GroundRules
O.C.G.A. § 12-3-327: Revenue bonds — Manner of sale; determination of price; use and manner of disbursement of proceeds.
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 3 Lake Lanier Islands Development Authority
(a) The authority may sell bonds in such manner and for such price as it may determine to be for the best interests of the authority.
(b) The proceeds of bonds shall be used solely for the payment of the cost of project and shall be disbursed upon requisition or order of the chairman or vice-chairman of the authority under such restrictions, if any, as provided by the resolution authorizing the issuance of the bonds or by the trust indenture mentioned in Code Section 12-3-332.
Collected 2026-09-17T19:34:57Z. Source file · JSON