Official Code of Georgia Annotated

Title 12. CONSERVATION AND NATURAL RESOURCES · Chapter 3. PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION · Article 7. PUBLIC AUTHORITIES · Part 1. JEKYLL ISLAND—STATE PARK AUTHORITY

12-3-263. Revenue bonds — Payment of proceeds to trustee.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

The authority shall, in the resolution providing for 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, person, agency, bank, or trust company. The recipient so designated by the authority shall act as trustee of such funds and shall hold and apply the same to the purposes enumerated in this part, subject to such regulations as this part and such resolution or trust indenture may provide.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1950, p. 152, § 20; Ga. L. 1960, p. 89, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t12-(v10)-2021-pdf.pdf, Volume V10, 2021 edition, page 190; merge action: carried; file SHA-256 a1ca11f804f2.

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