---
title: O.C.G.A. § 20-3-165. Trustee for bond proceeds.
collection: code
id: 20-3-165
cite_as: O.C.G.A. § 20-3-165 (2025)
canonical_url: https://georgiacommons.org/code/20-3-165
md_url: https://georgiacommons.org/code/20-3-165.md
text_url: https://georgiacommons.org/code/20-3-165/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=121
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 Session of the General Assembly of Georgia
heading_path: EDUCATION / POSTSECONDARY EDUCATION / GEORGIA EDUCATION AUTHORITY (UNIVERSITY)
---

# O.C.G.A. § 20-3-165. Trustee for bond proceeds.

The authority shall 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, or any agency, bank, or trust company which, shall act as trustee of such funds and shall hold and apply them to the purposes of this article, subject to such regulations as this article and such resolution or trust indenture may provide.

## History

Ga. L. 1949, p. 1009, § 16.