---
title: O.C.G.A. § 46-3-127. Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority.
collection: code
id: 46-3-127
cite_as: O.C.G.A. § 46-3-127 (2025)
canonical_url: https://georgiacommons.org/code/46-3-127
md_url: https://georgiacommons.org/code/46-3-127.md
text_url: https://georgiacommons.org/code/46-3-127/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=215
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/46-3.md
previous: https://georgiacommons.org/code/46-3-126.md
next: https://georgiacommons.org/code/46-3-128.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: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / ELECTRICAL SERVICE / MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA
---

# O.C.G.A. § 46-3-127. Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority.

The authority shall not operate or construct any project for profit except insofar as any such profit will inure to the benefit of the public. The authority shall fix the rates, fees, and charges consistent with this declaration of policy such as will produce revenues only in amounts sufficient, together with all other funds of the authority, to pay principal and interest on bonds and obligations of the authority, to provide for maintenance and operation of the authority and of its projects, and to maintain such reserves as shall have been created in amounts sufficient in the judgment of the authority for the security of the bonds and for the improvement, replacement, or expansion of the facilities or services of the authority or to provide fuel for its generating projects.

## History

Ga. L. 1975, p. 107, § 12.