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O.C.G.A. § 50-9-12 — Moneys received deemed trust funds | Georgia Code

O.C.G.A. § 50-9-12 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 50 STATE GOVERNMENT

Section 9. Georgia Building Authority, 50-9-1 through 50-9-111.

ARTICLE 1 GENERAL PROVISIONS

50-9-12. Moneys received deemed trust funds.

All moneys received pursuant to the authority of this article and Article 2 of this chapter, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues, rents, and earnings, shall be deemed trust funds to be held and applied solely as provided in this article and Article 2 of this chapter.

(Ga. L. 1951, p. 699, § 26.)

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