Md. Code, Education § 19-106
This is the official text of Md. Code, Education § 19-106, part of Maryland’s Code, Education — governs public schools and universities in Maryland.
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§19–106.
Official statutory text
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.
Status: in_force · Read it on the official government site
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