O.C.G.A.
O.C.G.A.

O.C.G.A. § 10-9-13 (2019)

Moneys received considered trust funds; exception

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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All moneys received pursuant to the authority of this chapter, whether as grants, contributions, or gifts or as revenues, rents, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this chapter, except that grants, contributions, or gifts, the terms or conditions of which require that the proceeds thereof be held separately in trust, shall be held in the manner and applied solely for the purposes specified.

History

Ga. L. 1974, p. 174, § 10; Code 1981, § 10-9-9; Code 1981, § 10-9-13, enacted

by Ga. L. 1982, p. 1122, § 1; Ga. L. 1994, p. 421, § 3.