Official Code of Georgia Annotated

Title 32. HIGHWAYS, BRIDGES, AND FERRIES · Chapter 10. PUBLIC AUTHORITIES · Article 1. GEORGIA HIGHWAY AUTHORITY · Part 1. GENERAL PROVISIONS

32-10-14. Designation of moneys received pursuant to article as trust funds.

Active

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

All moneys received pursuant to this article, whether as proceeds from the sale of bonds or as revenues, tolls, and earnings, shall be deemed trust funds to be held and applied solely as provided in this article; and the bondholders paying or entitled to receive the benefit of such funds shall have a lien on all such funds until applied as provided for in any resolution or trust indentures of the authority.

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. 1953, Jan.-Feb. Sess., p. 626, § 35; Ga. L. 1955, p. 124, § 36; Ga. L. 1967, p. 385, § 35; Code 1933, § 95A-1235, enacted by Ga. L. 1973, p. 947, § 1.

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

Text read from t32-(v23a)-2019-pdf.pdf, Volume V23A, 2019 edition, page 426; merge action: carried; file SHA-256 04a286a38b4e.