Georgia Code, Title 31, Chapter 7, Article 5 - Residential Care Facilities for the Elderly Authorities

• § 31-7-110 - Short Title
  This article shall be known and may be cited as the "Residential Care Facilities for the Elderly Authorities Act."
• § 31-7-111 - Findings; Declaration of Policy
  (a) It is found, determined, and declared that: (1) There exists in this state a seriously inadequate supply of and a critical need for...
• § 31-7-112 - Definitions
  As used in this article, the term: (1) "Authority" means each public corporation created pursuant to this article. (2) "Cost of project" includes: (A)...
• § 31-7-113 - Creation of Residential Care Facilities for the Elderly Authority in Each County and Municipality; Board of Directors
  (a) There is created in and for each county and municipal corporation in this state a public body corporate and politic to be known...
• § 31-7-114 - Powers of Authorities
  (a) Each authority shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this article,...
• § 31-7-115 - Lease or Sale of Projects
  No project acquired under this article shall be operated by an authority, any municipal corporation, county, or other governmental subdivision; but such projects shall...
• § 31-7-116 - Provisions Contained in Obligations and Security for Obligations; Procedures for Issuance of Bonds and Bond Anticipation Notes; Interest Rates; Limitations and Conditions
  (a) The obligations of any authority evidenced by bonds, bond anticipation notes, trust indentures, deeds to secure obligations, security agreements, or mortgages executed in...
• § 31-7-117 - Liability for Bonds or Other Obligations
  No bonds or other obligations of and no indebtedness incurred by any authority shall constitute an indebtedness or obligation of the state or any...
• § 31-7-118 - Exemption From Taxation
  (a) Each authority created under this article is created for nonprofit and public purposes, and it is found, determined, and declared that: (1) The...
• § 31-7-119 - Holding Moneys As Trust Funds; Pledges for Payment of Bonds
  (a) All moneys received pursuant to the authority of this article, whether as proceeds from the sale of revenue bonds or other obligations, as...
• § 31-7-120 - Construction of Article
  This article shall be liberally construed to effect the purposes hereof, and insofar as this article may be inconsistent with any other law, including...

Last modified: October 14, 2016