Georgia Code, Title 52, Chapter 2 - Georgia Ports Authority

• § 52-2-1 - Short Title
  This chapter may be cited as the "Georgia Ports Authority Act."
• § 52-2-2 - Definitions
  As used in this chapter, the term: (1) "Authority" means the Georgia Ports Authority created by Code Section 52-2-4. (2) "Bonds" or "revenue bonds"...
• § 52-2-3 - Projects Which May Be Considered Self-Liquidating; Lease or Sale of Manufacturing or Processing Facilities; Inclusion in Projects of Leased Facilities and Facilities Acquired for Use As Ports
  Any project shall be deemed self-liquidating if, in the judgment of the authority, the revenues and earnings of the authority or of the project...
• § 52-2-4 - Creation of Authority; Status of Authority As an Instrumentality of State and a Public Corporation
  There is created a body corporate and politic, to be known as the Georgia Ports Authority, which shall be deemed to be an instrumentality...
• § 52-2-5 - Composition of Authority; Appointment, Terms, and Qualifications of Members Generally; Filling of Vacancies; Election of Chairperson, Vice Chairperson, and Secretary-Treasurer; Quorum
  (a) The authority shall consist of 12 members to be appointed by the Governor from the state at large.(b) The nine members of the...
• § 52-2-6 - Compensation of Members and Reimbursement for Expenses
  The members of the authority shall be compensated in the amount of $40.00 per day, plus actual expenses incurred, for each day's service spent...
• § 52-2-7 - Making of Rules and Regulations; Delegation of Powers and Duties; Perpetual Existence of Authority
  The authority shall make necessary rules and regulations for its own government. The authority may delegate to one or more of its members or...
• § 52-2-8 - Eligibility for Membership
  No person shall be eligible for membership on the Georgia Ports Authority who shall also be at the time of appointment or who shall...
• § 52-2-9 - Powers of Authority Generally
  The authority shall have the following powers: (1) To have a seal and alter the same at pleasure; (2) To acquire, hold, and dispose...
• § 52-2-10 - Applicability of Traffic Laws; Enforcement by Peace Officers; Traffic Citations; Issuance of Bench Warrant Upon Failure of Offender to Appear; Enforcement of Dock Related City Ordinances; Venue
  (a) (1) The motor vehicle traffic laws for this state shall apply to all roads within the jurisdiction of the Georgia Ports Authority; provided,...
• § 52-2-11 - Power of Authority to Borrow Money, to Execute Evidences of Indebtedness, and to Secure Such Indebtedness; Sale and Other Disposition of Property; Utilization of Proceeds of Sale
  The Georgia Ports Authority shall have and may exercise the following powers: (1) The authority may borrow money for its corporate purposes and may...
• § 52-2-12 - Funds for Acquisition of Land and Construction of Port Facilities
  The Governor may make available to the Georgia Ports Authority for the purpose of acquiring necessary lands, including improvements thereon, as well as for...
• § 52-2-13 - Approval and Consent of State Properties Commission for Acquisition of Real Property by Authority
  Notwithstanding any other provisions of this chapter, the authority shall not purchase any real property without the approval and consent of the State Properties
• § 52-2-14 - Conveyance of Medical Depot Site to Authority; Power to Sell Conveyed Surplus Lands and Improvements; Power to Borrow and to Issue Revenue Anticipation Certificates
  The Governor of this state is authorized to convey, for and in behalf of the state, title to lands and improvements known as the...
• § 52-2-15 - Revenue Bonds -- Issuance; Payment of Principal and Interest From Special Fund; Dating of Bonds; Determination of Rate of Interest; Time of Maturity; Redemption Before Maturity
  The authority shall have the power and is authorized at one time or from time to time to provide by resolution for the issuance...
• § 52-2-16 - Revenue Bonds -- Form of Bonds; Denominations; Place of Payment of Principal and Interest
  The authority shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations...
• § 52-2-17 - Revenue Bonds -- Signatures; Seal
  In case any officer whose signature appears on any bonds or whose facsimile signature appears on any coupons ceases to be such officer before...
• § 52-2-18 - Revenue Bonds -- Status of Bonds As Negotiable Instruments; Tax Exemption for Bonds and for Income Therefrom
  All revenue bonds issued under this chapter shall have and are declared to have all the qualities and incidents of negotiable instruments under the...
• § 52-2-19 - Revenue Bonds -- Issuance in Coupon, Registered, or Book-Entry Form
  The bonds may be issued in coupon, registered, or book-entry form, as the authority may determine, and provision may be made for the registration...
• § 52-2-20 - Revenue Bonds -- Determination of Price; Use and Manner of Disbursement of Proceeds; Procedure Where Proceeds are Less Than or Greater Than Cost of Projects
  The authority may sell such bonds in such manner and for such price as it may determine to be for the best interests of...
• § 52-2-21 - Revenue Bonds -- Issuance of Interim Receipts, Interim Certificates, and Temporary Bonds; Replacement of Mutilated, Destroyed, or Lost 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...
• § 52-2-22 - Revenue Bonds -- Conditions Precedent to Issuance; Application of Bonds of a Single Issue to Payment of One or More Projects; Effective Date of Resolutions Providing for Issuance; Passage of Resolutions
  Such revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and...
• § 52-2-23 - Revenue Bonds -- Aid by Georgia State Financing and Investment Commission
  Whenever the authority determines to issue its bonds or other obligations, it shall obtain the approval of the Georgia State Financing and Investment Commission...
• § 52-2-24 - Revenue Bonds -- Status of Bonds As a Debt of State or a Pledge of Faith and Credit of State; Issuance As Obligating State to Levy Tax or Make Appropriation; Obligation of State and Authority to Pay Principal and Interest on Bonds Otherwise Than From Earnings of Projects; Recitals on Face of Bonds
  Revenue bonds issued under this chapter shall not be deemed to constitute a debt of the State of Georgia or a pledge of the...
• § 52-2-25 - Revenue Bonds -- Securing of Bonds by Trust Indenture
  In the discretion of the authority, any issue of such revenue bonds may be secured by a trust indenture by and between the authority...
• § 52-2-26 - Revenue Bonds -- Remedies of Bondholders and Trustee
  Any holder of revenue bonds issued under this chapter or any of the coupons appertaining thereto and the trustee under the trust indenture, if...
• § 52-2-27 - Revenue Bonds -- Protection of Rights of 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,...
• § 52-2-28 - 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...
• § 52-2-29 - Revenue Bonds -- Status of Bonds As Legal Investments and As Securities for Deposits
  (a) The bonds authorized in this chapter are made securities in which: (1) All public officers and bodies of this state; (2) All municipalities...
• § 52-2-30 - Revenue Bonds -- Confirmation and Validation of Bonds; Venue of Actions to Confirm and Validate Bonds or to Enforce Rights Under Chapter
  Bonds of the authority shall be confirmed and validated in accordance with the procedure of Chapter 82 of Title 36, the "Revenue Bond Law."...
• § 52-2-31 - Power of Authority to Fix, Revise, and Collect Charges; Factors Governing Determination of Amount of Rentals and Other Charges; Creation, Use, and Disposition of Sinking Fund; Cancellation of Purchased or Redeemed Bonds
  (a) The authority is authorized to fix and to revise from time to time fees, rentals, and other charges for the use of each...
• § 52-2-32 - Status of Contracted-For Rentals As Obligations of State; Payment of Rentals; Power of Authority to Enforce Lessees' Duty to Perform Covenants and Obligations; Assignment of Rentals Due
  (a) The rentals contracted to be paid by the state or any department, agency, or institution of the state to the authority under leases...
• § 52-2-33 - Duty of Authority to Prescribe Rules and Regulations for Operation of Projects; Duty of Authority to Impose and Collect Rentals and Other Charges for Use of Facilities of Projects
  It shall be the duty of the authority to prescribe rules and regulations for the operation of each project constructed under this chapter, including...
• § 52-2-34 - Acceptance of Grants From Federal Agencies and of Contributions of Money and Property From 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 and...
• § 52-2-35 - Requirement As to Competitive Bidding for Contracts for New Construction
  The authority shall have the right to do all new construction under an agency or construction management form of contract without the necessity of...
• § 52-2-36 - Status of Moneys Received Under Chapter As Trust Funds; Provision by Authority for Payment of Moneys to Designated Trustee; Investment of Moneys; Sale of Investments and Reinvestment
  (a) All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of revenue bonds, as grants or other...
• § 52-2-37 - Creation of Authority and Carrying Out of Authority's Corporate Purpose As Constituting a Public Purpose; Covenant With Bondholders As to Tax-Exempt Status of Authority's Property
  It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purpose is in all respects...
• § 52-2-38 - Construction of Chapter
  This chapter, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof.
• § 52-2-39 - Supplemental Nature of Chapter
  This chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded...

Last modified: October 14, 2016