Trustee for Government and Holders of Bonds

(a)The government or any agent designated by the government shall act as trustee for the government and the holders of bonds issued hereunder and the government may authorize the trustee to act on behalf of the holders of the bonds or any stated percentage thereof and to exercise and prosecute on behalf of the holders of the bonds such rights and remedies as may be available to the holders.

(b)The government may provide in an indenture:

(1)for the deposit of all or any portion of the pledged revenue with the government and for the holding thereof by the government in one

(1)or more separate funds or accounts in the Solid Waste Operations Fund; and

(2)for the transfer to the trustee of all or any portion of the pledged revenue as are provided as security for the bonds and for the holding thereof by the trustee in one

(1)or more separate funds or accounts. All money in each such fund or account shall be disbursed only as provided herein and in the indenture.