• § 12-3-310 - Definitions
  As used in this part, the term: (1) "Authority" means the Lake Lanier Islands Development Authority. (2) "Cost of project" means the cost of...
• § 12-3-311 - Creation of Authority; Delegation of Powers and Duties; Duration of Authority's Existence
  (a) There is created a body corporate and politic to be known as the Lake Lanier Islands Development Authority, which shall be deemed an...
• § 12-3-312 - Membership of Authority; Election of Officers; Bylaws; Quorum; Action by Majority Vote; Voting by Proxy; Effect of Vacancy; Reimbursement for Expenses; Compensation of Employees
  (a) The authority shall consist of nine members as follows: the commissioner of natural resources or his or her designee and eight additional members...
• § 12-3-313 - Accountability of Members As Trustees; Maintenance of Financial Records and Books; Submitting Records, Books, and Statement of Financial Position to State Auditor
  The members of the authority shall be accountable in all respects as trustees. The authority shall keep suitable and proper books and records of...
• § 12-3-314 - Powers of Authority Generally
  The authority shall have power: (1) To have a seal and alter it at pleasure; (2) To acquire, hold, and dispose of personal property...
• § 12-3-314.1 - Master Plan; Creation; Contents; Notice and Hearing on Preliminary Plan; Adherence to Plan; Amendment
  (a) The authority shall, on or before July 1, 1996, cause to be created a master plan for the management, preservation, protection, and development...
• § 12-3-315 - Exercise of Police Powers by Authority; Delegation of Powers
  (a) The authority is empowered to exercise such of the police powers of the state as may be necessary to maintain peace and order...
• § 12-3-316 - Security Force
  The authority shall have the power to contract for or to provide for and maintain a security force with respect to the facilities and...
• § 12-3-317 - Lease Payments by Authority As Constituting Good, Valuable, and Sufficient Consideration
  It is found, determined, and declared that the consideration paid and given and to be paid and given to the State of Georgia by...
• § 12-3-318 - Purposes for Which Income, Gifts, Grants, Appropriations, Bonds, or Loans May Be Used; Consultation With Others; Projects for Lake Lanier Watershed Area
  (a) All income, revenues, gifts, grants, appropriations, bond or loan proceeds, and rights and privileges of value of every nature accruing to the authority...
• § 12-3-319 - Location, Construction, Improvement, and Maintenance of Highways, Streets, Roads, and Rights of Way
  (a) The State Transportation Board, or its successors, and the Department of Transportation are authorized to make such studies and estimates in connection with...
• § 12-3-320 - Power of Authority to Survey, Subdivide, Improve, and Lease Island Property
  The authority is empowered to survey, subdivide, improve, and lease as subdivided any of the property of the islands in Lake Lanier.
• § 12-3-321 - Restrictions Under Lease; Restrictions on Subleasing
  The leasing of the property shall be for not more than 50 years under stringent restrictive limitations as to use, the style and character...
• § 12-3-322 - Leasing of Property by Competitive Bidding
  Only after notice is published once a week for four weeks in the official organs of all the counties bordering Lake Lanier and in...
• § 12-3-323 - Revenue Bonds -- Power of Authority to Issue Bonds; Payment of Principal and Interest; Dating of Bonds; Determination of Maturity Dates, Interest Rates, and Medium of Payments; Redemption Before Maturity
  The authority, or any authority or body which has succeeded or which may in the future succeed to the powers, duties, and liabilities vested...
• § 12-3-324 - Revenue Bonds -- Form of Bonds; Interest Coupons; Denominations; Place of Payment; Issuance in Coupon or Registered Form; Registration of Coupon Bonds
  The authority shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations...
• § 12-3-325 - Revenue Bonds -- Signatures; Seal
  In case any officer whose signature appears on any bonds or whose facsimile signature appears on any coupon ceases to be such officer before...
• § 12-3-326 - Revenue Bonds -- Status As Negotiable Instruments; Tax Exemption for Bonds and Income Therefrom
  All revenue bonds issued under this part shall have and are declared to have all the qualities and incidents of negotiable instruments. Such bonds...
• § 12-3-327 - Revenue Bonds -- Manner of Sale; Determination of Price; Use and Manner of Disbursement of Proceeds
  (a) The authority may sell bonds in such manner and for such price as it may determine to be for the best interests of...
• § 12-3-328 - Revenue Bonds -- Issuance of Interim Receipts, Interim Certificates, and Temporary 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...
• § 12-3-329 - Revenue Bonds -- Replacement of Mutilated, Destroyed, or Lost Bonds
  The authority may provide for the replacement of any bond which becomes mutilated or is destroyed or lost.
• § 12-3-330 - Revenue Bonds -- Bonds; Application of Bonds of a Single Issue As Payment for One or More Projects; Immediate Effectiveness of Resolutions Providing for Issuance of Bonds; Time and Manner of Passage of Resolutions
  Revenue bonds may be issued without the conducting of any proceedings, the existence of any conditions, or the happening of any events other than...
• § 12-3-331 - Revenue Bonds -- Status As Constituting Debt or Pledge of Faith or Credit of State; Effect of Issuance on Obligation of State to Tax or Make Appropriations; Recitals on Face of Bonds
  Revenue bonds issued under this part shall not be deemed to constitute a debt of the State of Georgia or a pledge of the...
• § 12-3-332 - Revenue Bonds -- Securing by Trust Indenture
  (a) In the discretion of the authority, any issue of revenue bonds may be secured by a trust indenture by and between the authority...
• § 12-3-333 - Revenue Bonds -- Designation of Recipient of Bond Proceeds
  The authority shall, in the resolution providing for issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds...
• § 12-3-334 - Revenue Bonds -- Establishment of Sinking Fund for Payment of Principal, Interest, and Other Costs
  (a) The revenues, rents, and earnings derived from any particular project or combined project; any and all funds from any source received by any...
• § 12-3-335 - Revenue Bonds -- Remedies of Bondholders, Coupon Holders, and Trustees
  Except to the extent the rights given in this Code section may be restricted by resolution passed before the issuance of bonds or by...
• § 12-3-336 - 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...
• § 12-3-337 - Revenue Bonds -- Protection of Bondholders; Part As Constituting a Contract With 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,...
• § 12-3-338 - Revenue Bonds -- Validation
  Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36. The...
• § 12-3-339 - Authority Property, Activities, Income, and Bonds Exempt From Taxation and Assessment
  It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purposes are in all respects...
• § 12-3-340 - Conflicts of Interest; Applicability of Other Laws Regulating Conduct; Contracts Voidable by Authority
  (a) Every member of the authority and every employee of the authority who knowingly has any interest, direct or indirect, in any contract to...
• § 12-3-341 - Venue and Jurisdiction of Actions Under Part
  Any action to protect or enforce any rights under this part shall be brought in the Superior Court of Hall County, Georgia, and any...

Last modified: October 14, 2016