O.C.G.A.

O.C.G.A. § 20-3-211 (2019)

Disposition of moneys received by authority

✓ 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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(a) All moneys received by the authority pursuant to this article, whether as grants or other contributions or as revenues, rents, or earnings, shall be held and applied to the expenses, outstanding bond obligations, and other obligations of the authority.

(b) In the event this authority shall be dissolved, all authority money remaining after the payment of the authority’s obligations or provisions for payment thereof shall accrue to the state.

History

(Ga. L. 1978, p. 1765, § 13; Ga. L. 1981, p. 1331, § 5; Ga. L. 1987, p. 353, § 2.)

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 63C Am. Jur. 2d, Public Funds, §§ 2, 33 et seq. C.J.S. - 81A C.J.S., States, § 269.