---
title: O.C.G.A. § 12-3-327. Revenue bonds — Manner of sale; determination of price; use and manner of disbursement of proceeds.
collection: code
id: 12-3-327
cite_as: O.C.G.A. § 12-3-327 (2025)
canonical_url: https://georgiacommons.org/code/12-3-327
md_url: https://georgiacommons.org/code/12-3-327.md
text_url: https://georgiacommons.org/code/12-3-327/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t12-(v10)-2021-pdf.pdf?sfvrsn=67595359_0#page=226
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.
up: https://georgiacommons.org/code/12-3.md
previous: https://georgiacommons.org/code/12-3-326.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CONSERVATION AND NATURAL RESOURCES / PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION / PUBLIC AUTHORITIES / LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY
---

# O.C.G.A. § 12-3-327. Revenue bonds — Manner of sale; determination of price; use and manner of disbursement of proceeds.

(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.

## History

Ga. L. 1969, p. 397, § 2.