Georgia Code
Article 5 - Georgia Education Authority (University)
§ 20-3-169. Bonds Legal Investments or Security Deposits

The bonds authorized in this article are made securities in which all public officers and bodies of this state and all municipalities and all municipal subdivisions; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business; all administrators, guardians, executors, trustees, and other fiduciaries; and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state may properly and legally invest funds including capital in their control or belonging to them. The bonds are also made securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and municipal subdivisions for any purpose for which the deposit of the bonds or other obligations of this state is authorized.
History. Ga. L. 1949, p. 1009, § 20.

Structure Georgia Code

Georgia Code

Title 20 - Education

Chapter 3 - Postsecondary Education

Article 5 - Georgia Education Authority (University)

§ 20-3-150. Short Title

§ 20-3-151. Definitions

§ 20-3-152. Creation; Members, Officers, and Staff; Quorum; Procedural Rules and Regulations; Assignment to Department of Administrative Services

§ 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

§ 20-3-162. Compliance With Article Sufficient for Issuance of Bonds; Single Issue for One or More Projects; Adoption of Bond Resolution

§ 20-3-163. Credit of State Not Pledged

§ 20-3-164. Trust Indentures to Secure Bonds; Contents of Indentures or Bond Resolutions; Expenses of Carrying Out Indentures

§ 20-3-165. Trustee for Bond Proceeds

§ 20-3-166. Sinking Fund

§ 20-3-167. Remedies of Bondholders, Receivers, or Indenture Trustees

§ 20-3-168. Refunding Bonds

§ 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

§ 20-3-178. Accounts; Audits

§ 20-3-179. Power of Regents to Issue Revenue Bonds Not Affected

§ 20-3-180. Article Provides Additional Method and Powers

§ 20-3-181. Article to Be Liberally Construed