Georgia Statutes
§ 32-10-14 — Designation of moneys received pursuant to article as trust funds
Georgia·Title 32
All moneys received pursuant to this article, whether as proceeds from the sale of bonds or as revenues, tolls, and earnings, shall be deemed trust funds to be held and applied solely as provided in this article; and the bondholders paying or entitled to receive the benefit of such funds shall have a lien on all such funds until applied as provided for in any resolution or trust indentures of the authority.
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Nearby Sections
15
§ 32-1-1
Short title§ 32-1-10
Penalty§ 32-1-11
Construction of title§ 32-1-2
Purpose and legislative intent§ 32-1-3
Definitions§ 32-10-1
Definitions§ 32-10-100
Trust indenture as security for bonds§ 32-10-101
Payment of bond proceeds to trustee