GroundRules
O.C.G.A. § 12-3-263: Revenue bonds — Payment of proceeds to trustee.
Where this section sits in the code
- TITLE 12 Conservation And Natural Resources
- CHAPTER 3 Parks, Historic Areas, Memorials, and Recreation
- Article 7 Public Authorities
- PART 1 Jekyll Island—State Park Authority
The authority shall, in the resolution providing for issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds to any officer, person, agency, bank, or trust company. The recipient so designated by the authority shall act as trustee of such funds and shall hold and apply the same to the purposes enumerated in this part, subject to such regulations as this part and such resolution or trust indenture may provide.
Collected 2026-09-17T19:34:57Z. Source file · JSON