Georgia Code, Title 10, Chapter 9, Article 3 - Revenue Bonds
- § 10-9-40 - Issuance of Bonds Authorized; Purpose
The authority shall have the power and is authorized at one time or from time to time to provide by one or more authorizing...
- § 10-9-41 - Terms and Conditions of Bonds; Form
(a) The revenue bonds of each issue shall be dated, shall bear interest, shall be payable in such medium of payment as to both...
- § 10-9-42 - Signatures; Seal
In case any officer whose signature or facsimile signature appears on any revenue bonds ceases to be an officer before the delivery of the...
- § 10-9-43 - Tax Exemption
The revenue bonds and the interest payable thereon shall be exempt from all taxation within the state imposed by the state or any county,...
- § 10-9-44 - Sale of Bonds; Interest Rate
The authority may sell the revenue bonds in such manner at public or private sale and for such price, rate of interest, and other...
- § 10-9-45 - Use of Proceeds; Issuance of Additional Bonds in Case of Deficit; Use of Surplus
The proceeds of the revenue bonds shall be used solely for the payment of the costs of the project incurred with respect to the...
- § 10-9-46 - Interim Revenue Receipts, Certificates, or Bonds
Prior to the preparation of definitive revenue bonds, the authority may, under like restrictions, issue interim revenue receipts, interim revenue certificates, or temporary revenue...
- § 10-9-47 - Replacement of Mutilated, Destroyed, or Lost Bonds
The authority may also provide for the replacement of any revenue bond which becomes mutilated or is destroyed or lost upon receipt of such...
- § 10-9-48 - Proceedings and Conditions for Issuance; Resolution
The revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and...
- § 10-9-49 - Lease of Facilities; Terms and Conditions; Contracts With Public Entities
(a) (1) Subject to the requirements of paragraph (2) of this subsection, the authority shall operate and manage the facilities financed by the issuance...
- § 10-9-50 - Enforceability Against Authority; Limitation on State Liability
(a) (1) Revenue bonds issued under the authority of this article shall not be deemed to constitute a debt of the state or a...
- § 10-9-51 - Security; Provisions in Resolution or Trust Indenture for Protection of Bondholder Rights and Remedies; Sinking Fund
(a) Subject to the limitations set forth in this chapter, the authority shall be authorized to provide, directly or through lessees of the project,...
- § 10-9-52 - Enforcement of Rights by Bondholder, Receiver, or Indenture Trustee
Any holder of revenue bonds or interest coupons thereon issued under this article, any receiver for such holders, or any indenture trustee, if there...
- § 10-9-53 - Payment of Sale Proceeds to Trustee
The authority may, in the resolution providing for the issuance of revenue bonds or in the trust indenture, provide for the payment of the...
- § 10-9-54 - Use of Services of Georgia State Financing and Investment Commission; Professional Services for Projects
The authority shall be authorized to utilize the financial advisory and construction related services of the Georgia State Financing and Investment Commission with respect...
- § 10-9-55 - 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...
- § 10-9-56 - Bonds Made Securities for Investment and Deposit Purposes
The revenue bonds authorized by this article are made securities in which all public officers and bodies of this state and all municipalities and...
- § 10-9-57 - Validation of Bonds; Applicability of "Revenue Bond Law."
(a) Revenue bonds of the authority shall be confirmed and validated in accordance with the procedures of Article 3 of Chapter 82 of Title...
- § 10-9-58 - Legislative Findings; State Covenants
It is found, determined, and declared that the carrying out of the purposes of the authority as defined in this article is in all...
- § 10-9-59 - Inapplicability of "Georgia Uniform Securities Act of 2008."
Revenue bonds issued under the authority of this article shall not be a security within the meaning of, and shall not otherwise be subject...
- § 10-9-60 - Jurisdiction Over Actions
Any action to protect or enforce any rights under this article shall be brought in the Superior Court of Fulton County, Georgia, and any...
- § 10-9-61 - Cumulative Nature of Authority Powers; Power to Pledge or Assign Rents, Revenues, Earnings, and Funds As Security for Indebtedness
(a) The powers granted to the authority under this article are cumulative and not in derogation of the powers otherwise granted to the authority...
Last modified: October 14, 2016