reglab/housing_qa huggingface dataset:
GA Code § 20-2-565 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-565. Trust Indentures to Secure Bonds; Contents of Indentures or Bond Resolutions; Expenses of Carrying Out Indentures

  In the discretion of the authority, any issue of 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 of the state. Such 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 such 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;   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;   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. Such indenture may set forth the rights and remedies of the bondholders and of the trustees 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, such 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 such trust indenture may be treated as a part of the cost of maintenance, operation, and repair of the project affected by such indenture.    (Ga. L. 1951, p. 241, § 15.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 178.
GA Code § 20-2-566 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-566. Trustee for Bond Proceeds

 The authority shall, in the resolution providing for the 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 them to the purposes of this part, subject to such regulations as this part and such resolution or trust indenture may provide.   (Ga. L. 1951, p. 241, § 16.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 178.
GA Code § 20-2-567 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-567. Sinking Fund

 The revenues, rents, and earnings derived from any particular project or combined projects; all sums allocated or paid by the State Board of Education or Department of Education to the authority for the benefit of and on behalf of any county, city, or independent school district or system or its governing body for the performance of any lease contract or agreement of sale or any and all funds from any sources received by the various county boards of education, city boards of education, or governing bodies of independent school districts or systems that have entered into lease contracts or agreements of sale with the authority and paid to it in the performance of such contract or contracts; 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; and federal funds where applicable may be pledged and allocated by the authority to the payment of the principal and interest, if any, on revenue bonds of the authority as the resolution authorizing the issuance of the bonds or the trust instrument may provide. Such funds so pledged from whatever source received may include funds received from one or more or all sources and shall be set aside at regular intervals as may be provided in the resolution or trust indenture, into a sinking fund, which shall be pledged by the authority to and charged with the payment of:    The interest, if any, upon such revenue bonds as such interest shall fall due;   The principal of the bonds as the same shall fall due;   The necessary charges of paying agents for paying principal and interest, if any; and   Any premium upon bonds retired by call or purchase as provided in Code Section 20-2-555.  The use and disposition of such sinking fund shall be subject to such covenants and 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 such 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 provisions of the resolution authorizing the issuance of the bonds or in the trust indenture, surplus moneys in the sinking fund may be applied to the purchase 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. 241, § 17; Ga. L. 2010, p. 1001, § 9/HB 936.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 386.   C.J.S.   - 78A C.J.S., Schools and School Districts, § 787.   ALR.    - Constitutional provisions against impairment of obligations of contract as applied to sinking funds for retirement of municipal or other public bonds, 115 A.L.R. 220.
GA Code § 20-2-568 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-568. Remedies of Bondholders, Receivers, or Indenture Trustees

 Any holder of revenue bonds or interest coupons issued under this part, any receiver for such holders, or indenture trustee, if any, except to the extent the rights given in this part 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 this state or granted under this part or under such resolution or trust indenture and may enforce and compel performance of all duties required by this part 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, and, in the event of default of the authority upon the principal and interest obligations of any revenue bond issue, shall be subrogated to each and every right, specifically including the contract rights of collecting rental or installment payments of purchase price, which the authority may possess against any contracting county, city, or independent school district or system or political subdivision. In the pursuit of his or its remedies as subrogee, such individual, receiver, or trustee 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 such 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.   (Ga. L. 1951, p. 241, § 18; Ga. L. 1964, p. 112, § 3; Ga. L. 1983, p. 3, § 53; Ga. L. 2010, p. 1001, § 10/HB 936.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 250, 251.   C.J.S.   - 78A C.J.S., Schools and School Districts, § 788.
GA Code § 20-2-569 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-569. 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 part and then outstanding, together with accrued interest thereon, if any, and the premium, if any. 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 such bonds shall be governed by Code Sections 20-2-550 through 20-2-568 insofar as they may be applicable.   (Ga. L. 1951, p. 241, § 19; Ga. L. 2010, p. 1001, § 11/HB 936.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 236 et seq.   C.J.S.   - 78A C.J.S., Schools and School Districts, § 738.
GA Code § 20-2-570 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-570. Bonds Legal Investments; Depositing Bonds

 The bonds authorized in this part are made securities in which all public officers and bodies of this state and all municipalities and all political subdivisions; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business; all administrators, guardians, executors, trustees, and other fiduciaries; and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state may properly and legally invest funds, including capital, in their control or belonging to them. The bonds are also made securities which may be deposited with and shall be received by all public officers and bodies of this state and all municipalities and political subdivisions for any purpose for which the deposit of the bonds or other obligations of this state is authorized.   (Ga. L. 1951, p. 241, § 20; Ga. L. 2010, p. 1001, § 12/HB 936.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 9 et seq.
GA Code § 20-2-571 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-571. Tax Exemption of Authority's Property, Activities, Charges, and Bonds

 The creation of the authority and the carrying out of its corporate purpose shall be a public purpose and in all respects for the benefit of the people of this state. The authority will be performing an essential governmental function in the exercise of the power conferred upon it by this part; and this state covenants with the holders of the bonds that the authority shall be required to pay no taxes or assessments upon any of the property acquired or leased by it or under its jurisdiction, control, possession, or supervision or upon its activities in the operation or maintenance of the buildings erected or acquired by it or any fees, revenues, rentals, or other charges for the use of such buildings or other income received by the authority and that the bonds of the authority and the income therefrom shall at all times be exempt from taxation within this state.   (Ga. L. 1951, p. 241, § 21; Ga. L. 2010, p. 1001, § 13/HB 936.)   OPINIONS OF THE ATTORNEY GENERAL   No fees assessed upon authority.   - This section certainly indicates the General Assembly did not contemplate assessment of any fees, of whatever nature, directly or indirectly, upon the authority. 1963-65 Op. Att'y Gen. p. 493.   RESEARCH REFERENCES   Am. Jur. 2d.   - 71 Am. Jur. 2d, State and Local Taxation, §§ 326, 327.   C.J.S.   - 84 C.J.S., Taxation, § 251.   ALR.    - Bond or warrant of governmental subdivision as subject of taxation or exemption, 44 A.L.R. 510.
GA Code § 20-2-572 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-572. Procedure for Validating Bonds

 Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36. The petition for validation shall make the authority party defendant and shall also make party defendant to such action any political subdivision or county, city, or independent school district or system which has contracted with the authority for the purchase or use of any building, structure, or facility for which bonds have been issued and sought to be validated; and such parties shall be required to show cause, if any, why the contract or contracts and the terms and conditions thereof should not be inquired into by the court, the validity of the terms thereof determined, the matters and conditions imposed on the contracting parties to be performed, and all such undertakings adjudicated as security for the payment of any such bonds of the authority. In the event no appeal is taken or if taken and the judgment is affirmed by the proper appellate court of this state, the judgment of the superior court so confirming and validating the issuance of the bonds shall be forever conclusive upon the validity of the bonds against the authority issuing them and against all parties to such proceedings.   (Ga. L. 1951, p. 241, § 23; Ga. L. 2010, p. 1001, § 14/HB 936.)   RESEARCH REFERENCES   C.J.S.   - 78A C.J.S., Schools and School Districts, §§ 763, 784.
GA Code § 20-2-573 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-573. Venue and Jurisdiction of Actions to Enforce Rights or Validate Bonds

 Any action to protect or enforce any rights under this part shall be brought in the Superior Court of Fulton County; and any action pertaining to validation of any bonds issued under this part shall likewise be brought in such court, which shall have exclusive, original jurisdiction of such actions.   (Ga. L. 1951, p. 241, § 22.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 77 Am. Jur. 2d, Venue, § 4.   C.J.S.   - 92A C.J.S., Venue, §§ 2, 76.
GA Code § 20-2-574 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-574. Interests of Bondholders Protected

 While any of the bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of its officers, employees, or agents or of the various county boards of education, city boards of education, or governing bodies of independent or quasi-independent districts or systems shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of such bonds, nor will the state itself so compete with the authority. This part shall be for the benefit of the state, the authority, and the holders of any such bonds and, upon the issuance of bonds under this part, shall constitute a contract with the holders of such bonds.   (Ga. L. 1951, p. 241, § 24.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, §§ 250, 251.   C.J.S.   - 81A C.J.S., States, § 270.
GA Code § 20-2-575 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-575. Acceptance of Grants and Contributions From Federal and Other Sources

 The authority, in addition to the moneys which may be received from the sale of revenue bonds and from the collection of revenues, rents, and earnings derived under this part, shall have authority to accept from any federal agency grants for or in aid of the construction of any project or for the payment of bond and to receive and accept contributions from any source of either money or property or other things of value to be held, used, and applied only for the purpose for which such grants or contributions may be made.   (Ga. L. 1951, p. 241, § 25.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 68 Am. Jur. 2d, Schools, §§ 114, 357 et seq.   C.J.S.   - 78 C.J.S., Schools and School Districts, § 507 et seq.   78A C.J.S., Schools and School Districts, §§ 726, 730 et seq.
GA Code § 20-2-576 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-576. Moneys Received Deemed Trust Funds

 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.
GA Code § 20-2-577 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-577. Fixing Rentals, Installment Payments, and Charges for Use of Projects

 The authority is authorized to fix rentals, installment payments of purchase price, and other charges which the various county boards of education, city boards of education, or governing bodies of independent districts or systems shall pay to the authority for the use or purchase of each project or part thereof or combination of projects, to charge and collect them, and to lease or sell and make contracts with the various county, city, or independent school districts or systems for the use or purchase by any county, city, or independent school districts or systems of any project or part thereof. Such rentals, installment payments of purchase price, and other charges shall be so fixed and adjusted in relation to their total amount from the project or projects for which a single issue of revenue bonds is issued so as to provide a fund sufficient with other revenues of such project or projects, if any, to pay:    The cost of maintaining, repairing, and operating the project or projects, including reserves for extraordinary repairs and insurance and other reserves required by the resolution or trust indentures, unless such reserves shall be otherwise provided for, shall be deemed to include the expenses incurred by the authority on account of the project or projects for water, light, sewer, and other services furnished by other facilities at such institution; and   The principal of the revenue bonds and the interest thereon, if any, as they shall become due.    (Ga. L. 1951, p. 241, § 27; Ga. L. 2010, p. 1001, § 15/HB 936.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 68 Am. Jur. 2d, Schools, § 78.   C.J.S.   - 78 C.J.S., Schools and School Districts, § 560 et seq.
GA Code § 20-2-578 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-578. Authority of State and Other Boards of Education to Bargain, Sell, Transfer, Convey, Rent, and Lease Property to Authority

 In addition to the authority granted in this part or otherwise provided by law, express authority and power is given to the State Board of Education, county boards of education, city boards of education, or governing bodies of independent or quasi-independent districts or systems to bargain, sell, transfer, convey, rent, and lease to the authority any property needed or required by the authority to carry out the purposes of this part, together with all buildings and improvements thereon.   (Ga. L. 1951, p. 241, § 28.)   RESEARCH REFERENCES   C.J.S.   - 78 C.J.S., Schools and School Districts, § 507 et seq.
GA Code § 20-2-579 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-579. Rules and Regulations for Operation of Projects

 It shall be the duty of the authority to prescribe rules and regulations for the operation of each project or combination of projects constructed under this part, including rules and regulations to ensure maximum use or occupancy of each such project.   (Ga. L. 1951, p. 241, § 29.)
GA Code § 20-2-580 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-580. Power to Issue Revenue Bonds Not Affected

 This part does not in any way take from the various counties or other governmental units or agencies of the state the authority to issue revenue bonds for a particular purpose.   (Ga. L. 1951, p. 241, § 33.)
GA Code § 20-2-581 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-581. Part Supplemental and Additional to Other Laws

 This part shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing.   (Ga. L. 1951, p. 241, § 30.)
GA Code § 20-2-582 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 2 - Elementary and Secondary Education|Article 11 - Public School Property and Facilities|Part 3 - Georgia Education Authority (Schools)|§ 20-2-582. Part to Be Liberally Construed

 This part, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes.   (Ga. L. 1951, p. 241, § 31.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 68 Am. Jur. 2d, Schools, § 9.