Georgia Code, Title 20, Chapter 3, Article 6 - Private Colleges and Universities Authority

• § 20-3-200 - Short Title
  This article may be cited as the "Private Colleges and Universities Authority Act."
• § 20-3-201 - Definitions
  As used in this article, the term: (1) "Authority" means the Private Colleges and Universities Authority created by this article and any successor or...
• § 20-3-202 - Creation; Membership; Officers; Compensation of Members; Expenses of Members; Organization; Duration; Quorum
  There is created a public body corporate and politic to be known as the Private Colleges and Universities Authority, and by that name, style,...
• § 20-3-203 - Purpose; Powers and Duties
  The purpose of the authority shall be to assist institutions for higher education. The exercise by the authority of the powers conferred by this...
• § 20-3-204 - Issuance of Revenue Bonds; Source of Payment; Negotiability; Terms; Validation; Sale; Interim and Replacement Bonds; Execution; Duration of Liability
  (a) The authority is authorized from time to time to provide by resolution for the issuance of negotiable revenue bonds for the purpose of...
• § 20-3-205 - Immunity From Liability of Members and Persons Executing Bonds or Notes
  Neither the members of the authority nor any person executing bonds or notes on behalf of the authority shall be personally liable thereon by...
• § 20-3-206 - Credit of State or Subdivisions Not Pledged; No Taxation or Appropriation for Authority
  Revenue bonds issued under this article shall not be deemed to constitute a debt or pledge of the faith and credit of this state...
• § 20-3-207 - Remedies of Bondholders
  The authority may, by appropriate resolution, trust indenture, mortgage, or other security agreement, provide the holders of any of its revenue bonds or interest...
• § 20-3-208 - Pledge of and Lien on Revenues to Secure Bonds
  The revenues, rents, purchase payments, financing charges, or other earnings derived from any particular project may be pledged and allocated by the authority pursuant...
• § 20-3-209 - Exemption of Authority and Bonds From Taxation
  The creation of the authority and the carrying out of its corporate purposes is in all respects for the benefit of the people of...
• § 20-3-210 - Interest of Bondholders Protected
  While any of the revenue bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of any of...
• § 20-3-211 - Disposition of Moneys Received by Authority
  (a) All moneys received by the authority pursuant to this article, whether as grants or other contributions or as revenues, rents, or earnings, shall...
• § 20-3-212 - Title to Projects
  The authority may hold title to any project financed by it but shall not be required to do so.
• § 20-3-213 - Venue and Jurisdiction of Actions Under This Article
  The authority's legal situs or residence for the purpose of this article shall be Fulton County. Any action to protect or enforce any rights...
• § 20-3-214 - Liberal Construction of Article
  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