Georgia Code, Title 50, Chapter 10 - Georgia Development Authority

• § 50-10-1 - Short Title
  This chapter may be cited as the "Georgia Development Authority Act."
• § 50-10-2 - Legislative Intent
  (a) It is the purpose and intent of this chapter to provide an instrumentality to assist agricultural and industrial interests in their effort to...
• § 50-10-3 - Creation of Authority; Administration by Agriculture Department
  (a) There is created a body corporate and politic to be known as the Georgia Development Authority which shall be deemed an instrumentality of...
• § 50-10-4 - Purpose; Powers Under Business Corporation Law; Prohibition Against Loans to Persons Convicted of Controlled Substance Offense
  (a) The corporate purpose and the general nature of the business of the Georgia Development Authority shall be: (1) Rural rehabilitation permissible under the...
• § 50-10-5 - Powers and Duties
  (a)(1) In addition to, and not in limitation of, the powers granted in this chapter, the Georgia Development Authority shall have and may exercise...
• § 50-10-6 - Exemption From Taxation
  It is found, determined, and declared that the creation of this authority and the carrying out of its corporate purposes are in all respects...
• § 50-10-7 - Certain Notes Exempt From Intangible Tax
  Long-term notes secured by real estate and held by the authority or its assignees shall be exempt from the intangible recording tax imposed by...
• § 50-10-8 - Approval of Bond Issues by Financing and Investment Commission
  The issuance of any bond, revenue bond, note, or other obligation or incurring of debt, public or otherwise, by the authority must be approved...
• § 50-10-9 - Rights Under Federal Constitution
  The authority shall have all rights afforded the state by virtue of the Constitution of the United States, and nothing in this chapter shall...
• § 50-10-10 - Liberal Construction
  This chapter, being for the welfare of this state and its inhabitants, shall be liberally construed to effect the purposes specified in this chapter.

Last modified: October 14, 2016