Official Code of Georgia Annotated

Title 50. STATE GOVERNMENT · Chapter 9. GEORGIA BUILDING AUTHORITY · Article 2. REVENUE BONDS

50-9-41. Authority to provide for payment of proceeds to person or agency as 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 revenue 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 the same to the purposes hereof, subject to such regulations as this article and Article 1 of this chapter and the 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. 1951, p. 699, § 16.

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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, page 826; merge action: carried; file SHA-256 b1a50b0e3917.

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