• § 20-2-550 - Short Title
  This part may be cited as the "Georgia Education Authority (Schools) Act."
• § 20-2-551 - Definitions; When Project Deemed Self-Liquidating
  (a) As used in this part, the term: (1) "Authority" means the Georgia Education Authority (Schools), which was formerly known as the State School...
• § 20-2-552 - Creation; Members, Officers, and Staff; Quorum; Procedural Rules and Regulations; Assignment to Georgia State Financing and Investment Commission
  (a) There is created a body corporate and politic to be known as the Georgia Education Authority (Schools), which shall be deemed to be...
• § 20-2-553 - Powers of Authority
  The authority shall have the power: (1) To have a seal and alter it at pleasure; (2) To acquire by purchase, lease, or otherwise...
• § 20-2-554 - Functions and Powers of Vocational Trade School Building Authority and School Building Authority for the Deaf and Blind Transferred to Authority
  All of the rights, powers, and functions of the Vocational Trade School Building Authority and the School Building Authority for the Deaf and Blind...
• § 20-2-555 - Authority to Issue Revenue Bonds; Terms
  The authority, or any authority or body which has or which may in the future succeed to the powers, duties, and liabilities vested in...
• § 20-2-556 - Form of Bonds; Denominations; Place of Payment; Registration
  The authority shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations...
• § 20-2-557 - Signing, Sealing, and Attesting Bonds
  In case any officer whose signature shall appear on any bonds or whose facsimile signature shall appear on any coupon shall cease to be...
• § 20-2-558 - Bonds Negotiable
  All revenue bonds issued under this part shall have all the qualities and incidents of negotiable instruments under Article 8 of Title 11.
• § 20-2-559 - Manner of Sale and Price of Bonds
  The authority may sell its bonds in such manner and for such price as it may determine to be for the best interests of...
• § 20-2-560 - Use of Bond Proceeds; Additional Bonds
  The proceeds of bonds shall be used solely for the payment of the cost of the project or combined project and shall be disbursed...
• § 20-2-561 - Issuance of Interim Receipts or Certificates or Temporary Bonds
  Prior to the preparation of definite bonds, the authority may, under like restrictions, issue interim receipts, interim certificates, or temporary bonds with or without...
• § 20-2-562 - Replacement of Mutilated, Destroyed, or Lost Bonds
  The authority may also provide for the replacement of any bond which shall become mutilated or be destroyed or lost.
• § 20-2-563 - Compliance With Part Sufficient for Issuance of Bonds; Single Issue for One or More Projects; Adoption of Bond Resolution
  Revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things...
• § 20-2-564 - Bonds Not State Debt; Use of Appropriations and Other Funds for Leases From Authority; Collection of Rentals; Assignment of Payments
  (a) Revenue bonds issued under this part shall not be deemed to constitute a debt of the state or a pledge of the faith...
• § 20-2-565 - Trust Indentures to Secure Bonds; Contents of Indentures or Bond Resolutions; Expenses of Carrying Out Indentures
  (a) In the discretion of the authority, any issue of revenue bonds may be secured by a trust indenture by and between the authority...
• § 20-2-566 - Trustee for Bond Proceeds
  The authority shall, in the resolution providing for the issuance of revenue bonds or in the trust indenture, provide for the payment of the...
• § 20-2-567 - Sinking Fund
  The revenues, rents, and earnings derived from any particular project or combined projects; all sums allocated or paid by the State Board of Education...
• § 20-2-568 - Remedies of Bondholders, Receivers, or Indenture Trustees
  Any holder of revenue bonds or interest coupons issued under this part, any receiver for such holders, or indenture trustee, if any, except to...
• § 20-2-569 - Refunding Bonds
  The authority is authorized to provide by resolution for the issue of revenue refunding bonds of the authority for the purpose of refunding any...
• § 20-2-570 - Bonds Legal Investments; Depositing Bonds
  The bonds authorized in this part are made securities in which all public officers and bodies of this state and all municipalities and all...
• § 20-2-571 - Tax Exemption of Authority's Property, Activities, Charges, and Bonds
  The creation of the authority and the carrying out of its corporate purpose shall be a public purpose and in all respects for the...
• § 20-2-572 - Procedure for Validating Bonds
  Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36. The...
• § 20-2-573 - Venue and Jurisdiction of Actions to Enforce Rights or Validate Bonds
  Any action to protect or enforce any rights under this part shall be brought in the Superior Court of Fulton County; and any action...
• § 20-2-574 - Interests of Bondholders Protected
  While any of the bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of its officers, employees,...
• § 20-2-575 - Acceptance of Grants and Contributions From Federal and 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, rents,...
• § 20-2-576 - Moneys Received Deemed Trust Funds
  All moneys received pursuant to this part, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues,...
• § 20-2-577 - Fixing Rentals, Installment Payments, and Charges for Use of Projects
  The authority is authorized to fix rentals, installment payments of purchase price, and other charges which the various county boards of education, city boards...
• § 20-2-578 - Authority of State and Other Boards of Education to Bargain, Sell, Transfer, Convey, Rent, and Lease Property to Authority
  In addition to the authority granted in this part or otherwise provided by law, express authority and power is given to the State Board...
• § 20-2-579 - Rules and Regulations for Operation of Projects
  It shall be the duty of the authority to prescribe rules and regulations for the operation of each project or combination of projects constructed...
• § 20-2-580 - Power to Issue Revenue Bonds Not Affected
  This part does not in any way take from the various counties or other governmental units or agencies of the state the authority to...
• § 20-2-581 - Part Supplemental and Additional to Other Laws
  This part shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, shall be regarded as...
• § 20-2-582 - Part to Be Liberally Construed
  This part, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes.

Last modified: October 14, 2016