reglab/housing_qa huggingface dataset:
GA Code § 50-9-15 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 1 - General Provisions|§ 50-9-15. Provisions Supplemental

 The Code sections of this article and Article 2 of this chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws and shall not be regarded as in derogation of any other powers.   (Ga. L. 1951, p. 699, § 29.)
GA Code § 50-9-16 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 1 - General Provisions|§ 50-9-16. Liberal Construction of Provisions

 This article and Article 2 of this chapter, being for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof.   (Ga. L. 1951, p. 699, § 30.)
GA Code § 50-9-17 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 1 - General Provisions|§ 50-9-17. Transferred Authorities

  As used in this Code section, the term:   "Authority" means the Georgia Building Authority as set forth in Code Section 50-9-2.   "Transferred authorities" means the Georgia Building Authority (Markets) set forth in Article 1 of Chapter 10 of Title 2, the Georgia Building Authority (Hospital) set forth in Article 2 of Chapter 7 of Title 31, the Georgia Building Authority (Penal) set forth in Chapter 3 of Title 42, and the Agency for Removal of Hazardous Materials set forth in Article 4 of Chapter 9 of Title 50, as each entity existed as of June 30, 2008.     Beginning July 1, 2008, all functions, duties, responsibilities, and obligations of the transferred authorities shall belong to the authority. The authority shall also succeed to the rights, claims, remedies, securities, and any other debt or obligation owing to the transferred authorities.   The authority shall be substituted for the transferred authorities on any bonds, claims, causes of action, contracts, leases, agreements, or other indebtedness or obligations of the transferred authorities. Contracts held by the transferred authorities shall be considered contracts of the authority, and any rights of renewal, prerogatives, benefits, and rights of enforcement under such contracts shall also be transferred to the authority.   Appropriations for functions transferred from the transferred authorities to the authority may be transferred as provided in Code Section 45-12-90, relating to disposition of appropriations for duties, purposes, and objects which have been transferred. Personnel, equipment, and facilities previously employed for such transferred functions shall likewise be transferred to the authority. Upon the effective date of the transfer, all personnel positions authorized for the transferred authorities shall be transferred to the authority and all employees whose positions are transferred to the authority shall become employees of the authority in the unclassified service as provided in Code Section 45-20-6.   All assets, moneys, properties both tangible and intangible, and other valuable instruments and consideration belonging to the transferred authorities on the date of transfer shall become the property and assets of the authority.   Rules and regulations previously adopted by the transferred authorities shall remain in full force and effect as rules and regulations of the authority until amended, repealed, or superseded by action of the authority.     (Code 1981, §50-9-17, enacted by Ga. L. 2008, p. 224, § 5/SB 130.)
GA Code § 50-9-30 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-30. Issuance Authorized; Amount; Interest; Redemption

 The authority, or any authority or body which has or which may in the future succeed to the powers, duties, and liabilities vested in the authority created in Article 1 of this chapter, shall have power and is authorized at one time, or from time to time, to provide by resolution for the issuance of negotiable revenue bonds in the sum not to exceed $59 million outstanding at any one time of the authority for the purpose of paying all or any part of the cost as defined in Code Section 50-9-2 of any one or combination of projects. The principal and interest of the revenue bonds shall be payable solely from the special fund provided in Code Section 50-9-42 for such payment. The bonds of each issue shall be dated; shall bear interest at the lowest obtainable rate, payable in such medium of payment as to both principal and interest as may be determined by the authority; and may be made redeemable before maturity, at the option of the authority, at such price or prices and under such terms and conditions as may be fixed by the authority in the resolution providing for the issuance of the bonds.   (Ga. L. 1951, p. 699, § 5; Ga. L. 1953, Jan.-Feb. Sess., p. 355, § 2; Ga. L. 1955, p. 585, § 2; Ga. L. 1961, p. 587, § 3; Ga. L. 1962, p. 660, § 2; Ga. L. 1963, p. 422, § 1; Ga. L. 1972, p. 247, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 13, 37, 39.   C.J.S.   - 81A C.J.S., States, §§ 349 et seq., 368, 437, 443.
GA Code § 50-9-31 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-31. Form, Denomination, Place of Payment, Registration

 The authority shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations of the bonds and the place or places of payment of principal and interest thereof, which may be at any bank or trust company within or outside the state. The bonds may be issued in coupon or registered form, or both, as the authority may determine, and provision may be made for the registration of any coupon bond as to principal alone and also as to both principal and interest.   (Ga. L. 1951, p. 699, § 6.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 12, 23.   C.J.S.   - 81A C.J.S., States, §§ 442, 449 et seq.
GA Code § 50-9-32 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-32. Valid Signatures, Seal, Attestation

 In case any officer whose signature appears on any bonds or whose facsimile signature appears on any coupon ceases to be an officer before the delivery of the bonds, the signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until the delivery. All such bonds shall be signed by the chairman of the authority, and the official seal of the authority shall be affixed thereto and attested by the secretary of the authority; and any coupons attached thereto shall bear the signature or facsimile signature of the chairman of the authority. Any coupon may bear the facsimile signature of such person and any bond may be signed, sealed, and attested on behalf of the authority by such persons as at the actual time of the execution of the bonds shall be duly authorized or hold the proper office, although at the date of the bonds the persons may not have been so authorized or shall not have held such office.   (Ga. L. 1951, p. 699, § 7.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 153.   C.J.S.   - 11 C.J.S., Bonds, § 10. 81A C.J.S., States, §§ 441, 442.
GA Code § 50-9-33 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-33. Negotiable Instruments; Exempt From Taxation

 All revenue bonds issued under this article and Article 1 of this chapter shall have and are declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the state. The bonds and the income therefrom shall be exempt from all taxation within the state.   (Ga. L. 1951, p. 699, § 8.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 206. 71 Am. Jur. 2d, State and Local Taxation, § 253.   C.J.S.   - 11 C.J.S., Bonds, § 63. 81A C.J.S., States, §§ 446, 447. 84 C.J.S., Taxation, § 315.   ALR.    - Bond or warrant of governmental subdivision as subject of taxation or exemption, 44 A.L.R. 510.
GA Code § 50-9-34 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-34. Manner and Price of Sale

 The authority may sell the bonds in such manner and for such price as it may determine to be for the best interests of the authority.   (Ga. L. 1951, p. 699, § 9; Ga. L. 1960, p. 192, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 174.   C.J.S.   - 81A C.J.S., States, § 451 et seq.
GA Code § 50-9-35 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-35. Proceeds to Be Used for Project Costs; Disbursed Under Restrictions; Additional Bonds Authorized to Provide for Deficit; Surplus to Be Paid Into Fund

 The proceeds of the bonds shall be used solely for the payment of the cost of the project or combined project and shall be disbursed upon requisition or order of the chairman of the authority under such restrictions, if any, as the resolution authorizing the issuance of the bonds or the trust indenture may provide. If the proceeds of the bonds, by error of calculation or otherwise, shall be less than the cost of the project or combined project, unless otherwise provided in the resolution authorizing the issuance of the bonds or in the trust indenture, additional bonds may in like manner be issued to provide the amount of the deficit, which unless otherwise provided in the resolution authorizing the issuance of the bonds or in the trust indenture shall be deemed to be of the same issue and shall be entitled to payment from the same fund without preference or priority of the bonds first issued for the same purpose. If the proceeds of the bonds of any issue shall exceed the amount required for the purpose for which such bonds are issued, the surplus shall be paid into the fund provided in Code Section 50-9-42 for the payment of principal and interest of such bonds.   (Ga. L. 1951, p. 699, § 10; Ga. L. 1982, p. 3, § 50.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 313, 322.   C.J.S.   - 81A C.J.S., States, §§ 437, 443 et seq.
GA Code § 50-9-36 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-36. Interim Certificates and Temporary Bonds Authorized

 Prior to the preparation of definitive bonds, the authority may, under like restrictions, issue interim receipts, interim certificates, or temporary bonds, with or without coupons, exchangeable for definitive bonds upon the issuance of the latter.   (Ga. L. 1951, p. 699, § 11; Ga. L. 1994, p. 97, § 50.)
GA Code § 50-9-37 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-37. Replacement of Mutilated or Lost Bonds

 The authority may also provide for the replacement of any bond which becomes mutilated or is destroyed or lost.   (Ga. L. 1951, p. 699, § 12.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 52 Am. Jur. 2d, Lost and Destroyed Instruments, § 7.   C.J.S.   - 54 C.J.S., Lost Instruments, § 3 et seq.
GA Code § 50-9-38 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-38. No Other Conditions Precedent; Issuance for Combination of Projects Authorized; Passage and Effective Date of Resolution

 The revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things which are specified or required by this article or Article 1 of this chapter. In the discretion of the authority, revenue bonds of a single issue may be issued for the purpose of paying the cost of any one or more, including a combination of, projects at any one institution or any number of institutions. Any resolution providing for the issuance of revenue bonds under this article or Article 1 of this chapter shall become effective immediately upon its passage and need not be published or posted, and any such resolution may be passed at any regular, special, or adjourned meeting of the authority by a majority of its members.   (Ga. L. 1951, p. 699, § 13; Ga. L. 1982, p. 3, § 50.)
GA Code § 50-9-39 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-39. Not Debt or Pledge of Credit of State; Bonds to Contain Recital of Provisions

 Revenue bonds issued under this article and Article 1 of this chapter shall not be deemed to constitute a debt of the state or a pledge of the faith and credit of the state, but the bonds shall be payable solely from the fund provided for in Code Section 50-9-42; and the issuance of the revenue bonds shall not directly, indirectly, or contingently obligate the state to levy or to pledge any form of taxation whatever therefor or to make any appropriation for the payment. All such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section; provided, however, that such funds as may be received from state appropriations or from any other source are declared to be available to any department, board, commission, or agency of the state and may be used for the performance of any lease contract entered into by such department, board, commission, or agency of the state.   (Ga. L. 1951, p. 699, § 14.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 13.   C.J.S.   - 81A C.J.S., States, §§ 449, 450.
GA Code § 50-9-40 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-40. Trust Indentures as Security; Provisions

 In the discretion of the authority, any issue of the revenue bonds may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside the state. The trust indenture may pledge or assign rents, revenues, and earnings to be received by the authority. Either the resolution providing for the issuance of revenue bonds or the trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of the authority in relation to the acquisition of property; the construction of the project; the maintenance, operation, repair, and insurance of the project; and the custody, safeguarding, and application of all moneys and may also provide that any project shall be constructed and paid for under the supervision and approval of consulting engineers or architects employed or designated by the authority and satisfactory to the original purchasers of the bonds issued therefor. The resolution or the trust indenture may also require that the security given by contractors and by any depository of the proceeds of the bonds or revenues or other moneys be satisfactory to such purchasers and may also contain provisions concerning the conditions, if any, upon which additional revenue bonds may be issued. It shall be lawful for any bank or trust company incorporated under the laws of this state to act as such depository and to furnish such indemnifying bonds or pledge such securities as may be required by the authority. The indenture may set forth the rights and remedies of the bondholders and of the trustee and may restrict the individual right of action of bondholders as is customary in trust indentures securing bonds and debentures of corporations. In addition to the foregoing, the trust indenture may contain such other provisions as the authority may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the trust indenture may be treated as a part of the cost of maintenance, operation, and repair of the project affected by the indenture.   (Ga. L. 1951, p. 699, § 15.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 159.   C.J.S.   - 81A C.J.S., States, §§ 439, 448.
GA Code § 50-9-41 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-41. Authority to Provide for Payment of Proceeds to Person or Agency as Trustee

 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 article and Article 1 of this chapter and the resolution or trust indenture may provide.   (Ga. L. 1951, p. 699, § 16.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 159.   C.J.S.   - 81A C.J.S., States, §§ 437, 443 et seq.
GA Code § 50-9-42 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-42. Sinking Fund; Pledge and Allocation of Funds to Pay Principal and Interest

 The revenues, rents, and earnings derived from any particular project or combined project or any and all funds from any source received by any department, board, commission, or agency of the state and pledged and allocated by it to the authority as security for the performance of any lease or leases or any and all revenues, rents, and earnings received by the authority, regardless of whether or not such rents, earnings, and revenues were produced by a particular project for which bonds have been issued unless otherwise pledged and allocated, may be pledged and allocated by the authority to the payment of the principal and interest on revenue bonds of the authority as the resolution authorizing the issuance of the bonds or in the trust instrument may provide; and such funds so pledged from whatever source received, which pledge may include funds received from one or more or all sources, shall be set aside at regular intervals as may be provided in the resolution or trust indenture into a sinking fund, which sinking fund shall be pledged to and charged with the payment of:    The interest upon the revenue bonds as the interest falls due;   The principal of the bonds as the same falls due;   The necessary charges of paying agents for paying principal and interest; and   Any premium upon bonds retired by call or purchase as hereinabove provided.  The use and disposition of the sinking fund shall be subject to such regulations as may be provided in the resolution authorizing the issuance of the revenue bonds or in the trust indenture, but, except as may otherwise be provided in the resolution or trust indenture, such sinking fund shall be a fund for the benefit of all revenue bonds without distinction or priority of one over another. Subject to the resolution authorizing the issuance of the bonds or in the trust indenture, surplus moneys in the sinking fund may be applied to the purchasing or redemption of bonds; and any such bonds so purchased or redeemed shall immediately be canceled and shall not again be issued.     (Ga. L. 1951, p. 699, § 17; Ga. L. 1982, p. 3, § 50.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 5, 313, 322 et seq.   C.J.S.   - 81A C.J.S., States, §§ 383 et seq., 439 et seq.
GA Code § 50-9-43 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-43. Rights and Remedies of Bondholders

 Any holder of revenue bonds or interest coupons issued under this article, any receiver for such holders, or indenture trustee, if there is any, except to the extent the rights herein given may be restricted by resolution passed before the issuance of the bonds or by the trust indenture, may either at law or in equity, by action, mandamus, or other proceedings, protect and enforce any and all rights under the laws of the state or granted hereunder or under such resolution or trust indenture and may enforce and compel performance of all duties required by this article or Article 1 of this chapter or by resolution or trust indenture, to be performed by the authority, or any officer thereof, including the fixing, charging, and collecting of revenues, rents, and other charges for the use of the project or projects. In the event of default of the authority upon the principal and interest obligations of any revenue bond issue, any such holder, receiver, or indenture trustee shall be subrogated to each and every right, specifically including the contract rights of collecting rental, which the authority may possess against the state or any department, agency, or institution of the state and, in the pursuit of its remedies as subrogee, may proceed either at law or in equity by action, mandamus, or other proceedings to collect any sums by such proceedings due and owing to the authority and pledged or partially pledged directly or indirectly to the benefit of the revenue bond issue of which the individual, receiver, or trustee is representative. No holder of any such bond or receiver or indenture trustee thereof shall have the right to compel any exercise of the taxing power of the state to pay any such bond or the interest thereon or to enforce the payment thereof against any property of the state, nor shall any such bond constitute a charge, lien, or encumbrance, legal or equitable, upon the property of the state; provided, however, any provision of this article or Article 1 of this chapter or any other law to the contrary notwithstanding, any such bondholder or receiver or indenture trustee shall have the right by appropriate legal or equitable proceedings, including, without being limited to, mandamus, to enforce compliance by the appropriate public officials of Article VII, Section IV of the Constitution of this state; and permission is given for the institution of any such proceedings to compel the payment of lease obligations.   (Ga. L. 1951, p. 699, § 18; Ga. L. 1964, p. 108, § 2; Ga. L. 1982, p. 3, § 50; Ga. L. 1983, p. 3, § 66; Ga. L. 2002, p. 415, § 50.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 383.   C.J.S.   - 81A C.J.S., States, § 440.
GA Code § 50-9-44 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 9 - Georgia Building Authority|Article 2 - Revenue Bonds|§ 50-9-44. Refunding Bonds

 The authority is authorized to provide by resolution for the issue of revenue refunding bonds of the authority for the purpose of refunding any revenue bonds issued under this article and Article 1 of this chapter and then outstanding, together with accrued interest thereon. The issuance of such revenue refunding bonds, the maturities and all other details thereof, the rights of the holders thereof, and the duties of the authority in respect to the same shall be governed by this article and Article 1 of this chapter insofar as the same may be applicable.   (Ga. L. 1951, p. 699, § 19.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 199, 200.   C.J.S.   - 81A C.J.S., States, §§ 454, 455.