---
title: O.C.G.A. § 20-16-15. Funds received pursuant to this chapter to be held in trust.
collection: code
id: 20-16-15
cite_as: O.C.G.A. § 20-16-15 (2025)
canonical_url: https://georgiacommons.org/code/20-16-15
md_url: https://georgiacommons.org/code/20-16-15.md
text_url: https://georgiacommons.org/code/20-16-15/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=625
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/20-16.md
previous: https://georgiacommons.org/code/20-16-14.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 Session of the General Assembly of Georgia
heading_path: EDUCATION / GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY
---

# O.C.G.A. § 20-16-15. Funds received pursuant to this chapter to be held in trust.

All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues, rents, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this chapter.

## History

Code 1981, § 20-16-15, enacted by Ga. L. 2006, p. 783, § 1/SB 562.