Georgia § 46-3-127 - Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority.
Full text of Georgia Official Code of Georgia Annotated § 46-3-127 — Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority., with citation guidance and answers to common questions.
§ 46-3-127. Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority.
The authority shall not operate or construct any project for profit except insofar as any such profit will inure to the benefit of the public. The authority shall fix the rates, fees, and charges consistent with this declaration of policy such as will produce revenues only in amounts sufficient, together with all other funds of the authority, to pay principal and interest on bonds and obligations of the authority, to provide for maintenance and operation of the authority and of its projects, and to maintain such reserves as shall have been created in amounts sufficient in the judgment of the authority for the security of the bonds and for the improvement, replacement, or expansion of the facilities or services of the authority or to provide fuel for its generating projects. (Ga. L. 1975, p. 107, § 12.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 46-3-127
What does Official Code of Georgia Annotated § 46-3-127 cover?
Section 46-3-127 ("Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority.") 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 § 46-3-127?
A common citation format is "Official Code of Georgia Annotated § 46-3-127" (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 § 46-3-127 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.