- § 32-10-90 - Power of Authority to Issue Bonds Generally; Pledging of Tolls and Other Project Revenues for Payment of Principal and Interest of Bonds; Attributes of Bonds Generally
The authority shall have the power and is authorized, at one time or from time to time, to provide by resolution for the issuance...
- § 32-10-90.1 - Garvee Bond Provisions
(a) As used in this Code section, the term "grant anticipation revenue vehicle" or "garvee bond" means any bond issued by the authority which...
- § 32-10-91 - Obtaining of Loans and Issuance and Sale of Notes and Bonds; Sale of Obligations
The authority may authorize by resolution the following: the obtaining of loans; the issuance and sale of notes; and the issuance and sale of...
- § 32-10-92 - Bonds Authorized by Resolution; Specification of Terms; Public or Private Sale
Bonds issued by the authority shall be authorized by resolution of the authority, be in such denominations, bear such date or dates, and mature...
- § 32-10-93 - Execution, Seal, and Signing of Bonds
All bonds issued by the authority shall be executed in the name of the authority by the chairperson and secretary of the authority and...
- § 32-10-94 - Status of Bonds As Negotiable Instruments; Tax Exemption for Bonds, Their Transfer, and Income Therefrom
All revenue bonds issued under this article shall have and are declared to have all the qualities and incidents of negotiable instruments under the...
- § 32-10-95 - Utilization of Bond Proceeds; Procedure in Cases Where Proceeds are Less Than or Greater Than Cost of Project or Combined Projects
The proceeds of the bonds shall be used solely for the payment of the cost of the project or combined projects and shall be...
- § 32-10-96 - 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...
- § 32-10-97 - Replacement of Lost or Mutilated Bonds
The authority may also provide for the replacement of any bond which becomes mutilated or which is destroyed or lost.
- § 32-10-98 - Conditions Precedent to Taking Effect of Resolutions for Bond Issuance; Issuance of Bonds of a Single Issue for Purpose of Paying Cost of One or More Projects
Resolutions for the issuance of revenue bonds may be adopted without any other proceedings or the happening of any other conditions or things than...
- § 32-10-99 - Credit of State Not Pledged
Revenue bonds issued under this article shall not be deemed to constitute a debt of the State of Georgia or a pledge of the...
- § 32-10-100 - Trust Indenture As Security for Bonds
(a) In the discretion of the authority, any issue of such revenue bonds may be secured by a trust indenture by and between the...
- § 32-10-101 - Payment of Bond Proceeds to Trustee
The authority shall, in the resolution providing for issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds...
- § 32-10-102 - Pledges of Revenues, Tolls, and Earnings; Creation and Disposition of Sinking Funds
(a) The revenues, tolls, and earnings derived from any particular project or projects and all or any part of the revenues, tolls, and earnings...
- § 32-10-103 - Rights and Remedies of Holders of Bonds or Interest Coupons and of Indenture Trustees
Any holders of revenue bonds issued under this article or any of the coupons appertaining thereto, any duly appointed receiver of such bonds or...
- § 32-10-104 - Refunding Bonds
The authority is authorized, subject to any prior resolution or trust indenture, to provide by resolution for the issuance of revenue refunding bonds of...
- § 32-10-105 - Investment of Funds in Bonds; Deposit of Bonds As Securities
The bonds authorized in paragraph (8) of Code Section 32-10-63 and in Code Section 32-10-90 are deemed securities in which (1) all public officers...
- § 32-10-106 - Protection of Interests and Rights of 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,...
- § 32-10-107 - Confirmation and Validation of Bonds
Bonds of the authority shall be confirmed and validated in accordance with Article 3 of Chapter 82 of Title 36, the "Revenue Bond Law."...
- § 32-10-108 - Transfer of Projects to State Highway System Free From Tolls
Upon payment in full of all bonds and the interest thereon and obligations of every nature whatsoever for the payment of which the revenues...
- § 32-10-109 - Covenant With Holders As to Tax-Exempt Status of Authority Property and Bonds
It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purpose are in all respects...
- § 32-10-110 - Venue and Jurisdiction of Actions
Any action to protect or enforce any rights under this article and any action pertaining to validation of any bonds issued under this article...
Last modified: October 14, 2016