§ 32420 Government Securities Trust Fund

• •This law talks about a special fund called a 'trust fund'.
• •The 'trust fund' here means a fund made up of government-guaranteed securities.
• •This fund belongs to a corporation.

Imagine a big company has a piggy bank where they keep special papers that the government promises are safe.

This law is saying that when they talk about a 'trust fund', they mean that piggy bank with the special government papers.