Georgia Code, Title 20, Chapter 3, Article 5 - Georgia Education Authority (University)
- § 20-3-150 - Short Title
This article may be cited as the "Georgia Education Authority (University) Act."
- § 20-3-151 - Definitions
(a) As used in this article, the term: (1) "Authority" means the Georgia Education Authority (University), which was formerly known as the University System...
- § 20-3-152 - Creation; Members, Officers, and Staff; Quorum; Procedural Rules and Regulations; Assignment to Department of Administrative Services
(a) There is created a body corporate and politic to be known as the Georgia Education Authority (University), which shall be deemed to be...
- § 20-3-153 - Powers of the Authority
The authority shall have powers: (1) To have a seal and alter it at pleasure; (2) To acquire by purchase, lease, or otherwise and...
- § 20-3-154 - 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...
- § 20-3-155 - 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...
- § 20-3-156 - 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...
- § 20-3-157 - Bonds Negotiable; Exemption of Bonds From Taxation
All revenue bonds issued under this article shall have all the qualities and incidents of negotiable instruments under Article 8 of Title 11. Such...
- § 20-3-158 - Manner of Sale and Price of Bonds; Assistance by Georgia Building Authority
The authority may sell its bonds in such manner and for such price as it may determine to be for the best interests of...
- § 20-3-159 - Use of Bond Proceeds; Additional Bonds
The proceeds of revenue bonds issued under this article shall be used solely for the payment of the cost of the project or combined...
- § 20-3-160 - Issuance of Interim Receipts or Certificates or 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...
- § 20-3-161 - 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.
- § 20-3-162 - Compliance With Article 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 or any other conditions or things than those proceedings, conditions, and things...
- § 20-3-163 - Credit of State Not Pledged
Revenue bonds issued under this article shall not be deemed to constitute a debt of the state or a pledge of the faith and...
- § 20-3-164 - Trust Indentures to Secure Bonds; Contents of Indentures or Bond Resolutions; Expenses of Carrying Out Indentures
In the discretion of the authority, any issue of revenue bonds may be secured by a trust indenture by and between the authority and...
- § 20-3-165 - 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...
- § 20-3-166 - Sinking Fund
The revenues, rents, and earnings derived from any particular project or combined project or any and all funds from any source received by the...
- § 20-3-167 - Remedies of Bondholders, Receivers, or Indenture Trustees
Any holder of revenue bonds or interest coupons issued under this article, any receiver for such holders, or indenture trustee, if any, except to...
- § 20-3-168 - 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...
- § 20-3-169 - Bonds Legal Investments or Security Deposits
The bonds authorized in this article are made securities in which all public officers and bodies of this state and all municipalities and all...
- § 20-3-170 - Tax Exemption of Authority's Property, Activities, Charges, and Bonds
The creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of...
- § 20-3-171 - 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...
- § 20-3-172 - Venue and Jurisdiction of Actions to Enforce Rights or Validate Bonds
Any action to protect or enforce any rights under this article shall be brought in the Superior Court of Fulton County; and any action...
- § 20-3-173 - Interests of Bondholders Protected
While any of the bonds issued by the authority remain outstanding, the power, duties, or existence of the authority or of its officers, employees,...
- § 20-3-174 - 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,...
- § 20-3-175 - Moneys Received Deemed Trust Funds
All moneys received pursuant to the authority of this article, whether as proceeds from the sale of revenue bonds; as grants or other contributions;...
- § 20-3-176 - Fixing, Collecting, and Assigning Rentals and Charges for Use of Projects
(a) The authority is authorized to fix rentals and other charges which the board of regents shall pay to the authority for the use...
- § 20-3-177 - 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...
- § 20-3-178 - Accounts; Audits
The accounts of the authority created in this article shall be kept as separate and distinct accounts by the treasurer of the board of...
- § 20-3-179 - Power of Regents to Issue Revenue Bonds Not Affected
This article does not in any way take from the board of regents the authority to issue revenue bonds for a particular purpose.
- § 20-3-180 - Article Provides Additional Method and Powers
This article shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, shall be regarded as...
- § 20-3-181 - Article to Be Liberally Construed
This article, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes.
Last modified: October 14, 2016