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

O.C.G.A. § 20-2-576 (2019)

Moneys received deemed trust funds

✓ 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 this part, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues, rents, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this part.

History

Ga. L. 1951, p. 241, § 26.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. 63C Am. Jur. 2d, Public Funds, §§ 2, 5, 6, 42.

C.J.S. 78A C.J.S., Schools and School Districts, § 729.