§ 19-106. Money deemed as trust funds
West's Annotated Code of MarylandEducation
MD Code, Education, § 19-106
§ 19-106. Money deemed as trust funds
All money received by a system as proceeds from the sale of bonds authorized by this title and all money received by a system by way of auxiliary facilities fees or academic fees which are assigned or pledged as security for the bonds shall be deemed to be trust funds to be held and applied as provided by the provisions of this title.
Credits
Added by Acts 1988, c. 246, § 2, eff. July 1, 1988. Amended by Acts 1989, c. 93, § 1, eff. July 1, 1989.
MD Code, Education, § 19-106, MD EDUC § 19-106
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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