reglab/statecodes huggingface dataset:
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-253 - Revenue bonds - Form of bonds; denominations; place of payment of principal and interest; issuance in coupon or registered form; registration of coupon bonds

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 without 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 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-254 - Revenue bonds - Signatures; seal

In case any officer whose signature shall appear on any bonds or whose facsimile signature shall appear on any coupon shall cease to be such officer before the delivery of such bonds, such signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such 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 such bonds shall be duly authorized to so sign, seal, or attest or shall hold the proper office, although at the date of such bonds such persons may not have been so authorized or shall not have held such office.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-255 - Revenue bonds - Status as negotiable instruments

All revenue bonds issued under this part shall have and are declared to have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the state.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-256 - Revenue bonds - Manner of sale; determination of price

The authority may sell such 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 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-257 - Revenue bonds - Use and manner of disbursement of proceeds; procedure where proceeds are less than or greater than cost of projects

The proceeds of such 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 mentioned in Code Section
12-3-262
may provide. If the proceeds of such bonds, by error of calculation or otherwise, shall be less than the cost of the project or combined project, then 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 such deficit, which bonds, 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 are issued, the surplus shall be paid into the fund provided for in Code Section
12-3-264
for the payment of principal and interest of such bonds.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-258 - Revenue bonds - Issuance of interim receipts, interim certificates, and temporary bonds

Prior to the preparation of definitive bonds, the authority may, under the restrictions expressed in Code Section
12-3-257
, issue interim receipts, interim certificates, or temporary bonds, with or without coupons, which receipts, certificates, or temporary bonds shall be exchangeable for definitive bonds upon the issuance of the latter.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-259 - Revenue bonds - Replacement of mutilated, destroyed, or lost bonds

The authority may provide for the replacement of any bond which becomes mutilated or is destroyed or lost.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-260 - Revenue bonds - Bonds of a single issue as payment for one or more projects; immediate effectiveness of resolutions providing for issuance of bonds; time and manner of passage of resolutions

Revenue bonds may be issued without the conducting of any proceedings, or the satisfaction of any conditions, or the happening of any events other than those proceedings, conditions, and events which are specified or required by this part. 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 part shall become effective immediately upon its passage and need not be published or posted; and any such resolution may be passed at any regular or special or adjourned meeting of the authority by a majority of its members.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-261 - Revenue bonds - Status as constituting debt or pledge of faith and credit of state; effect of issuance on obligation of state to tax or make appropriation; recitals on face of bonds

Revenue bonds issued under this part shall not be deemed to constitute a debt of the State of Georgia or a pledge of the faith and credit of the state, but such bonds shall be payable solely from the fund provided for in Code Section
12-3-264
, and the issuance of such 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 their payment. All such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section. Notwithstanding any other provision of this Code section, such funds as may be received from state appropriations or from any other source are declared to be available and may be used by any department, board, commission, or agency of the State of Georgia for the performance of any lease contract entered into by the department, board, commission, or agency.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-262 - Revenue bonds - Securing by trust indenture

(a)
In the discretion of the authority, any issue of such 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.
(b)
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 original purchasers and may also contain provisions concerning the conditions, if any, upon which additional revenue bonds may be issued.
(c)
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.
(d)
The trust 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.
(e)
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.
(f)
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 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-263 - Revenue bonds - Payment of proceeds to 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, person, agency, bank, or trust company. The recipient so designated by the authority shall act as trustee of such funds and shall hold and apply the same to the purposes enumerated in this part, subject to such regulations as this part and such resolution or trust indenture may provide.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-264 - Revenue bonds - Pledging and allocating funds to payment of bonds; establishment of sinking fund for payment of principal, interest, and other costs

(a)
The revenues, rents, and earnings derived from any particular project or combined projects; any and all funds from any source received by any department, board, commission, or agency of the State of Georgia 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, may, unless otherwise pledged and allocated, 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 the trust instrument may provide.
(b)
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 such revenue bonds as such interest shall fall due;
(2)
The principal of the bonds as the same shall fall due;
(3)
The necessary charges of paying agents for paying principal and interest; and
(4)
Any premium upon bonds retired by call or purchase.
(c)
The use and disposition of such 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 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.
(d)
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 purchasing or redemption of bonds, and any such bonds so purchased or redeemed shall forthwith be canceled and shall not again be issued.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-265 - Revenue bonds - Remedies of bondholders, coupon holders, and trustees

(a)
Any holder of revenue bonds or interest coupons issued under this part, any receiver for such holders, or any indenture trustee, if there are any, except to the extent the rights given in this Code section 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 of Georgia or granted by this Code section 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.
(b)
In the event of default of the authority upon the principal and interest obligations of any revenue bond issue, any such bondholder, receiver, or 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, any such bondholder, 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 the individual, receiver, or trustee is representative.
(c)
No bondholder, receiver, or trustee 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.
(d)
Any provision of this part or any other Code section 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 the provisions of Article VII, Section IV of the Constitution of Georgia, and permission is given for the institution of any such proceedings to compel the payment of lease obligations.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-266 - Revenue bonds - Revenue refunding bonds

The authority is authorized to provide by resolution for the issuance 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. 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 the foregoing provisions of this part insofar as the same may be applicable.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-267 - Revenue bonds - Status as legal investment and as securities for deposits

The bonds authorized by this part are made securities in which all public officers and bodies of this state; 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 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 municipal subdivisions for any purpose for which the deposit of the bonds or other obligations of this state is now or may hereafter be authorized.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-268 - Revenue bonds - Protection of bondholders; part as constituting a contract with bondholders

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. 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 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 the provisions of this part, shall constitute a contract with the holders of such bonds.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-269 - Revenue bonds - Validation

Bonds of the authority shall be confirmed and validated in accordance with the procedure provided by Article 3 of Chapter 82 of Title 36. The petition for validation shall also make party defendant to such action any authority, subdivision, instrumentality, or agency of the State of Georgia which has contracted with the Jekyll Island-State Park Authority for the use of any building, structure, or facilities for which bonds have been issued and sought to be validated. 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, 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, department, or agency contracting with the authority.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-270 - Use of rentals and other charges collected from leases and contracts for projects; obligations under lease contracts with authority; failure or refusal of lessee to perform; assignment of rentals due

(a)
The authority is authorized to fix rentals and other charges which any department, board, commission, authority, or agency of the State of Georgia shall pay to the authority for the use of each project, or part thereof, or combination of projects. The authority is also authorized to charge and collect rentals and other charges and to lease and make contracts with any department, board, commission, authority, or agency of the State of Georgia with respect to the use by any 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 issued as to provide a fund sufficient with other revenues of such project or projects, if any, to pay:
(1)
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 of trust indentures, unless such cost shall be 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, sewerage, and other services furnished by other facilities at such institution; and
(2)
The principal of the revenue bonds and the interest thereon as the same shall become 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 part shall constitute obligations of the state for the payment of which the good faith of the state is pledged. Such rentals shall be paid as provided in the lease contracts from funds appropriated for such purposes by the terms of the Constitution of Georgia. 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 the lessees punctually to perform any covenant or obligation contained in any lease entered upon pursuant to this part, 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 the 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 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-271 - Utilization of income and revenues

All income and revenues arising out of the operation of Jekyll Island State Park, and all gifts, grants, appropriations, or bond or loan proceeds made specifically for Jekyll Island State Park, shall be used by the authority for the sole purpose of beautifying, improving, developing, enlarging, maintaining, administering, managing, and promoting Jekyll Island State Park at the lowest rates reasonable and possible for the benefit of the people of the State of Georgia.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-272 - Acceptance by authority 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 part, is authorized 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 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-273 - Moneys received by authority as constituting trust funds

All moneys received pursuant to the authority of 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.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-274 - Authority property, activities, income, and bonds exempt from taxation and assessment

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 constitute a public purpose and that the authority will be performing an essential governmental function in the exercise of the power conferred upon it by this part. 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 upon any fees, rentals, or other charges received by the authority for the use of such buildings, or upon other income received by the authority and that the authority shall be exempt from all sales and use taxes. Further, this state covenants that the bonds of the authority, their transfer, and the income therefrom shall at all times be exempt from all taxation within the state.
Amended by 2007 Ga. Laws 367,§ 10, eff. 5/30/2007.
Amended by 2007 Ga. Laws 209,§ 14, eff. 7/1/2007.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-275 - Venue and jurisdiction for actions under part

Any action to protect or enforce any rights under this part shall be brought in the Superior Court of Fulton County, Georgia, 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.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-276 - Supplemental nature of part

This part 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 powers now existing.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 1 - JEKYLL ISLAND- STATE PARK AUTHORITY (§§ 12-3-230 — 12-3-277) › Section 12-3-277 - Construction of part

This part, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 2 - NORTH GEORGIA MOUNTAINS AUTHORITY (§§ 12-3-290 — 12-3-300) › Section 12-3-290 - Creation of authority as constituting instrumentality of state and public corporation; delegation of powers and duties; duration of authority's existence

(a)
There is created a body corporate and politic to be known as the North Georgia Mountains Authority, which shall be deemed an instrumentality of the State of Georgia and a public corporation, and by that name, style, and title such body may contract and be contracted with, sue and be sued, implead and be impleaded, and complain and defend in all courts.
(b)
The authority may delegate to one or more of its members, or to its agents and employees, such powers and duties as it may deem proper.
(c)
The authority shall exist for 99 years.
(d)
The authority is assigned to the Department of Natural Resources for administrative purposes only.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 2 - NORTH GEORGIA MOUNTAINS AUTHORITY (§§ 12-3-290 — 12-3-300) › Section 12-3-292 - Membership of authority; officers; bylaws; quorum; action by majority vote; vacancies; reimbursement for expenses; compensation of employees

(a)
The authority shall consist of nine members who shall serve terms of four years from the date of their appointment and shall be appointed by the Governor from the same persons who comprise the Board of Natural Resources.
(b)
The Governor shall appoint the chairperson of the authority for a term of one year from among the members of the authority. A member may serve no more than two consecutive terms as chairperson nor more than two terms as chairperson in any one four-year term as a member of the authority. The authority shall elect one of its members as vice chairperson. It shall also elect a secretary and a treasurer who need not be members. The office of secretary and treasurer may be combined in one person.
(c)
The authority may make such bylaws for its government as is deemed necessary but is under no duty to do so.
(d)
Any five members of the authority shall constitute a quorum necessary for the transaction of business; and a majority vote of those present at any meeting at which there is a quorum shall be sufficient to do and perform any action permitted by this part. No vacancy on the authority shall impair the right of a quorum to transact any and all business as aforesaid.
(e)
The unexpired term of any member who ceases to serve from any cause shall be filled in the same manner that such member was originally appointed to the authority.
(f)
The members shall receive no compensation for their services, but all members shall be entitled to be reimbursed for actual expenses, including travel and any other expenses, incurred while in the performance of their duties. Employees of the authority shall receive reasonable compensation, to be determined by the members of the authority, for their services.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 2 - NORTH GEORGIA MOUNTAINS AUTHORITY (§§ 12-3-290 — 12-3-300) › Section 12-3-293 - Accountability of members as trustees; maintenance of financial records and books; submitting records, books, and statement of financial position to state auditor

The members of the authority shall be accountable in all respects as trustees. The authority shall keep suitable and proper books and records of all receipts, income, and expenditures of every kind and shall submit for inspection all of the books together with the proper statement of the authority's financial position at the close of its fiscal year each year to the state auditor. The books and records shall be inspected and audited by the state auditor at least once in each year.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 2 - NORTH GEORGIA MOUNTAINS AUTHORITY (§§ 12-3-290 — 12-3-300) › Section 12-3-295 - Security officers

The North Georgia Mountains Authority is authorized to appoint security officers to safeguard the property of the authority and the safety of the general public. The duly appointed security officers of the authority are authorized, while on the premises over which the authority exercises dominion and control, to carry weapons, to make arrests, and to exercise such of the police power of the state as may be necessary to maintain peace and order and to enforce any and all lawful zoning, user, and personal conduct regulations.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 2 - NORTH GEORGIA MOUNTAINS AUTHORITY (§§ 12-3-290 — 12-3-300) › Section 12-3-296 - Provision of legal services by Attorney General

The Attorney General shall provide legal services for the authority, and in connection therewith Code Sections
45-15-13
through
45-15-16
shall be fully applicable.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 2 - NORTH GEORGIA MOUNTAINS AUTHORITY (§§ 12-3-290 — 12-3-300) › Section 12-3-297 - Lease of state lands to authority

The Governor is authorized to execute for and on behalf of the state a lease of lands owned by the state, or any part or parcel thereof, to the authority for a period not to exceed 50 years.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 2 - NORTH GEORGIA MOUNTAINS AUTHORITY (§§ 12-3-290 — 12-3-300) › Section 12-3-299 - Jurisdiction of authority

The North Georgia Mountains Authority shall exercise all of its powers and engage in the business of its projects within the territorial boundaries and jurisdiction of Banks, Catoosa, Chattooga, Cherokee, Dade, Dawson, Fannin, Forsyth, Franklin, Gilmer, Gwinnett, Habersham, Hall, Lumpkin, Murray, Pickens, Rabun, Stephens, Towns, Union, Walker, White, and Whitfield counties and such other counties as may from time to time be admitted by resolution of the authority.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 2 - NORTH GEORGIA MOUNTAINS AUTHORITY (§§ 12-3-290 — 12-3-300) › Section 12-3-300 - Approval of indebtedness by Georgia State Financing and Investment Commission

Any other provision of this part to the contrary notwithstanding, the authority shall not incur any debt of any kind, whether through contract, mortgage, or otherwise, or encumber any real or personal property in any manner unless such action has been approved in advance, in writing, by the Georgia State Financing and Investment Commission as defined by Article VII, Section IV, Paragraph VII of the Constitution and Article 2 of Chapter 17 of Title 50, the "Georgia State Financing and Investment Commission Act."
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 3 - LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY (§§ 12-3-310 — 12-3-341) › Section 12-3-310 - Definitions

As used in this part, the term:
(1)
"Authority" means the Lake Lanier Islands Development Authority.
(2)
"Cost of project" means the cost of construction; the cost of all lands, properties, rights, easements, and franchises acquired; the cost of all machinery and equipment; financing charges; interest prior to and during construction, and for one year after completion of construction; cost of engineering; architectural and legal expenses, cost of plans and specifications, and other expenses necessary or incident to determining the feasibility or practicability of the project; administrative expense; and such other expenses as may be necessary or incident to the financing authorized by this part. The term also means the construction of any project, the placing of the same in operation, and the condemnation of property necessary for such construction and operation. Any obligation or expense incurred for any of the foregoing purposes shall be regarded as a part of the cost of the project and may be paid or reimbursed as such out of the proceeds of revenue bonds issued under this part for such project.
(3)
"Islands" means such islands in Lake Lanier as were held by the state under a license from the U.S. Army Corps of Engineers on March 9, 1962.
(3.1)
"Master plan" means that document to be created under the auspices of and adopted by the authority of one of its projects and as that master plan may be amended from time to time pursuant to Code Section
12-3-314.1
.
(4)
"Project" means and includes one or a combination of two or more of the following: buildings, facilities, and all structures; electric, gas, steam, water, and sewerage utilities; and improvements of every kind and character deemed by the authority necessary or convenient for its purposes.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 3 - LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY (§§ 12-3-310 — 12-3-341) › Section 12-3-311 - Creation of authority; delegation of powers and duties; duration of authority's existence

(a)
There is created a body corporate and politic to be known as the Lake Lanier Islands Development Authority, which shall be deemed an instrumentality of the State of Georgia and a public corporation and by that name, style, and title such body may contract and be contracted with, sue and be sued, implead and be impleaded, and complain and defend in all courts.
(b)
The authority may delegate to one or more of its members, or to its agents and employees, such powers and duties as it may deem proper.
(c)
The authority shall exist for 99 years and, upon the expiration thereof, shall exist for an additional 40 years.
(d)
The authority is assigned to the Department of Natural Resources for administrative purposes only.
Amended by 2020 Ga. Laws 600,§ 1-1, eff. 8/5/2020.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 3 - LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY (§§ 12-3-310 — 12-3-341) › Section 12-3-312 - Membership of authority; election of officers; bylaws; quorum; action by majority vote; voting by proxy; effect of vacancy; reimbursement for expenses; compensation of employees

(a)
The authority shall consist of nine members as follows: the commissioner of natural resources or his or her designee and eight additional members appointed by the Governor as follows:
(1)
Five members from the state at large;
(2)
One member from Forsyth County;
(3)
One member from Hall County; and
(4)
One member from Gwinnett County.
Each member appointed by the Governor under this Code section shall serve for a term of four years, with the beginning and ending dates of terms to be specified by the Governor, and until his or her successor is appointed and has qualified.
(b)
The Governor shall appoint the chairperson of the authority for a term of one year from among the members of the authority. A member may serve no more than two consecutive terms as chairperson nor more than two terms as chairperson in any one four-year term as a member of the authority. The members of the authority shall elect one of their members as vice chairperson. They shall also elect a secretary and a treasurer who need not be members. The office of secretary and treasurer may be combined in one person.
(c)
The authority may make such bylaws for its government as is deemed necessary, but it is under no obligation to do so.
(d)
Any five members of the authority shall constitute a quorum necessary for the transaction of business; and a majority vote of those present at any meeting at which there is a quorum shall be sufficient to do and perform any action permitted to the authority by this part. However, no person shall be entitled to exercise or cast a proxy vote for any member. No vacancy on the authority shall impair the right of a quorum to transact any and all business as aforesaid.
(e)
The members shall receive no compensation for their services, but all members shall be entitled to be reimbursed for actual expenses, including travel and any other expenses, incurred while in the performance of their duties. Employees of the authority shall receive reasonable compensation, to be determined by the members of the authority, for their services.
(f)
All members of the authority shall immediately enter upon their duties without further act or formality.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 3 - LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY (§§ 12-3-310 — 12-3-341) › Section 12-3-313 - Accountability of members as trustees; maintenance of financial records and books; submitting records, books, and statement of financial position to state auditor

The members of the authority shall be accountable in all respects as trustees. The authority shall keep suitable and proper books and records of all receipts, income, and expenditures of every kind and shall submit for inspection all the books together with the proper statement of the authority's financial position once a year on or about December 31 to the state auditor. The books and records shall be inspected and audited by the state auditor at least once in each year.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 3 - LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY (§§ 12-3-310 — 12-3-341) › Section 12-3-316 - Security force

The authority shall have the power to contract for or to provide for and maintain a security force with respect to the facilities and property owned, leased, operated, or under the control of the authority, and within the territory thereof. The security force shall have the duty to protect persons and property, dispense unlawful or dangerous assemblages, control pedestrian and vehicular traffic, and otherwise preserve and protect the public peace, health, and safety. For these purposes, a member of such force shall be a peace officer and, as such, shall have authority equivalent to the authority of a policeman or law enforcement officer of the county in which he is discharging his duties.
2023 CODE OF GEORGIA › Title 12 - CONSERVATION AND NATURAL RESOURCES (§§ 12-1-1 — 12-17-6) › Chapter 3 - PARKS, HISTORIC AREAS, MEMORIALS, AND RECREATION (§§ 12-3-1 — 12-3-680) › Article 7 - PUBLIC AUTHORITIES (§§ 12-3-230 — 12-3-580) › Part 3 - LAKE LANIER ISLANDS DEVELOPMENT AUTHORITY (§§ 12-3-310 — 12-3-341) › Section 12-3-317 - Lease payments by authority as constituting good, valuable, and sufficient consideration

It is found, determined, and declared that the consideration paid and given and to be paid and given to the State of Georgia by the authority for its leasehold, and privileges thereunder, is good and valuable and sufficient consideration therefor and that this action on the part of the authority and the state is in the interest of the public welfare of the State of Georgia and its citizens.