Idaho State Statutes - Idaho Attorney Directory

All moneys received pursuant to the authority of
this act whether as proceeds from the sale of bonds, notes or other
obligations or as revenues or receipts shall be deemed to be trust funds to be
held and applied solely as provided in this act. 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 the same for the purposes of
this act, subject to such regulations as this act and the resolution
authorizing the bonds, notes or other obligations of any issue or the trust
agreement securing such obligations shall provide.

Click here to visit the Official Idaho State Statutes