All moneys received pursuant to the authority 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 to be trust funds to be held and applied solely as provided in this chapter.
History. Code 1981, § 20-16-15 , enacted by Ga. L. 2006, p. 783, § 1/SB 562.
Structure Georgia Code
Chapter 16 - Georgia Higher Education Facilities Authority
§ 20-16-2. Definitions; “Self-Liquidating” Projects
§ 20-16-9. Timing of Issuance of Revenue Bonds
§ 20-16-10. Bonds Do Not Create a Debt of the State; Recitals on Face of Bonds
§ 20-16-11. Investment in Bonds by Public Officers and Public Bodies
§ 20-16-12. Bonds and Income Therefrom Exempt From Taxation
§ 20-16-13. Attorney General to Provide Legal Services for the Authority; Accountability
§ 20-16-15. Funds Received Pursuant to This Chapter to Be Held in Trust
§ 20-16-16. Additional and Alternative Method
§ 20-16-17. Liberal Construction of Chapter
§ 20-16-18. Creation of Georgia Higher Education Facilities Authority Committee