§ 2-205. Moneys received considered trust funds.  


Latest version.
  • All moneys received pursuant to the authority of this division, whether as proceeds from the sale of revenue bonds, interim receipts and certificates or temporary bonds, as grants or other contributions, or as revenues, income, fees and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this division and in accordance with the proceedings authorizing the issuance of such bonds.

(1981 Ga. Laws (Act No. 667), page 4350, § 3)