§ 252-118. Monies of solid waste disposal system.  


Latest version.
  • The monies of the county derived from such solid waste disposal system after bonds or other obligations have been issued pursuant to this article may be deposited in such account or accounts in any county depository as the county may deem desirable, except that such funds shall constitute trust funds to be administered solely in accordance with the provisions of the resolution or resolutions authorizing bonds or other obligations pursuant to this article, and any holder or holders of bonds or other obligations issued pursuant to this article, or the coupons appertaining thereto, shall have a lien on said trust funds to the extent and in the manner provided in the resolution or resolutions authorizing the issuance of such bonds or other obligations. The county shall maintain a separate accounting record for such funds. Nothing herein contained shall in any way prohibit the county from depositing said funds or commingling the same with other funds in savings accounts, and any interest derived therefrom shall inure to the benefit of the county free and clear of any trust imposed hereby.

(Laws of Fla. ch. 67-1146, § 17)