reglab/housing_qa huggingface dataset:
GA Code § 36-41-1 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 41 - Urban Residential Finance Authorities for Large Municipalities|§ 36-41-1. Short Title

 This chapter shall be known and may be cited as the "Urban Residential Finance Authorities Act for Large Municipalities."   (Ga. L. 1979, p. 4662, § 1.)
GA Code § 36-41-2 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 41 - Urban Residential Finance Authorities for Large Municipalities|§ 36-41-2. Legislative Findings and Declaration of Public Necessity

 It is found, determined, and declared:    That there exists within the large municipalities of the state a serious shortage of decent, safe, and sanitary housing which a significant portion of the persons and families residing or desiring to reside in such municipalities can afford. This shortage is inimical to the safety, health, and welfare of the residents of this state and the sound growth of its large municipalities. The cost of financing the ownership and rehabilitation of housing in such municipalities is a major factor affecting the ability of a person to obtain decent and safe housing therein. In order to remedy such housing shortages, it is necessary to implement a public program to reduce the cost of financing for the acquisition and rehabilitation of housing, in order to make the acquisition of housing feasible for all persons and families residing or desiring to reside in the large municipalities of the state;   That it is necessary and essential that public corporations be created for such large municipalities of the state directly, or indirectly through qualified lending institutions, to make loans at rates below market to finance either the acquisition or rehabilitation or both of residential housing and to acquire mortgages in order to encourage investment in and upgrade urban areas;   That it is necessary and in the best interests of the state to provide loans at rates below market for the acquisition and rehabilitation of housing which will:   Provide for and promote the public health, safety, and welfare in the large municipalities of the state;   Reduce unemployment and encourage the increase of industrial and commercial activities and economic development in the large municipalities;   Provide for the efficient and well-planned growth and development of the large municipalities, including the elimination and prevention of slum areas and blight, and for the proper coordination of industrial facilities with public services, mass transportation facilities, and residential development, by providing an incentive for home ownership within the geographical limits of the large municipalities;   Assist persons and families in acquiring and owning decent, safe, and sanitary housing which they can afford within the geographic limits of the large municipalities;   Promote the integration of families of varying economic means in the large municipalities; and   Preserve and increase the tax base of the large municipalities; and     Accordingly, that it is a valid public purpose, as a matter of public health, safety, convenience, and welfare, to assist in providing financing for the acquisition, construction, or rehabilitation of housing in the large municipalities of the state and that the creation of public corporations and instrumentalities of the state is the most feasible method by which the state can accomplish such public purposes.    (Ga. L. 1979, p. 4662, § 2; Ga. L. 1980, p. 556, § 1; Ga. L. 1987, p. 3, § 36.)
GA Code § 36-41-9 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 41 - Urban Residential Finance Authorities for Large Municipalities|§ 36-41-9. Pledge of Assets for Payment of Bonds

 Each authority may pledge for the payment of its bonds such assets, funds, contract rights, and properties as the resolution providing for the issuance of its bonds may provide. Any such pledge made by the authority shall be valid and binding from the time when the pledge is made. The moneys or properties so pledged shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act; and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind against the authority, irrespective of whether such parties have notice thereof. No resolution or any other instrument by which a pledge is created need be recorded.   (Ga. L. 1979, p. 4662, § 9; Ga. L. 1985, p. 391, § 8; Ga. L. 1987, p. 150, § 9.)
GA Code § 36-41-10 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 41 - Urban Residential Finance Authorities for Large Municipalities|§ 36-41-10. Bonds or Obligations Not Public Debt

 No bonds or other obligations of and no indebtedness incurred by any authority shall constitute an indebtedness or obligation of the state or any county, municipality, or political subdivision thereof, nor shall any act of any authority in any manner constitute or result in the creation of an indebtedness of the state or any such county, municipality, or political subdivision. All such bonds and obligations shall be payable solely from the sources established for the payment thereof in the resolution or financing documents authorizing the issuance of such bonds; and no holder or holders of any such bonds or obligations shall ever have the right to compel any exercise of the taxing power of the state or any county, municipality, or political subdivision thereof, nor to enforce the payment thereof against any property of the state or any such county, municipality, or political subdivision.   (Ga. L. 1979, p. 4662, § 11; Ga. L. 1982, p. 3, § 36; Ga. L. 1985, p. 391, § 9; Ga. L. 1987, p. 150, § 10.)
GA Code § 36-41-11 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 41 - Urban Residential Finance Authorities for Large Municipalities|§ 36-41-11. Tax Exemptions

 As each authority will be performing essential governmental functions in the exercise of the powers conferred upon it by this chapter, the state covenants with the holders of the bonds of an authority that the authority shall be required to pay no taxes or assessments upon any of the property acquired by it or under its jurisdiction, control, possession, or supervision or upon its activities in the operation or maintenance of any facilities maintained or acquired by it or any fees, rentals, or other charges for the use of such facilities or other income received by the authority and that the bonds and notes of the authority, their transfer, and the income therefrom shall at all times be exempt from taxation within the state. The exemption from taxation provided in this Code section shall not extend to tenants or lessees of the authority and shall not include exemptions from sales and use taxes on property purchased by the authority or for use by the authority. No authority shall be required to pay any intangible tax on the recording of any mortgage held or granted by the authority.   (Ga. L. 1979, p. 4662, § 10; Ga. L. 1985, p. 391, § 10; Ga. L. 1987, p. 150, § 11.)
GA Code § 36-41-12 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 41 - Urban Residential Finance Authorities for Large Municipalities|§ 36-41-12. Competition With Georgia Housing and Finance Authority

 No authority shall compete with the Georgia Housing and Finance Authority to such an extent as to affect adversely the interests and rights of the holders of bonds issued by the Georgia Housing and Finance Authority.   (Ga. L. 1979, p. 4662, § 12; Ga. L. 1991, p. 1653, § 2-3.)
GA Code § 36-41-13 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 41 - Urban Residential Finance Authorities for Large Municipalities|§ 36-41-13. Annual Audit

 Each authority and each trustee acting on behalf of an authority shall submit to an annual independent audit performed by a qualified firm selected by the members of such authority. Payment for this audit shall be paid from any funds held by the trustee for the authority.   (Ga. L. 1979, p. 4662, § 13; Ga. L. 1988, p. 1530, § 6.)
GA Code § 36-42-1 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 42 - Downtown Development Authorities|§ 36-42-1. Short Title

 This chapter may be referred to as the "Downtown Development Authorities Law."   (Ga. L. 1981, p. 1744, § 1.)   Law reviews.   - For article surveying developments in Georgia local government law from mid-1980 through mid-1981, see 33 Mercer L. Rev. 187 (1981).   JUDICIAL DECISIONS   Underground Atlanta is a public works.    - Underground Atlanta was constructed under the Downtown Development Authorities Act and is a proper project under the Downtown Development Authorities Act; accordingly, the Underground Atlanta project falls within the definition of "project" in O.C.G.A. § 36-42-3(6) and the totality of the agreements between the city and Underground Festival, Inc., clearly contemplates a public works project. City of Atlanta v. United Elec. Co., 202 Ga. App. 239, 414 S.E.2d 251 (1991).
GA Code § 36-42-2 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 42 - Downtown Development Authorities|§ 36-42-2. Legislative Purpose

 The revitalization and redevelopment of the central business districts of the municipal corporations of this state develop and promote for the public good and general welfare trade, commerce, industry, and employment opportunities and promote the general welfare of this state by creating a climate favorable to the location of new industry, trade, and commerce and the development of existing industry, trade, and commerce within the municipal corporations of this state. Revitalization and redevelopment of central business districts by financing projects under this chapter will develop and promote for the public good and general welfare trade, commerce, industry, and employment opportunities and will promote the general welfare of this state. It is, therefore, in the public interest and is vital to the public welfare of the people of this state, and it is declared to be the public purpose of this chapter, so to revitalize and redevelop the central business districts of the municipal corporations of this state. No bonds, notes, or other obligations, except refunding bonds, shall be issued by an authority under this chapter unless its board of directors adopts a resolution finding that the project for which such bonds, notes, or other obligations are to be issued will promote the foregoing objectives.   (Ga. L. 1981, p. 1744, § 9.)   Cross references.   - Clearance and rehabilitation of blighted areas, T. 8, C. 4.   JUDICIAL DECISIONS   Scope of application.    - Although the "Downtown Development Authorities Law" expands the scope of permissible authority projects beyond that of the "Development Authorities Law" to include all types of commercial projects, the "Downtown Development Authorities Law" otherwise resembles the "Development Authorities Law" in design and purpose. Odom v. Union City Downtown Dev. Auth., 251 Ga. 248, 305 S.E.2d 110 (1983).    Neither the increased breadth of the "Downtown Development Authorities Law" in comparison with the uniform industrial development authority statutes which preceded it, nor the apparently broad language of the enacting and definitions clauses therein, are sufficiently definite indications that the General Assembly intended to undertake a radical departure from its previous cautious approach and grant local governments unbridled power to finance all their public works through downtown development authorities. Odom v. Union City Downtown Dev. Auth., 251 Ga. 248, 305 S.E.2d 110 (1983).   Street and government-building construction.    - Municipality's attempt to use the "Downtown Development Authorities Law" to finance street improvements and construction and refurbishing of governmental buildings is unconstitutional. Odom v. Union City Downtown Dev. Auth., 251 Ga. 248, 305 S.E.2d 110 (1983).
GA Code § 36-42-4 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 42 - Downtown Development Authorities|§ 36-42-4. Creation of Authorities; Appointment and Terms of Directors; Quorum

 There is created in and for each municipal corporation in this state a public body corporate and politic to be known as the downtown development authority of such municipal corporation, which shall consist of a board of seven directors.The governing body of the municipal corporation shall appoint two members of the first board of directors for a term of two years each, two for a term of four years each, and three for a term of six years each.The governing body of the municipal corporation may appoint one of its elected members as a member of the downtown development authority.After expiration of the initial terms, except for the director who is also a member of the governing body of the municipal corporation, the terms of all directors shall be six years; provided, however, that the terms shall be four years for those directors appointed or reappointed on or after July 1, 1994. The term of a director who is also a member of the governing body of a municipal corporation shall end when such director is no longer a member of the governing body of the municipal corporation.If at the end of any term of office of any director a successor to such director has not been elected, the director whose term of office has expired shall continue to hold office until a successor is elected. A majority of the board of directors shall constitute a quorum.   (Ga. L. 1981, p. 1744, § 2; Ga. L. 1992, p. 2533, § 2; Ga. L. 1994, p. 1006, § 1.)
GA Code § 36-42-5 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 42 - Downtown Development Authorities|§ 36-42-5. Activation of Authority by Resolution; Filing of Resolution With Secretary of State and Department of Community Affairs; Comments by Department of Community Affairs

  No authority shall transact any business or exercise any powers under this chapter until the governing body of the municipal corporation shall, by proper resolution, declare that there is a need for an authority to function in such municipal corporation, thereby activating the authority. In its resolution, the governing body shall designate as the downtown development area that geographical area within the municipal corporation which, in the judgment of the governing body, constitutes the central business district and shall appoint the initial directors of the authority.   A copy of the governing body's resolution shall be filed with the Secretary of State, who shall maintain a record of all authorities activated under this chapter, and with the Department of Community Affairs. The Department of Community Affairs may, but shall not be required to, furnish written comments to any authority within 30 days after the governing body's resolution is filed with the Department of Community Affairs. Any such comments shall be furnished by the authority to the governing body of the municipal corporation which activated the authority. Such comments shall be informational only and shall not affect any action taken or to be taken by any authority or governing body, and no action of the authority or the governing body shall be required in response to any such comments. The requirements of this subsection relating to filing with the Department of Community Affairs shall apply only to authorities originally activated after July 1, 1983.    (Ga. L. 1981, p. 1744, § 3; Ga. L. 1983, p. 1346, § 1.)
GA Code § 36-42-6 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 42 - Downtown Development Authorities|§ 36-42-6. Action by Resolution Subsequent to Activating Authority

 The governing body of the municipal corporation may, by proper resolution adopted subsequent to its resolution activating its authority:    Change its designation of the downtown development area to a geographical area within the municipal corporation which, in the judgment of the governing body, at the time constitutes the central business district, provided that any such change in the downtown development area shall be effective prospectively from the adoption of the resolution providing therefor and shall not affect any project of, or any action taken by, the authority within or with respect to the downtown development area as defined prior to such change becoming effective; and   Appoint directors of the authority which the governing body of the municipal corporation is authorized to appoint; and   Disapprove any proposed issue of revenue bonds, notes, or other obligations of the authority, in the manner provided in this chapter.    (Ga. L. 1981, p. 1744, § 4; Ga. L. 1983, p. 1346, § 2.)
GA Code § 36-42-7 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 42 - Downtown Development Authorities|§ 36-42-7. Qualifications and Reimbursement of Directors; Election of Officers; Training

  Directors shall be:   Taxpayers residing in the municipal corporation for which the authority is created;   Owners or operators of businesses located within the downtown development area and who shall be taxpayers residing in the county in which is located the municipal corporation for which the authority is created; or   Persons having a combination of the qualifications specified in paragraphs (1) and (2) of this subsection;  provided, however, that one of such directors may be a member of the governing body of the municipal corporation.      Not less than four of the directors having the qualifications specified in subsection (a) of this Code section shall be persons who, in the judgment of the governing body of the municipal corporation, either have or represent a party who has an economic interest in the redevelopment and revitalization of the downtown development area.Successors to the directors shall be appointed by the governing body of the municipal corporation.   The directors shall elect one of their members as chairman and another as vice chairman and shall also elect a secretary and a treasurer or a secretary-treasurer, either of whom may but need not be a director. The directors shall receive no compensation for their services but shall be reimbursed for actual expenses incurred by them in the performance of their duties.   Except for a director who is also a member of the governing body of a municipal corporation, each director shall attend and complete at least eight hours of training on downtown development and redevelopment programs within the first 12 months of a director's appointment to the downtown development authority.Directors in office on January 1, 1992, shall be exempt from this requirement unless reappointed for an additional term.    (c.1)Notwithstanding subsection (a) of this Code section, one director appointed to the board may reside outside the county; provided, however, that such appointed director owns a business within the downtown development area and is a resident of the State of Georgia. If subsequently to his or her appointment to the board pursuant to this subsection, the director ceases to own a business within the downtown development area or reside in the State of Georgia, such director shall relinquish his or her seat on the board.   (Ga. L. 1981, p. 1744, § 5; Ga. L. 1990, p. 570, § 1; Ga. L. 1991, p. 94, § 36; Ga. L. 1992, p. 2533, § 2; Ga. L. 2008, p. 180, § 1/HB 1126; Ga. L. 2021, p. 344, § 1/HB 161.)    The 2021 amendment,  effective May 4, 2021, deleted the former last sentence in subsection (c), which read: "Each authority shall have perpetual existence."
GA Code § 36-42-8.1 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 42 - Downtown Development Authorities|§ 36-42-8.1. Eminent Domain by Municipality or Authority

 Repealed by Ga. L. 2006, p. 39, § 20/HB 1313, effective April 4, 2006.   Editor's notes.   - This Code section was based on Code 1981, § 36-42-8.1, enacted by Ga. L. 1992, p. 2533, § 4.   Ga. L. 2006, p. 39, § 25/HB 1313, not codified by the General Assembly, provides that the repeal of this Code section shall only apply to petitions for condemnation filed on or after April 4, 2006.
GA Code § 36-42-9 (2021)
2021 Georgia Code|Title 36 - Local Government|Chapter 42 - Downtown Development Authorities|§ 36-42-9. Revenue Bonds Generally

  Revenue bonds, notes, or other obligations issued by an authority shall be paid solely from the property (including, but not limited to, real property, fixtures, personal property, revenues, or other funds) pledged, mortgaged, conveyed, assigned, hypothecated, or otherwise encumbered to secure or to pay such bonds, notes, or other obligations.   All revenue bonds, notes, and other obligations shall be authorized by resolution of the authority, adopted by a majority vote of the directors of the authority at a regular or special meeting.   Reserved.   Revenue bonds, notes, or other obligations shall bear such date or dates, shall mature at such time or times (not more than 40 years from their respective dates), shall bear interest at such rate or rates (which may be fixed or may fluctuate or otherwise change from time to time), shall be subject to redemption on such terms, and shall contain such other terms, provisions, covenants, assignments, and conditions as the resolution authorizing the issuance of such bonds, notes, or other obligations may permit or provide. The terms, provisions, covenants, assignments, and conditions contained in or provided or permitted by any resolution of the authority authorizing the issuance of such revenue bonds, notes, or other obligations shall bind the directors of the authority then in office and their successors.   The authority shall have power from time to time and whenever it deems it expedient to refund any bonds by the issuance of new bonds, whether or not the bonds to be refunded have matured, and may issue bonds partly to refund bonds then outstanding and partly for any other purpose permitted under this chapter. The refunding bonds may be exchanged for the bonds to be refunded, with such cash adjustments as may be agreed upon, or may be sold and the proceeds applied to the purchase or redemption of the bonds to be refunded.   There shall be no limitation upon the amount of revenue bonds, notes, or other obligations which any authority may issue. Any limitations with respect to interest rates or any maximum interest rate or rates found in Article 3 of Chapter 82 of this title, the "Revenue Bond Law," the usury laws of this state, or any other laws of this state shall not apply to revenue bonds, notes, or other obligations of an authority.    (Ga. L. 1981, p. 1744, § 7; Ga. L. 1983, p. 1346, § 3; Ga. L. 1984, p. 941, § 2.)