Regulations of Connecticut State Agencies
All moneys received by CHFA, whether as proceeds of the sale of its bonds, as revenues, or otherwise, shall be deemed to be trust funds to be held and applied solely as provided by law.
Any officer with whom or any bank or trust company with which such moneys shall be deposited shall act as trustee of such moneys and shall hold and apply them for the public purposes of CHFA subject to the provisions of any relevant resolution authorizing the sale of revenue bonds or of any relevant trust agreement.
(Effective November 3, 1981)