Ohio Code § 6119.151

§ 6119.151.

All moneys, funds, properties, and assets acquired by a regional water and sewer district

under Chapter 6119. of the Revised Code, whether as proceeds from the sale of water

resource revenue bonds or as revenues, or otherwise, shall be held by it in trust

for the purposes of carrying out its powers and duties, shall be used and reused as

provided in such sections, and shall at no time be part of other public funds.  Such funds, except as otherwise provided in any resolution authorizing its water

resource revenue bonds or in any trust agreement securing the same, or except when

invested pursuant to section 6119.16 of the Revised Code , shall be kept in depositories as selected by the district in the manner provided

in section 135.12 of the Revised Code , and the deposits shall be secured as provided in section 135.18 of the Revised Code .  The resolution authorizing the issuance of such bonds of any issue or the trust

agreement securing such bonds shall provide that any officer to whom, or any bank

or trust company to which, such moneys are paid shall act as trustee of such moneys

and hold and apply them for the purposes thereof, subject to such conditions as Chapter

6119. of the Revised Code and such resolutions or trust agreement provide.