§ 45-33.2-13. Trust funds. All project revenues received pursuant to the provisions of this chapter which have been pledged as security, including, without limiting the generality of the preceding, security for the repayment of bonds issued pursuant to § 45-33.2-6, are deemed to be trust funds to be held and applied solely as provided in this chapter. Project revenues received pursuant to the provisions of this chapter which have not been pledged as security may be used in any manner consistent with the project plan, as well as, with respect to the tax increment portion of the plan, § 45-33.2-3(7).
History of Section. (P.L. 1984, ch. 78, § 1; P.L. 1992, ch. 424, § 1.)
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