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38 chapters · 1,009 sections in this title.
O.C.G.A. § 50-34-1 Short title
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(a) This chapter shall be known and may be cited as the ‘‘OneGeorgia Authority Act.’’ (b) The General Assembly finds that: (1) Despite the overall prosperity of the State of Georgia, the economic prosperity and development of rural Georgia has lagged behind that of the urban areas…
O.C.G.A. § 50-34-10 Payment of bond proceeds
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(a) All or any part of the gross or net revenues and earnings derived from any particular loan or loans and any and all revenues, earnings, and funds received by the authority, regardless of whether such revenues and earnings were produced by a particular loan or loans for which …
O.C.G.A. § 50-34-11 Power to secure issuance of bonds by trust agreement or indenture
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(a) Any issue of bonds may be secured by a trust agreement or indenture made by the authority with a corporate trustee, which may be any trust company or bank having the power of a trust company inside or outside this state. Such trust agreement or indenture may pledge or assign …
O.C.G.A. § 50-34-12 All moneys received deemed to be trust funds; pledge of assets, funds, and properties for payment of bonds
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(a) All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or other obligations, as grants or other contributions, or as revenues and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this c…