Georgia Code, Title 20, Chapter 16 - Georgia Higher Education Facilities Authority

• § 20-16-1 - Short Title
  This chapter shall be known and may be cited as the "Georgia Higher Education Facilities Authority Act."
• § 20-16-2 - Definitions; "Self-Liquidating" Projects
  (a) As used in this chapter, the term: (1) "Authority" means the Georgia Higher Education Facilities Authority. (2) "Board of regents" means the Board...
• § 20-16-3 - Georgia Higher Education Facilities Authority Created; Appointment of Members; Terms of Office; Officers
  (a) There is created a body corporate and politic to be known as the Georgia Higher Education Facilities Authority, which shall be deemed to...
• § 20-16-4 - Powers
  The authority shall have power: (1) To have a seal and alter it at pleasure; (2) To acquire by purchase, lease, or otherwise and...
• § 20-16-5 - Revenue Bonds
  (a) Revenue bonds issued by the authority shall be paid solely from the property (including, but not limited to, real property, fixtures, personal property,...
• § 20-16-6 - Confirmation and Validation of Bonds; Exchangeability and Transferability; Certificate of Validation
  (a) Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36.(b)...
• § 20-16-7 - Provisions of Agreements or Instruments; Use of Bond Proceeds; Subsequent Bond Issues; Issuance of Bond Anticipation Notes
  (a) Subject to the limitations and procedures provided by this Code section and by Code Section 20-16-6, the agreements or instruments executed by the...
• § 20-16-8 - Sale of Bonds
  The authority may sell its bonds in such manner and for such price as it may determine to be for the best interests of...
• § 20-16-9 - Timing of Issuance of Revenue Bonds
  Revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things...
• § 20-16-10 - Bonds Do Not Create a Debt of the State; Recitals on Face of Bonds
  Revenue bonds issued under this chapter shall not be deemed to constitute a debt of the state or a pledge of the faith and...
• § 20-16-11 - Investment in Bonds by Public Officers and Public Bodies
  The bonds authorized in this chapter are made securities in which all public officers and public bodies of this state and all municipalities and...
• § 20-16-12 - Bonds and Income Therefrom Exempt From Taxation
  The creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of...
• § 20-16-13 - Attorney General to Provide Legal Services for the Authority; Accountability
  (a) The Attorney General shall provide legal services for the authority and in connection therewith the provisions of Code Sections 45-15-13 through 45-15-16 shall...
• § 20-16-14 - Jurisdiction
  Any action to protect or enforce any rights under this chapter shall be brought in the Superior Court of Fulton County; and any action...
• § 20-16-15 - Funds Received Pursuant to This Chapter to Be Held in Trust
  All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of revenue bonds, as grants or other contributions,...
• § 20-16-16 - Additional and Alternative Method
  This chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized by this chapter, shall be...
• § 20-16-17 - Liberal Construction of Chapter
  This chapter, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes.
• § 20-16-18 - Creation of Georgia Higher Education Facilities Authority Committee
  (a) There is created as a joint committee of the General Assembly the Georgia Higher Education Facilities Authority Committee to be composed of five...

Last modified: October 14, 2016