Georgia § 46-4-119 - Revenues held in trust for bondholders.
Full text of Georgia Official Code of Georgia Annotated § 46-4-119 — Revenues held in trust for bondholders., with citation guidance and answers to common questions.
§ 46-4-119. Revenues held in trust for bondholders.
All funds received pursuant to authority of this article, whether as proceeds from the sale of revenue bonds or as revenues, fees, tolls, charges, or other earnings or as gifts, grants, or other contributions, shall be deemed to be trust funds to be held and applied solely as provided in this article. The bond owners entitled to receive the benefits of such funds shall have a lien on all such funds until applied as provided in any such resolution, trust agreement, or indenture of the authority. (Code 1981, § 46-4-119 , enacted by Ga. L. 1987, p. 745, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 46-4-119
What does Official Code of Georgia Annotated § 46-4-119 cover?
Section 46-4-119 ("Revenues held in trust for bondholders.") 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 § 46-4-119?
A common citation format is "Official Code of Georgia Annotated § 46-4-119" (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 § 46-4-119 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.