The authority shall, in the resolution providing for the 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 them to the purposes of this part, subject to such regulations as this part and such resolution or trust indenture may provide.
History. Ga. L. 1951, p. 241, § 16.
Structure Georgia Code
Chapter 2 - Elementary and Secondary Education
Article 11 - Public School Property and Facilities
Part 3 - Georgia Education Authority (Schools)
§ 20-2-551. Definitions; When Project Deemed Self-Liquidating
§ 20-2-553. Powers of Authority
§ 20-2-555. Authority to Issue Revenue Bonds; Terms
§ 20-2-556. Form of Bonds; Denominations; Place of Payment; Registration
§ 20-2-557. Signing, Sealing, and Attesting Bonds
§ 20-2-559. Manner of Sale and Price of Bonds
§ 20-2-560. Use of Bond Proceeds; Additional Bonds
§ 20-2-561. Issuance of Interim Receipts or Certificates or Temporary Bonds
§ 20-2-562. Replacement of Mutilated, Destroyed, or Lost Bonds
§ 20-2-566. Trustee for Bond Proceeds
§ 20-2-568. Remedies of Bondholders, Receivers, or Indenture Trustees
§ 20-2-570. Bonds Legal Investments; Depositing Bonds
§ 20-2-571. Tax Exemption of Authority’s Property, Activities, Charges, and Bonds
§ 20-2-572. Procedure for Validating Bonds
§ 20-2-573. Venue and Jurisdiction of Actions to Enforce Rights or Validate Bonds
§ 20-2-574. Interests of Bondholders Protected
§ 20-2-575. Acceptance of Grants and Contributions From Federal and Other Sources
§ 20-2-576. Moneys Received Deemed Trust Funds
§ 20-2-577. Fixing Rentals, Installment Payments, and Charges for Use of Projects
§ 20-2-579. Rules and Regulations for Operation of Projects
§ 20-2-580. Power to Issue Revenue Bonds Not Affected