---
title: O.C.G.A. § 46-4-97. Not for profit operation.
collection: code
id: 46-4-97
cite_as: O.C.G.A. § 46-4-97 (2025)
canonical_url: https://georgiacommons.org/code/46-4-97
md_url: https://georgiacommons.org/code/46-4-97.md
text_url: https://georgiacommons.org/code/46-4-97/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=421
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/46-4.md
previous: https://georgiacommons.org/code/46-4-96.md
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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 / DISTRIBUTION, STORAGE, AND SALE OF GAS / MUNICIPAL GAS AUTHORITY OF GEORGIA
---

# O.C.G.A. § 46-4-97. Not for profit operation.

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 the principal or purchase price of and premium, if any, and interest on bonds and all other indebtedness and contractual obligations of the authority; to provide for maintenance and operation of the authority and of its projects; to provide for payment of any judgment against the authority; 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 other obligations; and for the improvement, replacement, or expansion of the facilities or services of the authority or to provide fuel for its projects.

## History

Code 1981, § 46-4-97, enacted by Ga. L. 1987, p. 745, § 1.