Pennsylvania Statutes Title 53 P.S. Municipal and Quasi-Municipal Corporations § 12720.315. Other funds and accounts

(a) Authorization.--The authority shall create such other funds and accounts as may be necessary or desirable for its corporate purposes and shall pay into each such fund or account any moneys of the authority available for such purposes or any moneys made available by any other person for the purposes of such fund or account.  No other provision of this act shall be construed to prohibit the authority from creating within any fund one or more accounts which may be used or pledged by the authority for a special purpose.

(b) Use of fund money.--Any moneys deposited in any fund created by the authority to be used to pay debt service, including, without limitation, the bond payment account, any sinking fund or debt service reserve fund and all investments and proceeds of investments thereof shall, without further action or filing, be subjected to a perfected security interest for the obligees of the authority for whom such fund is held until such moneys or investments shall be properly disbursed in accordance with this act and with the terms of the contract of the authority with its obligees.