2010 Georgia Code 12-3-327 Case Law
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One Click Case Law for § 12-3-327
O.C.G.A. § 12-3-326 <-- --> O.C.G.A. §12-3-328



2010 Georgia Code

TITLE 12 - CONSERVATION AND NATURAL RESOURCES

CHAPTER 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION
ARTICLE 7 - PUBLIC AUTHORITIES
PART 3 - LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY
§ 12-3-327 - Revenue bonds -- Manner of sale; determination of price; use and manner of disbursement of proceeds

O.C.G.A. 12-3-327 (2010)
12-3-327. Revenue bonds -- Manner of sale; determination of price; use and manner of disbursement of proceeds


(a) The authority may sell bonds in such manner and for such price as it may determine to be for the best interests of the authority.

(b) The proceeds of bonds shall be used solely for the payment of the cost of project and shall be disbursed upon requisition or order of the chairman or vice-chairman of the authority under such restrictions, if any, as provided by the resolution authorizing the issuance of the bonds or by the trust indenture mentioned in Code Section 12-3-332.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com