Georgia § 12-3-327 - Revenue bonds - Manner of sale; determination of price; use and manner of disbursement of proceeds.
Full text of Georgia Official Code of Georgia Annotated § 12-3-327 — Revenue bonds - Manner of sale; determination of price; use and manner of disbursement of proceeds., with citation guidance and answers to common questions.
§ 12-3-327. Revenue bonds - Manner of sale; determination of price; use and manner of disbursement of proceeds.
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. 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. (Ga. L. 1969, p. 397, § 2.)
Frequently Asked Questions About Georgia § 12-3-327
What does Official Code of Georgia Annotated § 12-3-327 cover?
Section 12-3-327 ("Revenue bonds - Manner of sale; determination of price; use and manner of disbursement of proceeds.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 12-3-327?
A common citation format is "Official Code of Georgia Annotated § 12-3-327" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 12-3-327 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.