TITLE 32 HIGHWAYS, BRIDGES, AND FERRIES

Section 10. Public Authorities, 32-10-1 through 32-10-133.

ARTICLE 1 GEORGIA HIGHWAY AUTHORITY

32-10-14. Designation of moneys received pursuant to article as trust funds.

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.

(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.)