Georgia § 32-10-72 - Authority fund for excess toll and other revenue.
Full text of Georgia Official Code of Georgia Annotated § 32-10-72 — Authority fund for excess toll and other revenue., with citation guidance and answers to common questions.
§ 32-10-72. Authority fund for excess toll and other revenue.
All revenue in excess of all obligations of the authority of any nature, together with all unused receipts and gifts of every kind and nature whatsoever, shall be and become the authority fund. The authority, in its discretion, is charged with the duty of pledging, utilizing, or expending the authority fund for the following purposes: Pledges to the payment of any revenue bond issue requirements, sinking or reserve funds, as may be provided for under Code Section 32-10-102; The payment of any outstanding unpaid revenue bond obligations or administrative expenses; The construction of all or any part of projects, the need for which is concurred in by the Governor and the board; The most advantageous obtainable redemptions and retirements of the authority's bonds pursuant to the prepayment redemption privileges accorded to the authority upon the various issues of bonds outstanding; The most advantageous open market purchase of the authority's bonds that the authority may accomplish; Investment in such securities and in such manner as it determines to be in its best interest; and Subject to the terms of any resolution or trust indenture authorizing the issuance of revenue bonds, the transfer of funds to the department to be used by the department for department purposes. (Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 10; Ga. L. 1972, p. 179, § 17; Code 1933, § 95A-1247, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 2001, p. 1251, § 1-11.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 32-10-72
What does Official Code of Georgia Annotated § 32-10-72 cover?
Section 32-10-72 ("Authority fund for excess toll and other revenue.") 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 § 32-10-72?
A common citation format is "Official Code of Georgia Annotated § 32-10-72" (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 § 32-10-72 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.