1541 - Trust accounts. - Pennsylvania Statutes

SUBCHAPTER D ACCOUNTS, INDEBTEDNESS AND USE Sec. 1541. Trust accounts. 1542. Revolving loan program accounts. 1543. Indebtedness. 1544. Use. Cross References. Subchapter D is referred to in section 1513 of this title. § 1541. Trust accounts. The authority shall establish one or more trust accounts into which it shall deposit the proceeds of bonds authorized to be issued pursuant to section 1521 (relating to bonds issuance) to fund the programs established in Subchapter E (relating to programs) and any other moneys legally available for the purpose. Moneys held in an account established under this section may be pledged by the authority to secure payment of the bonds.