMMISSION
  5. Section 15 Moneys received deemed to be trust funds

Section 15

Section 15: Moneys received deemed to be trust funds

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.