# Mass. Gen. Laws ch. 6C, sec. 8: Money received to be held as trust funds

> Massachusetts · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S8

## Section

- **Citation:** Mass. Gen. Laws ch. 6C, sec. 8
- **Heading:** Money received to be held as trust funds
- **Jurisdiction:** Massachusetts
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MA Code / Part I / Title II / Chapter 6C / Section 8

## Text

Section 8. All moneys received pursuant to this chapter, whether as proceeds from the issue of refunding bonds or as revenues or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. The resolution authorizing the refunding bonds or the trust agreement securing such notes or bonds shall provide that 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 hereof, subject to such regulations as this chapter and such resolution or trust agreement may provide.

Section 8. All moneys received pursuant to this chapter, whether as proceeds from the issue of refunding bonds or as revenues or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. The resolution authorizing the refunding bonds or the trust agreement securing such notes or bonds shall provide that 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 hereof, subject to such regulations as this chapter and such resolution or trust agreement may provide.

## Nearby sections

- [Mass. Gen. Laws ch. 6C, sec. 1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S1.md)
- [Mass. Gen. Laws ch. 6C, sec. 2 Creation; board of directors; officers and employees](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S2.md)
- [Mass. Gen. Laws ch. 6C, sec. 3 Powers](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S3.md)
- [Mass. Gen. Laws ch. 6C, sec. 4 Massachusetts Transportation Trust Fund](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S4.md)
- [Mass. Gen. Laws ch. 6C, sec. 5 Organization and function as a single state agency for administrative purposes; reporting requirements](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S5.md)
- [Mass. Gen. Laws ch. 6C, sec. 6 Office of performance management and innovation; duties](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S6.md)
- [Mass. Gen. Laws ch. 6C, sec. 6A Office of performance management and innovation; goals](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S6A.md)
- [Mass. Gen. Laws ch. 6C, sec. 7 Employee performance evaluation program](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S7.md)
- [Mass. Gen. Laws ch. 6C, sec. 8 Money received to be held as trust funds](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S8.md)
- [Mass. Gen. Laws ch. 6C, sec. 9 Internal special audit unit](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S9.md)
- [Mass. Gen. Laws ch. 6C, sec. 10 Office of transportation planning](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S10.md)
- [Mass. Gen. Laws ch. 6C, sec. 11 Publication of comprehensive state transportation plan; report on plan compliance; equitable capital expenditures](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S11.md)
- [Mass. Gen. Laws ch. 6C, sec. 11A Project selection advisory council](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S11A.md)
- [Mass. Gen. Laws ch. 6C, sec. 12 Integrated asset management system](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S12.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TII_C6C_S8. Check the current official text before relying on it. Not legal advice.