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 article, subject to such regulations as this article and such resolution or trust indenture may provide.
History. Ga. L. 1949, p. 1009, § 16.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 5 - Georgia Education Authority (University)
§ 20-3-153. Powers of the Authority
§ 20-3-154. Authority to Issue Revenue Bonds; Terms
§ 20-3-155. Form of Bonds; Denominations; Place of Payment; Registration
§ 20-3-156. Signing, Sealing, and Attesting Bonds
§ 20-3-157. Bonds Negotiable; Exemption of Bonds From Taxation
§ 20-3-158. Manner of Sale and Price of Bonds; Assistance by Georgia Building Authority
§ 20-3-159. Use of Bond Proceeds; Additional Bonds
§ 20-3-160. Issuance of Interim Receipts or Certificates or Temporary Bonds
§ 20-3-161. Replacement of Mutilated, Destroyed, or Lost Bonds
§ 20-3-163. Credit of State Not Pledged
§ 20-3-165. Trustee for Bond Proceeds
§ 20-3-167. Remedies of Bondholders, Receivers, or Indenture Trustees
§ 20-3-169. Bonds Legal Investments or Security Deposits
§ 20-3-170. Tax Exemption of Authority’s Property, Activities, Charges, and Bonds
§ 20-3-171. Procedure for Validating Bonds
§ 20-3-172. Venue and Jurisdiction of Actions to Enforce Rights or Validate Bonds
§ 20-3-173. Interests of Bondholders Protected
§ 20-3-174. Acceptance of Grants and Contributions From Federal and Other Sources
§ 20-3-175. Moneys Received Deemed Trust Funds
§ 20-3-176. Fixing, Collecting, and Assigning Rentals and Charges for Use of Projects
§ 20-3-177. Rules and Regulations for Operation of Projects
§ 20-3-179. Power of Regents to Issue Revenue Bonds Not Affected