reglab/statecodes huggingface dataset:
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 2 - BOARD OF REGENTS AND UNIVERSITY SYSTEM (§§ 20-3-20 — 20-3-96) › Part 3 - STUDENT ORGANIZATION RESPONSIBILITY FOR DRUG ABUSE (§§ 20-3-90 — 20-3-96) › Section 20-3-93 - Circumstances requiring withdrawal of student organization recognition

Notwithstanding any law to the contrary, any student organization functioning in conjunction with, incidental to, or at any university system institution, which through its officers, agents, or responsible members knowingly permits or authorizes the sale, distribution, serving, possession, consumption, or use of marijuana, a controlled substance, or dangerous drug at any affair, function, or activity of that student organization, social or otherwise, when such sale, distribution, serving, possession, consumption, or use is not in compliance with the laws of this state shall have its recognition as a student organization withdrawn, shall be expelled from campus for a minimum of a calendar year from the year of determination of guilt, and shall be prohibited from the use of all property and facilities of the university system institution with which it is affiliated or at which it operates, with any and all leasing, possession, or use agreements respecting the student organization's use of institutional property to be terminated by operation of law for any such knowing, permission, or authorization of the unlawful actions defined in this Code section, subject to the administrative review and hearing procedures set forth in this Code section.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 2 - BOARD OF REGENTS AND UNIVERSITY SYSTEM (§§ 20-3-20 — 20-3-96) › Part 3 - STUDENT ORGANIZATION RESPONSIBILITY FOR DRUG ABUSE (§§ 20-3-90 — 20-3-96) › Section 20-3-94 - Implementation of administrative procedures

Administrative procedures for the implementation of this article shall be promulgated for the educational institutions under management and control by the Board of Regents of the University System of Georgia. Such procedures shall include those elements of due process of law required by the Constitution of the State of Georgia and the United States Constitution.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 2 - BOARD OF REGENTS AND UNIVERSITY SYSTEM (§§ 20-3-20 — 20-3-96) › Part 3 - STUDENT ORGANIZATION RESPONSIBILITY FOR DRUG ABUSE (§§ 20-3-90 — 20-3-96) › Section 20-3-95 - Appeal to Board of Regents of University System of Georgia

A student organization may appeal any adverse institutional level action by the president or his delegate to the Board of Regents of the University System of Georgia in accordance with applicable portions of the bylaws of the board of regents, or, pursuant to such other discretionary or mandatory review procedures as the board may in the future make available. An appeal by a student organization to the board of regents shall not defer the effective date of the adverse action against it pending the board's review unless the board so directs. Any such stay of suspension or expulsion by direction of the board of regents shall expire as of the date of the board's final decision on the matter.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 2 - BOARD OF REGENTS AND UNIVERSITY SYSTEM (§§ 20-3-20 — 20-3-96) › Part 3 - STUDENT ORGANIZATION RESPONSIBILITY FOR DRUG ABUSE (§§ 20-3-90 — 20-3-96) › Section 20-3-96 - Final appeal to superior court

Any student organization which is adversely affected by a decision or action under this part may appeal a final decision of the Board of Regents of the University System of Georgia to the superior court of the county wherein the university system institution is situated, or to the Superior Court of Fulton County, within 20 days after the student organization has been either personally served or mailed a copy of the board of regents' final decision. If the decision is mailed, the time for appeal shall begin on the date mailed; however, an extra three days shall be added to the time for appeal. If there is any evidence in the record to support the decision of the board of regents with regard to the administrative findings of fact, those findings must be upheld by the superior court. Except as provided in this part, appeals to the superior court shall be governed by Chapter 13 of Title 50, the "Georgia Administrative Procedure Act," as amended.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 4 - JUNIOR COLLEGES (§§ 20-3-130 — 20-3-136) › Section 20-3-130 - Short title; name of junior college system

This article shall be known as the "Junior College Act of 1958," and the system established by this article shall be known as the "Junior College Program of the State of Georgia."
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 4 - JUNIOR COLLEGES (§§ 20-3-130 — 20-3-136) › Section 20-3-131 - Definitions

As used in this article, the term:
(1)
"Junior college" means a community educational institution constructed and operated by a local operating authority which shall offer a course of study extending beyond the high school level providing either preparation for further college or completion of education, or both, provided that an institution which otherwise would fall under this definition shall not be excluded solely because it offers courses below a college level if such courses are strictly remedial in nature.
(2)
"Local operating authority" means any city, county, county school system, independent school system, or other political subdivision of the state created for college purposes and possessing the power to tax, which shall possess requisite powers under the Constitution and laws of this state to establish a college, or any combination of two or more of the political subdivisions enumerated in this paragraph which may be authorized under law to utilize the provisions of this article.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 4 - JUNIOR COLLEGES (§§ 20-3-130 — 20-3-136) › Section 20-3-132 - Authority to establish and maintain junior colleges

Every city, county, county school system, independent school system, or other political subdivision of the state possessing a power to tax, which shall possess the requisite powers under the Constitution and laws of this state may either alone or in combination with any other such city, county, county school system, independent school system, or other political subdivision of the state establish, maintain, and operate one or more junior colleges under the terms of and subject to this article.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 4 - JUNIOR COLLEGES (§§ 20-3-130 — 20-3-136) › Section 20-3-133 - Payments from regents to local operating authorities; local support from fees and taxes; audits

There shall be paid to every local operating authority which shall have established a junior college under this article, upon which construction had commenced prior to January 1, 1964, and which is not operated as a unit of the university system under the board of regents an amount which shall be determined on the basis of a budget for each fiscal year, developed pursuant to a formula agreed upon by the local operating authority, the director of the Senate Budget and Evaluation Office, the director of the House Budget and Research Office, and the director of the Office of Planning and Budget. Budgets prepared pursuant to this authority shall be for expenses incurred by a junior college for educational and general expenditures as set forth in the latest edition of the publication entitled "College and University Business Administration." Such formula shall include financial participation from the local operating authority to include student matriculation fees and funds derived from not less than a one-half nor more than a three-fourths mill tax established by the local operating authority on the ad valorem tax digest of its political subdivision. No state funds shall be appropriated for capital construction. Expenditure under this article shall be audited annually by the Department of Audits and Accounts.
Amended by 2014 Ga. Laws 669,§ 20, eff. 4/29/2014.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 4 - JUNIOR COLLEGES (§§ 20-3-130 — 20-3-136) › Section 20-3-134 - Regents to fix policies and standards; inspections and supervision; withholding state funds from substandard junior colleges

The board of regents shall adopt rules and regulations fixing policies and standards entitling the local operating authority to receive state aid for the support of junior colleges and shall have authority to make such inspections and supervision as shall be necessary to ensure that such policies and standards are met as prescribed by the board. If there has been a failure to comply with such policies and standards by any such junior college, the board shall have authority to withhold or terminate the payment of any state funds which would otherwise be due under the terms of this article.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 4 - JUNIOR COLLEGES (§§ 20-3-130 — 20-3-136) › Section 20-3-135 - State funds limited to payments by regents

The sum provided for in Code Section
20-3-133
shall be the only direct financial contribution which the state shall make toward the establishment, maintenance, and operation of any junior college or colleges established under the terms of this article.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 4 - JUNIOR COLLEGES (§§ 20-3-130 — 20-3-136) › Section 20-3-136 - Power to condemn private property for school and educational purposes unaffected

Nothing contained in this article shall repeal or amend any of the provisions of Code Sections
20-2-521
and
20-2-522
, authorizing county boards of education and certain independent and public school systems to condemn private property for school purposes and for any public educational program which is now or may be hereafter authorized by law.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-150 - Short title

This article may be cited as the "Georgia Education Authority (University) Act."
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-151 - Definitions

(a)
As used in this article, the term:
(1)
"Authority" means the Georgia Education Authority (University), which was formerly known as the University System Building Authority. Such change in name of the authority shall in no way affect the identity of the authority or the rights, powers, privileges, or liabilities of the authority or any person under this article.
(2)
"Bonds" or "revenue bonds" means any bonds issued by the authority under this article, including refunding bonds.
(3)
"Cost of the 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 in this article; the construction of any project, the placing of it 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 article for such project.
(4)
"Project" means one or a combination of two or more of the following or any equipment therefor: housing accommodations; buildings and facilities intended for use as classrooms; laboratories; libraries; dormitories; and instructional, administrative, and recreational facilities for students, faculty, officers, and employees of any institution or unit under the control of the board of regents; and all structures, electric, gas, steam, and water utilities, and facilities of every kind and character deemed by the authority necessary or convenient for the efficient operation of any unit which is a part of the university system.
(5)
"Unit" means any institution, school, academy, university, or experiment station at any particular location which forms a part of the university system.
(b)
Any project or combination of projects shall be deemed "self-liquidating," if, in the judgment of the authority, the revenues, rents, or earnings to be derived by the authority therefrom will be sufficient to pay the cost of maintaining, repairing, and operating the project and to pay the principal and interest of revenue bonds which may be issued for the cost of such project, projects, or combination of projects.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-152 - Creation; members, officers, and staff; quorum; procedural rules and regulations; assignment to Department of Administrative Services

(a)
There is created a body corporate and politic to be known as the Georgia Education Authority (University), which shall be deemed to be an instrumentality of this state and a public corporation; and by that name, style, and title said body may contract and be contracted with, bring and defend actions, and implead and be impleaded. The authority shall consist of six members, as follows: the Governor, an appointee of the Governor who is not the Attorney General, the state auditor, the chairman of the board of regents, the director of the Office of Planning and Budget, and the chancellor of the university system.
(b)
The authority shall elect one of its members as chairperson and another as vice chairperson and a secretary and treasurer, who need not necessarily be a member of the authority . The majority of the members of the authority shall constitute a quorum. No vacancy on the authority shall impair the right of the quorum to exercise all the rights and perform all the duties of the authority. The members of the authority shall not be entitled to compensation for their services but shall be entitled to and shall be reimbursed for their actual expenses necessarily incurred in the performance of their duties. 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 the provisions of this article or impair the obligations of any contracts existing under this article.
(c)
The authority is assigned to the Department of Administrative Services for administrative purposes only as prescribed in Code Section
50-4-3
.
Amended by 2024 Ga. Laws 609,§ 3-2, eff. 5/6/2024.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-154 - Authority to issue revenue bonds; terms

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 by this article shall have power at one time or from time to time to provide by resolution for the issuance of negotiable revenue bonds of the authority for the purpose of paying all or any part of the cost, as defined in this article, of any one project or combination of projects. The principal and interest of such revenue bonds shall be payable solely from the special fund provided in this article for such payment. The bonds of each issue shall be dated; shall bear interest at such rate or rates as may be determined by the authority, payable semiannually; shall mature at such time or times not exceeding 30 years from their date or dates, except that "Georgia Education Authority (University) Student Housing Revenue Bonds" may mature at such time or times not exceeding 40 years from their date or dates; shall be 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 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-155 - Form of bonds; denominations; 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 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-156 - Signing, sealing, and attesting bonds

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 or 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 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-157 - Bonds negotiable; exemption of bonds from taxation

All revenue bonds issued under this article shall have all the qualities and incidents of negotiable instruments under Article 8 of Title 11. Such bonds and the income thereof shall be exempt from all taxation within the state.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-158 - Manner of sale and price of bonds; assistance by Georgia Building Authority

The authority may sell its bonds in such manner and for such price as it may determine to be for the best interests of the authority. Whenever the authority shall determine to issue its bonds, it shall call upon the Georgia Building Authority to render advice and to perform, as its agent, ministerial services for the authority in connection with the marketing of such bonds.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-159 - Use of bond proceeds; additional bonds

The proceeds of revenue bonds issued under this article 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
20-3-164
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, 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 cover the amount of such deficit. Unless otherwise provided in the resolution authorizing the issuance of the bonds or in the trust indenture, such additional bonds shall be deemed to be of the same issue and shall be entitled to payment from the same fund, without preference or priority, as 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
20-3-166
for the payment of principal and interest of such bonds.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-160 - Issuance of interim receipts or certificates or temporary bonds

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 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-161 - Replacement of mutilated, destroyed, or lost bonds

The authority may also provide for the replacement of any bond which shall become mutilated or be destroyed or lost.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-162 - Compliance with article sufficient for issuance of bonds; single issue for one or more projects; adoption of bond resolution

Revenue bonds may be issued without any other proceedings or the happening or any other conditions or things than those proceedings, conditions, and things which are specified or required by this article. 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 shall become effective immediately upon its passage and need not be published or posted. 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 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-163 - Credit of state not pledged

Revenue bonds issued under this article shall not be deemed to constitute a debt of the state 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
20-3-166
; 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; and all such bonds shall contain recitals on their face covering substantially the foregoing provisions of this Code section; provided, however, such funds as may be received from state appropriations or from any other source are declared to be available and may be used by the board of regents for the performance of any lease contract entered into by the board.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-164 - Trust indentures to secure bonds; contents of indentures or bond resolutions; expenses of carrying out indentures

In the discretion of the authority, any issue of revenue bonds may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside of the state. Such trust indenture may pledge or assign rents, revenues, and earnings to be received by the authority. Either the resolution providing for the issuance of revenue bonds or such trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of the authority in relation to the acquisition of property; the construction of the project; the maintenance, operation, repair, and insurance of the project; and the custody, safeguarding, and application of all moneys; may also provide that any project shall be constructed and paid for under the supervision and approval of consulting engineers or architects employed or designated by the authority and satisfactory to the original purchasers of the bonds issued therefor; may also require that the security given by contractors and by any depositary 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 depositary and to furnish such indemnifying bonds or pledge such securities as may be required by the authority. Such indenture may set forth the rights and remedies of the bondholders and of the 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, such trust indenture may contain such other provisions as the authority may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out such trust indenture may be treated as a part of the cost of maintenance, operation, and repair of the project affected by such indenture.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-165 - Trustee for bond proceeds

The authority shall in the resolution providing for the issuance of revenue bonds or in the trust indenture provide for the payment of the proceeds of the sale of the bonds to any officer or person who, or any agency, bank, or trust company which, shall act as trustee of such funds and shall hold and apply them to the purposes of this article, subject to such regulations as this article and such resolution or trust indenture may provide.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-166 - Sinking fund

The revenues, rents, and earnings derived from any particular project or combined project or any and all funds from any source received by the board of regents 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 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 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 as provided in Code Section
20-3-154
.
The use and disposition of such sinking funds 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. Subject to the provisions of the resolution authorizing the issuance of the bonds or in the trust indenture, surplus moneys in the sinking fund may be applied to the purchase or redemption of bonds; and any such bonds so purchased or redeemed shall forthwith be canceled and shall not again be issued.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-167 - Remedies of bondholders, receivers, or indenture trustees

Any holder of revenue bonds or interest coupons issued under this article, any receiver for such holders, or indenture trustee, if 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 by action, mandamus, or other proceedings protect and enforce any and all rights under the laws of this state or granted under this article or under such resolution or trust indenture and may enforce and compel performance of all duties required by this article or by resolution or trust indenture to be performed by the authority or any officer thereof, including the fixing, charging, and collecting of revenues, rents, and other charges for the use of the project or projects, and, in the event of default of the authority upon the principal and interest obligations of any revenue bond issue, shall be subrogated to each and every right, specifically including the contract rights of collecting rental, which the authority may possess, against the board of regents or other contracting or leasing department, agency, or institution of the state. In the pursuit of his or its remedies as subrogee, such individual, receiver, or trustee may proceed by action, mandamus, or other proceedings to collect any sums by such proceedings due and owing to the authority and pledged or partially pledged directly or indirectly to the benefit of the revenue bond issue of which such individual, receiver, or trustee is representative. No holder of any such bond or receiver or indenture trustee thereof shall have the right to compel any exercise of the taxing power of the state to pay any such bond or the interest thereon or to enforce the payment thereof against any property of the state; nor shall any such bond constitute a charge, lien, or encumbrance, legal or equitable, upon the property of the state; provided, however, any provision of this article or any other Act 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 with Article VII, Section IV, Paragraph III 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 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-168 - 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 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 such bonds shall be governed by Code Sections
20-3-151
through
20-3-167
insofar as they may be applicable.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-169 - Bonds legal investments or security deposits

The bonds authorized in this article 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 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 authorized.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-170 - Tax exemption of authority's property, activities, charges, and bonds

The creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of this state and is 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 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.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-171 - Procedure for validating bonds

Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36. The petition for validation shall 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 other 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 with respect to such bonds shall be final and conclusive against the authority issuing them and against any other authority, subdivision, instrumentality, or agency contracting with the authority.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-172 - Venue and jurisdiction of actions to enforce rights or validate bonds

Any action to protect or enforce any rights under this article shall be brought in the Superior Court of Fulton County; and any action pertaining to validation of any bonds issued under this article shall likewise be brought in such court, which shall have exclusive, original jurisdiction of such actions.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-173 - Interests of bondholders protected

While any of the bonds issued by the authority remain outstanding, the power, duties, or existence of the authority or of its officers, employees, or agents or of the board of regents or of any other state agency or department 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 such bonds; nor will the state itself so compete with the authority. This article shall be for the benefit of the state, the authority, and the holders of any such bonds and, upon the issuance of bonds under this article, shall constitute a contract with the holders of such bonds.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-174 - Acceptance of grants and contributions from federal and other sources

The authority, in addition to the moneys which may be received from the sale of revenue bonds and from the collection of revenues, rents, and earnings derived under this article, 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 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-175 - Moneys received deemed trust funds

All moneys received pursuant to the authority of this article, 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 article.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-176 - Fixing, collecting, and assigning rentals and charges for use of projects

(a)
The authority is authorized to fix rentals and other charges which the board of regents shall pay to the authority for the use of each project or part thereof or combination of projects, to charge and collect them, and to lease and make contracts with political subdivisions and agencies and with the board 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 or 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, sewer, and other services furnished by other facilities at such institution; and
(2)
The principal of the revenue bonds and the interest thereon as they shall become due.
(b)
The rentals contracted to be paid by the board or other leasing department, agency, or institution of the state to the authority under leases entered upon pursuant to this article 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 board or other leasing 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, 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 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-177 - 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, including rules and regulations to ensure maximum use or occupancy of each such project.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-178 - Accounts; audits

The accounts of the authority created in this article shall be kept as separate and distinct accounts by the treasurer of the board of regents and shall be subject to audit by the Department of Audits and Accounts.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-179 - Power of regents to issue revenue bonds not affected

This article does not in any way take from the board of regents the authority to issue revenue bonds for a particular purpose.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-180 - Article provides additional method and powers

This article shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 5 - GEORGIA EDUCATION AUTHORITY (UNIVERSITY) › Section 20-3-181 - Article to be liberally construed

This article, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 6 - PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY (§ 20-3-200) › Section 20-3-200 - through 20-3-214 - [Reserved]

Reserved. Repealed by Ga. L. 2019, p. 919, § 7-1/HB 553, effective July 1, 2019.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 1 - GEORGIA STUDENT FINANCE COMMISSION (§§ 20-3-230 — 20-3-242) › Section 20-3-230 - Short title

This part shall be known and may be cited as the "Georgia Student Finance Commission Act."