It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purposes are in all respects for the benefit of the people of this state and constitute a public purpose and that the authority will be performing an essential governmental function in the exercise of the powers conferred upon it by this part. The State of Georgia covenants that the authority shall be required to pay no taxes or assessments upon any of the property acquired by it or under its jurisdiction, control, possession, or supervision or upon its activities in the operation or maintenance of the facilities erected, maintained, or acquired by it or any fees, rentals, or other charges for the use of such facilities or other income received by the authority; provided, however, in no event shall the exemptions granted in this Code section extend to any lessee or other private person or entity.
Section: Previous 12-3-520 12-3-521 12-3-522 12-3-522.1 12-3-523 12-3-524 12-3-524.1 12-3-525 12-3-526 12-3-527 12-3-528 12-3-529 12-3-530 12-3-531 12-3-532 NextLast modified: October 14, 2016