---
title: O.C.G.A. § 46-4-119. Revenues held in trust for bondholders.
collection: code
id: 46-4-119
cite_as: O.C.G.A. § 46-4-119 (2025)
canonical_url: https://georgiacommons.org/code/46-4-119
md_url: https://georgiacommons.org/code/46-4-119.md
text_url: https://georgiacommons.org/code/46-4-119/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=442
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: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / DISTRIBUTION, STORAGE, AND SALE OF GAS / MUNICIPAL GAS AUTHORITY OF GEORGIA
---

# O.C.G.A. § 46-4-119. Revenues held in trust for bondholders.

All funds received pursuant to authority of this article, whether as proceeds from the sale of revenue bonds or as revenues, fees, tolls, charges, or other earnings or as gifts, grants, or other contributions, shall be deemed to be trust funds to be held and applied solely as provided in this article. The bond owners entitled to receive the benefits of such funds shall have a lien on all such funds until applied as provided in any such resolution, trust agreement, or indenture of the authority.

## History

Code 1981, § 46-4-119, enacted by Ga. L. 1987, p. 745, § 1.