Official Code of Georgia Annotated

Title 50. STATE GOVERNMENT · Chapter 9. GEORGIA BUILDING AUTHORITY · Article 1. GENERAL PROVISIONS

50-9-12. Moneys received deemed trust funds.

Active

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

All moneys received pursuant to the authority of this article and Article 2 of this chapter, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues, rents, and earnings, shall be deemed trust funds to be held and applied solely as provided in this article and Article 2 of this chapter.

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. 1951, p. 699, § 26.

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

Text read from t49-t50-ch1-12-(v38)-2023-pdf.pdf, Volume V38, 2023 edition, pages 817 to 818; merge action: carried; file SHA-256 b1a50b0e3917.

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