Official Code of Georgia Annotated

Title 12. CONSERVATION AND NATURAL RESOURCES · Chapter 3. PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION · Article 7. PUBLIC AUTHORITIES · Part 3. LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY

12-3-327. Revenue bonds — Manner of sale; determination of price; use and manner of disbursement of proceeds.

Active

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

(a)
The authority may sell bonds in such manner and for such price as it may determine to be for the best interests of the authority.#
(b)
The proceeds of bonds shall be used solely for the payment of the cost of project and shall be disbursed upon requisition or order of the chairman or vice-chairman of the authority under such restrictions, if any, as provided by the resolution authorizing the issuance of the bonds or by the trust indenture mentioned in Code Section 12-3-332.#

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. 1969, p. 397, § 2.

Read the official page (the state's PDF, opened at the page this text was read from).

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 226; merge action: carried; file SHA-256 a1ca11f804f2.