§ 2-401. Provisions for payment of proceeds of sale of bonds.

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The authority shall, in the resolution providing for issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds to any officer or person who or any agency, bank or trust company which shall act as trustee of such funds and shall hold and apply the same to the purposes hereof, subject to such regulations as this division and such resolution or trust indenture may provide.

(1980 Ga. Laws (Act No. 1373), page 4488, § 16)

                    
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