Trust Indenture
The Amended and Restated Trust Indenture (the Indenture) is an agreement between the Tollway and its bondholders that pledges the Tollway's revenues, moneys and securities in all funds and accounts to secure payment on the agency's bonds.
The Indenture establishes two funds, the Revenue Fund and Construction Fund; all revenues are deposited to the Revenue Fund, and proceeds from the issuance of revenue bonds are deposited to the Construction Fund. Within the Revenue Fund, the Indenture establishes the following: Maintenance and Operations, Debt Service, Renewal and Replacement, Improvement, and System Reserve as well as sub-accounts.
