§ 20-3-175. Moneys Received Deemed Trust Funds
All moneys received pursuant to the authority of this article, whether as proceeds from the sale of revenue bonds; as grants or other contributions; or as revenues, rents, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this article. History. Ga. L. 1949, p. 1009, § […]
§ 20-3-176. Fixing, Collecting, and Assigning Rentals and Charges for Use of Projects
The authority is authorized to fix rentals and other charges which the board of regents shall pay to the authority for the use of each project or part thereof or combination of projects, to charge and collect them, and to lease and make contracts with political subdivisions and agencies and with the board with respect […]
§ 20-3-177. Rules and Regulations for Operation of Projects
It shall be the duty of the authority to prescribe rules and regulations for the operation of each project or combination of projects constructed under this article, including rules and regulations to ensure maximum use or occupancy of each such project. History. Ga. L. 1949, p. 1009, § 28.
§ 20-3-178. Accounts; Audits
The accounts of the authority created in this article shall be kept as separate and distinct accounts by the treasurer of the board of regents and shall be subject to audit by the Department of Audits and Accounts. History. Ga. L. 1949, p. 1009, § 32.
§ 20-3-179. Power of Regents to Issue Revenue Bonds Not Affected
This article does not in any way take from the board of regents the authority to issue revenue bonds for a particular purpose. History. Ga. L. 1949, p. 1009, § 33.
§ 20-3-180. Article Provides Additional Method and Powers
This article shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing. History. Ga. L. 1949, p. 1009, § 29.
§ 20-3-181. Article to Be Liberally Construed
This article, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes. History. Ga. L. 1949, p. 1009, § 30.
§ 20-3-173. Interests of Bondholders Protected
While any of the bonds issued by the authority remain outstanding, the power, duties, or existence of the authority or of its officers, employees, or agents or of the board of regents or of any other state agency or department shall not be diminished or impaired in any manner that will affect adversely the interests […]
§ 20-3-174. Acceptance of Grants and Contributions From Federal and Other Sources
The authority, in addition to the moneys which may be received from the sale of revenue bonds and from the collection of revenues, rents, and earnings derived under this article, shall have authority to accept from any federal agency grants for or in aid of the construction of any project or for the payment of […]
§ 20-3-159. Use of Bond Proceeds; Additional Bonds
The proceeds of revenue bonds issued under this article shall be used solely for the payment of the cost of the project or combined project and shall be disbursed upon requisition or order of the chairman of the authority under such restrictions, if any, as the resolution authorizing the issuance of the bonds or the […]