Moneys Received Deemed Trust Funds

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All moneys received pursuant to this part, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues, rents, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this part.

(Ga. L. 1951, p. 241, § 26.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 63C Am. Jur. 2d, Public Funds, §§ 2, 5, 6, 42.

C.J.S.

- 78A C.J.S., Schools and School Districts, § 729.


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