reglab/statecodes huggingface dataset:
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 8 - DEPARTMENT OF COMMUNITY AFFAIRS (§§ 50-8-1 — 50-8-301) › Article 10 - MARTIN LUTHER KING, JR. ADVISORY COUNCIL (§§ 50-8-240 — 50-8-242) › Section 50-8-242 - Authority to establish not for profit corporation and appoint members

The Department of Community Affairs is authorized to establish a not for profit corporation and to appoint the members of the board of trustees of such corporation for the purpose of sustaining and furthering the purpose of the council.
Added by 2011 Ga. Laws 63,§ 1, eff. 5/9/2011.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 8 - DEPARTMENT OF COMMUNITY AFFAIRS (§§ 50-8-1 — 50-8-301) › Article 11 - GEORGIA DOWNTOWN RENAISSANCE FUND ACT (§§ 50-8-260 — 50-8-261) › Section 50-8-260 - Definitions

As used in this article, the term:
(1)
"Department" means the Department of Community Affairs.
(2)
"Fund" means the Georgia Downtown Renaissance Fund, a revolving loan fund originating low-interest loans for qualified investments in a downtown district.
Added by 2014 Ga. Laws 536,§ 1, eff. 4/16/2014.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 8 - DEPARTMENT OF COMMUNITY AFFAIRS (§§ 50-8-1 — 50-8-301) › Article 11 - GEORGIA DOWNTOWN RENAISSANCE FUND ACT (§§ 50-8-260 — 50-8-261) › Section 50-8-261 - Short title; establishment; director; application for assistance; fees; rules and regulations

(a)
This article shall be known and may be cited as the "Georgia Downtown Renaissance Fund Act."
(b)
The Georgia Downtown Renaissance Fund is established within the department for the purpose of assisting local governments, downtown development authorities, urban redevelopment authorities, special districts, and nonprofit organizations with financing and technical assistance to encourage economic and small business development, historic preservation, private investment, public improvements, leadership development, training, design assistance, and financing in the effort of improving downtown districts.
(c)
The commissioner of community affairs shall serve as the director of the fund.
(d)
(1)
Using such funds as may be appropriated, the office may provide assistance to eligible local governments, urban redevelopment authorities, development authorities, or downtown development authorities in the form of technical assistance, loans, loan guarantees, or any combination thereof.
(2)
Appropriated funds by line item in any appropriations Act for the Georgia Downtown Renaissance Fund shall be used for project financing and be disbursed through rules and procedures promulgated by the Office of Downtown Development.
(3)
The initial investment into the Georgia Downtown Renaissance Fund shall be capped on an annual basis of $5 million per year for up to four years, not to exceed $20 million.
(e)
The department may apply for, receive, administer, and use any grant, other financial assistance, or other funds made available to the department from any government or other source for furthering the purposes of the fund.
(f)
Each municipal corporation in this state may make application to the department for assistance in downtown district development. A major criteria to be used in determining the amount of any financial assistance granted by the department from the fund may be the local commitment to the redevelopment of the downtown district.
(g)
The department shall be authorized to charge reasonable application or service fees to offset administrative costs incurred in the administration of the fund.
(h)
The department shall be authorized to promulgate any rules and regulations necessary to implement and administer this Code section.
Added by 2014 Ga. Laws 536,§ 1, eff. 4/16/2014.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 8 - DEPARTMENT OF COMMUNITY AFFAIRS (§§ 50-8-1 — 50-8-301) › Article 12 - METROPOLITAN TRANSPORTATION PLANNING PROCESS (§ 50-8-280) › Section 50-8-280 - Metropolitan Transportation Planning Process established; determination of regional air quality planning area; participating governmental units; funding; policy boards; conflict of laws

(a)
Contiguous local governments within which lie designated portions of the Atlanta Urbanized Area, as defined in
23 U.S.C. Section 101(a) (37)
, or air quality nonattainment areas, as identified under the federal Clean Air Act,
42 U.S.C. Section 7401
, et seq., shall participate in a metropolitan transportation planning process through a metropolitan planning organization established by one or more units of government, or through a metropolitan planning process established through their area regional commission.
(b)
The metropolitan transportation and air quality planning area for each regional commission established pursuant to Code Section
50-8-32
and metropolitan area planning and development commission established pursuant to Code Section
50-8-82
shall be defined by paragraph (1) of subsection (f) of Code Section
50-8-4
.
(c)
Any unit of government that is participating as a limited member of a metropolitan area planning and development commission for transportation purposes and is located outside the planning area defined by paragraph (1) of subsection (f) of Code Section
50-8-4
shall be authorized, on or after July 1, 2015, to designate the local area regional commission to serve as the metropolitan planning organization.
(d)
Any unit of government that is not participating as a limited member of a metropolitan area planning and development commission for transportation purposes shall continue to perform metropolitan planning in accordance with
23 U.S.C. Section 134
.
(e)
Regional commissions and metropolitan area planning and development commissions shall be provided funding by the appropriate state and regional entities to develop a comprehensive transportation and air quality plan for affected local governments within the Atlanta Urbanized Area as defined by the United States Census Bureau and further defined by paragraph (1) of subsection (f) of Code Section
50-8-4
.
(f)
Each regional commission established pursuant to Code Section
50-8-32
and metropolitan area planning and development commission established pursuant to Code Section
50-8-82
shall establish a policy board that shall govern the transportation and air quality planning process for all affected areas, approve plans, and have equal voting representation from affected local governments.
(g)
In the event of any conflict between the provisions of law governing metropolitan planning and development commissions and those governing regional commissions, the laws defined in this Code section shall control and shall govern the metropolitan transportation planning area funding and planning responsibilities.
Added by 2015 Ga. Laws 210,§ 9, eff. 7/1/2015.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 8 - DEPARTMENT OF COMMUNITY AFFAIRS (§§ 50-8-1 — 50-8-301) › Article 13 - GEOSPATIAL ADVISORY COUNCIL (§§ 50-8-300 — 50-8-301) › Section 50-8-300 - Definitions

As used in this article, the term:
(1)
"Commissioner" means the commissioner of community affairs.
(2)
"Department" means the Department of Community Affairs.
Added by 2017 Ga. Laws 65,§ 1, eff. 7/1/2017.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 8 - DEPARTMENT OF COMMUNITY AFFAIRS (§§ 50-8-1 — 50-8-301) › Article 13 - GEOSPATIAL ADVISORY COUNCIL (§§ 50-8-300 — 50-8-301) › Section 50-8-301 - Creation; coordination; meetings; role; regulations

(a)
The Georgia Geospatial Advisory Council shall be created. All data, reports, and other documents of the former Georgia Geospatial Advisory Council as such existed under the Department of Natural Resources prior to June 30, 2017, shall be transferred to the department for use by such newly created council.
(b)
The department shall coordinate the recreation of the Georgia Geospatial Advisory Council. The commissioner, or his or her designee, shall coordinate with state executive branch departments and agencies to appoint members of the council, which may consist of representatives from state departments and agencies, local governments, universities, regional commissions, or any other entity the department determines to be a stakeholder active in the development or consumption of reliable geospatial resources.
(c)
The council shall meet initially upon the call of the commissioner and shall elect a chairperson at the initial meeting. Subsequent meetings shall be called by the chairperson. The members of the council shall serve at the pleasure of the commissioner. Councilmembers shall receive no compensation for their services as members of the council, but their travel expenses, if any, related to the performance of their official duties may be covered by the departments, agencies, or organizations they represent.
(d)
The council shall make recommendations for:
(1)
Utilizing geospatial capabilities in Georgia to meet any federal notification requirements;
(2)
Moving forward to achieve reliable governmental data interoperability and enhanced delivery of services to Georgia citizens through the geospatial approach; and
(3)
Any other aspects of data collection, information optimization, and innovation determined by the council to be necessary for the advancement of geospatial technology.
(e)
The council may closely coordinate its efforts with the Georgia Technology Authority to ensure compliance with all state and federal standards, contracts, and procedures.
(f)
Any reports generated by the council shall be made available on an annual basis by the department to the members of the General Assembly, all departments and agencies of state government, all county and municipal governments, and members of the general public by posting such reports on the appropriate state agency websites.
(g)
The department shall promulgate such rules and regulations as may be reasonable and necessary for the administration of this article.
Added by 2017 Ga. Laws 65,§ 1, eff. 7/1/2017.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-1 - Short title

This article and Article 2 of this chapter shall be known and may be cited as the "Georgia Building Authority Act."
Amended by 2023 Ga. Laws 353,§ 6, eff. 7/1/2023.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-3 - Creation of authority; general powers; membership; officers; quorum; vacancy; expenses; rules

There is created a body corporate and politic to be known as the Georgia Building Authority which shall be deemed to be an instrumentality of the state and a public corporation, and by that name, style, and title the body may contract and be contracted with, implead and be impleaded, and bring and defend actions in all courts. The authority shall consist of the same persons who comprise the State Properties Commission. Each member shall serve under the same terms and conditions as provided for in Code Section
50-16-32
. The state property officer appointed by the Governor pursuant to Code Section
50-16-35
shall serve as executive director of the authority. The authority shall make rules and regulations for its own government. It shall have perpetual existence. Any change in name or composition of the authority shall in no way affect the vested rights of any person under this article and Article 2 of this chapter nor impair the obligations of any contracts existing under this article and Article 2 of this chapter.
Amended by 2005 Ga. Laws 21,§ 3, eff. 4/12/2005.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-4 - Authority assigned for administrative purposes

The authority is assigned to the State Properties Commission for administrative purposes only as prescribed in Code Section
50-4-3
.
Amended by 2005 Ga. Laws 21,§ 4, eff. 4/12/2005.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-6 - [Repealed] Authorization for projects and facilities on Confederate Soldiers' Home property

Repealed by 2015 Ga. Laws 70,§ 2-9, eff. 7/1/2015.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-7 - Authorization for state archives building

In addition to the powers and authority granted under this article and Article 2 of this chapter, the authority shall be authorized and empowered to construct, operate, and maintain under this article and Article 2 of this chapter as a project thereunder a state archives building on property owned or acquired by the state.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-8 - Charges and leases for use of projects

(a)
The authority is authorized to fix rentals and other charges which any department, board, commission, or agency of the state, governmental subdivisions thereof, or other persons, firms, or corporations shall pay to the authority for the use of each project, or part thereof or combination of projects, and to charge and collect the same and to lease and make contracts with any department, board, commission, or agency of the state with respect to the use by an institution or unit under its control of any project or part thereof. Such rentals and other charges shall be so fixed and adjusted in respect to the aggregate thereof from the project or projects for which a single issue of revenue bonds is used, as to provide a fund sufficient with other revenues of the project or projects, if any, to pay:
(1)
The cost of maintaining, repairing, and operating the project or projects, including reserves for extraordinary trust indentures, unless such cost is otherwise provided for, which cost 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 like such institution; and
(2)
The principal of the revenue bonds and the interest thereon as the same becomes due.
(b)
The rentals contracted to be paid by the state or any department, agency, or institution of the state to the authority under leases entered upon pursuant to this article and Article 2 of this chapter shall constitute obligations of the state for the payment of which the good faith of the state is pledged. The rentals shall be paid as provided in the lease contracts from funds appropriated for such purposes by the terms of the Constitution of this state. It shall be the duty of the state or any department, agency, or institution of the state to see to the punctual payment of all such rentals.
(c)
In the event of any failure or refusal on the part of lessees punctually to perform any covenant or obligation contained in any lease entered upon pursuant to this article and Article 2 of this chapter, the authority may enforce performance by any legal or equitable process against lessees, and consent is given for the institution of any such action.
(d)
The authority shall be permitted to assign any rental due it by lessees to a trustee or paying agent as may be required by the terms of any trust indenture entered into by the authority.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-9 - Disruptions of state employees; protection of property

(a)
In that it has been previously declared by state law that the use of the capitol building and grounds shall be limited to departments of state government and to state and national political organizations and for no other purposes unless specifically authorized by law and in that the employees of the departments of state government, and of state agencies, authorities, commissions, boards, bureaus, and other state entities located in the capitol building and other state buildings are engaged in the business of the citizens of the state and should not be unreasonably interrupted in the performance of their public duties, it is, therefore, in the best interest of the state and its citizens that a public policy against such unreasonable disruptions of state employees in the performance of their official duties be declared, and it is in this Code section so declared.
(b)
Without the express written consent of the director of the Georgia Building Authority, his or her designee, or his or her successor in office first having been received and except as otherwise provided by state law, it shall be illegal for any person, firm, group, organization, or other entity to beg, panhandle, solicit, or to sell goods, wares, or any other objects or services within any buildings or on the grounds, sidewalks, or other ways owned by or under the control of the state, its agencies, authorities, commissions, boards, bureaus, or other state entities.
(c)
Any person who violates subsection (b) of this Code section shall be guilty of a misdemeanor.
(d)
The authority or its legal successor shall establish the rules and regulations for and carry out the implementation of this Code section.
(e)
Notwithstanding anything contained in this Code section or elsewhere, subsections (a) and (b) of this Code section shall not be applicable to persons, firms, organizations, corporations, or other entities doing business with the Department of Administrative Services or the activities in relation thereto; and this Code section shall be permissive in nature.
(f)
Certified law enforcement officers employed by the Department of Public Safety and security personnel employed by or under contract with that department shall exercise such powers and duties as are authorized by law to keep watch over and protect the property of the authority in that area designated as Capitol Square by Code Section
50-2-28
. Certified law enforcement officers employed by such department shall have jurisdiction to enforce all laws within such area.
Amended by 2010 Ga. Laws 379,§ 3, eff. 7/1/2010.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-10 - 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 article and Article 2 of this chapter, including rules and regulations to ensure maximum use or occupancy of each such project.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-11 - Acceptance of grants and contributions

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 chapter, 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 bonds 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 purposes for which such grants or contributions may be made.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-12 - Moneys received deemed trust funds

All moneys received pursuant to the authority of this article and Article 2 of this chapter, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues, rents, and earnings, shall be deemed trust funds to be held and applied solely as provided in this article and Article 2 of this chapter.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-13 - Exemption from taxation

It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purpose are in all respects for the benefit of the people of this state and are a public purpose and the authority will be performing an essential governmental function in the exercise of the power conferred upon it by this article and Article 2 of this chapter. 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, rentals, or other charges for the use of such buildings or other income received by the authority and that the bonds of the authority, their transfer, and the income therefrom shall at all times be exempt from taxation within the state. The tax exemption provided in this Code section shall include an exemption from all sales and use tax on property purchased, leased, or used by the authority.
Amended by 2010 Ga. Laws 425,§ 1, eff. 7/1/2010.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-14 - Jurisdiction and venue of actions

Any action to protect or enforce any rights under this article and Article 2 of this chapter shall be brought in the Superior Court of Fulton County, and any action pertaining to validation of any bonds issued under this article and Article 2 of this chapter shall likewise be brought in such court which shall have exclusive, original jurisdiction of such actions.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 1 - GENERAL PROVISIONS (§§ 50-9-1 — 50-9-17) › Section 50-9-17 - Transferred authorities

(a)
As used in this Code section, the term:
(1)
"Authority" means the Georgia Building Authority as set forth in Code Section
50-9-2
.
(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.
(b)
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.
(c)
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.
(d)
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
.
(e)
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.
(f)
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.
Added by 2008 Ga. Laws 442,§ 5, eff. 5/6/2008.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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:
(1)
The interest upon the revenue bonds as the interest falls due;
(2)
The principal of the bonds as the same falls due;
(3)
The necessary charges of paying agents for paying principal and interest; and
(4)
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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
Amended by 2002 Ga. Laws 462, § 50, eff. 4/18/2002.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 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.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 50-9-45 - Authorized investment and deposit securities

The bonds authorized by this article and Article 1 of this chapter are made securities in which all public officers and bodies of this state and all municipalities and all municipal 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 who are 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 municipal subdivisions for any purpose for which the deposit of the bonds or other obligations of this state may be authorized.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 50-9-46 - Validation; parties defendant to action; judgment final and conclusive

Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36, the "Revenue Bond Law." The petition for validation shall also make party defendant to such action any authority, subdivision, instrumentality, or agency of the state which has contracted with the authority for the use of any building, structure, or facilities for which bonds have been issued and sought to be validated; and such authority, subdivision, instrumentality, or agency shall be required to show cause, if any, why such contract or contracts and the terms and conditions thereof should not be inquired into by the court and the validity of the terms thereof determined and the contract adjudicated as security for the payment of any such bonds of the authority. The bonds when validated and the judgment of validation shall be final and conclusive with respect to such bonds and against the authority issuing the same and any authority, subdivision, instrumentality, or agency contracting with the authority.
2023 CODE OF GEORGIA › Title 50 - STATE GOVERNMENT (§§ 50-1-1 — 50-40-84) › Chapter 9 - GEORGIA BUILDING AUTHORITY (§§ 50-9-1 — 50-9-110) › Article 2 - REVENUE BONDS (§§ 50-9-30 — 50-9-47) › Section 50-9-47 - Interests and rights of bondholders not to be adversely affected; provisions constitute contract

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 any department, board, commission, or agency of the state shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of such bonds; and no other entity, department, agency, or authority will be created which will compete with the authority to such an extent as to affect adversely the interests and rights of the holders of the bonds, nor will the state itself so compete with the authority. This article and Article 1 of this chapter shall be for the benefit of the state, the authority, and the holders of any such bonds and, upon the issuance of bonds under the provisions hereof, shall constitute a contract with the holders of the bonds.