Official Code of Georgia Annotated

Title 32. HIGHWAYS, BRIDGES, AND FERRIES · Chapter 10. PUBLIC AUTHORITIES · Article 1. GEORGIA HIGHWAY AUTHORITY · Part 2. REVENUE BONDS

32-10-41. Payment of bond proceeds to trustee.

Active

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

The authority shall, in the resolution providing for issuance of 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 such funds as provided in this article, subject to such regulations as this article and such resolution or trust indenture may provide.

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, § 25; Ga. L. 1955, p. 124, § 26; Ga. L. 1967, p. 385, § 25; Code 1933, § 95A-1225, enacted by Ga. L. 1973, p. 947, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

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 432; merge action: carried; file SHA-256 04a286a38b4e.