All moneys received pursuant to this article, whether as proceeds from the sale of bonds or as revenues, tolls, and earnings, shall be deemed trust funds to be held and applied solely as provided in this article; and the bondholders paying or entitled to receive the benefit of such funds shall have a lien on all such funds until applied as provided for in any resolution or trust indentures of the authority.
History. Ga. L. 1953, Jan.-Feb. Sess., p. 626, § 35; Ga. L. 1955, p. 124, § 36; Ga. L. 1967, p. 385, § 35; Code 1933, § 95A-1235, enacted by Ga. L. 1973, p. 947, § 1.
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