---
title: O.C.G.A. § 10-9-53. Payment of sale proceeds to trustee.
collection: code
id: 10-9-53
cite_as: O.C.G.A. § 10-9-53 (2025)
canonical_url: https://georgiacommons.org/code/10-9-53
md_url: https://georgiacommons.org/code/10-9-53.md
text_url: https://georgiacommons.org/code/10-9-53/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=1278
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / GEO. L. SMITH II GEORGIA WORLD CONGRESS CENTER / REVENUE BONDS
---

# O.C.G.A. § 10-9-53. Payment of sale proceeds to trustee.

The authority may, in the resolution providing for the issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds to any officer or person who shall act as trustee or any agency, bank, or trust company or to the Georgia State Financing and Investment Commission acting under contract with the authority, which officer, person, bank, trust company, or agency shall act as trustee of such funds and shall hold and apply the same to the purposes set forth in or through this article, subject to such regulations as this article and Article 1 of this chapter, or as the resolution or trust indenture, may provide.

## History

Code 1981, § 10-9-53, enacted by Ga. L. 1988, p. 556, § 4; Ga. L. 1989, p. 1195, § 10; Ga. L. 2017, p. 774, § 10/HB 323.