All revenues in excess of all obligations of the authority, of every nature, which are not otherwise pledged or restricted as to disposition and use by the terms of any trust indenture entered into by the authority for the security of bonds issued under this article, together with all receipts and gifts of every kind and nature whatsoever, shall be and become the authority fund. The authority, in its discretion, shall pledge or utilize the authority fund for any one or more of the following purposes:
History. Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 12; Ga. L. 1955, p. 124, § 14; Ga. L. 1961, p. 3, § 10; Ga. L. 1967, p. 385, § 12; Code 1933, § 95A-1213, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 1991, p. 94, § 32.
Structure Georgia Code
Title 32 - Highways, Bridges, and Ferries
Chapter 10 - Public Authorities
Article 1 - Georgia Highway Authority
§ 32-10-3. Members; Compensation; Officers; Quorum; Record of Proceedings
§ 32-10-4. Powers of Authority Generally
§ 32-10-5. Conveyance of Property to Authority
§ 32-10-7. Letting of Construction Contracts by Competitive Bids
§ 32-10-8. Initiation of Projects; Preliminary Expenses; Selection of Projects
§ 32-10-9. Leasing of Projects
§ 32-10-11. Cessation of Rentals; Transfer of Projects
§ 32-10-13. Composition of Authority’s Fund; Purposes for Which Fund May Be Pledged or Utilized
§ 32-10-14. Designation of Moneys Received Pursuant to Article as Trust Funds