---
title: O.C.G.A. § 20-3-208. Pledge of and lien on revenues to secure bonds.
collection: code
id: 20-3-208
cite_as: O.C.G.A. § 20-3-208 (2025)
canonical_url: https://georgiacommons.org/code/20-3-208
md_url: https://georgiacommons.org/code/20-3-208.md
text_url: https://georgiacommons.org/code/20-3-208/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=141
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/20-3.md
previous: https://georgiacommons.org/code/20-3-207.md
next: https://georgiacommons.org/code/20-3-209.md
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 / POSTSECONDARY EDUCATION / PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY
---

# O.C.G.A. § 20-3-208. Pledge of and lien on revenues to secure bonds.

The revenues, rents, purchase payments, financing charges, or other earnings derived from any particular project may be pledged and allocated by the authority pursuant to appropriate resolution as security for any issue of revenue bonds; and such resolution may fully provide for such remedies of bondholders as may be deemed necessary or appropriate by the authority in connection with the issuance of the revenue bonds. A statutory lien on revenues received by the authority in connection with the financing of any project is created for the benefit of the holders of the revenue bonds of the authority issued for such project.

## History

Ga. L. 1978, p. 1765, § 8; repealed by Ga. L. 2019, p. 919, § 7-1/HB 553, effective July 1, 2019; reenacted by Ga. L. 2024, p. 120, § 3-1/HB 985, effective June 30, 2024.