Virginia Decodedhttps://vacode.org34886715.2-5611Moneys received deemed trust funds2026Counties, Cities and TownsOther Governmental EntitiesPublic Recreational Facilities Authorities Act

All moneys received pursuant to the provisions of this chapter, 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 chapter.

Code 1950, § 15-714.24; 1962, c. 393, § 12, § 15.1-1282; 1997, c. 587.