- § 32-10-120 - Short Title
This part shall be known and may be cited as the "Georgia Transportation Infrastructure Bank Act."
- § 32-10-121 - Creation; Governance; Corporate Purpose; Types of Accounts
(a) There shall be created within the State Road and Tollway Authority an instrumentality of the state to be known as the Georgia Transportation...
- § 32-10-122 - Definitions
As used in this part, the term: (1) "Bank" means the Georgia Transportation Infrastructure Bank. (2) "Board" means the board of the State Road...
- § 32-10-123 - Authority of the Board
In administering the affairs of the bank, the board may exercise any or all of the powers granted to the authority under Parts 1...
- § 32-10-124 - Power of Board; Meaning of Use of Word "Bank" for Purposes of This Article
(a) In addition to the powers contained elsewhere in this article, the board has all power necessary, useful, or appropriate to fund, operate, and...
- § 32-10-125 - Revenue Sources
(a) The following sources may be used to capitalize the bank and for the bank to carry out its purposes: (1) Appropriations by the...
- § 32-10-126 - Earnings; Establishment of Accounts and Subaccounts; Commingling of Funds
(a) Earnings on balances in the federal accounts must be credited and invested according to federal law. Earnings on state and local accounts must...
- § 32-10-127 - Loans and Other Financial Assistance; Determination of Eligible Projects
(a) The bank may provide loans and other financial assistance to a government unit to pay for all or part of the eligible costs...
- § 32-10-128 - Authority of Qualified Borrowers
(a) Qualified borrowers are authorized to obtain loans or other financial assistance from the bank through financing agreements. Qualified borrowers entering into financing agreements...
- § 32-10-129 - Bank Exempted From Taxes and Assessments
The bank is performing an essential governmental function in the exercise of the powers conferred upon it and shall not be required to pay...
- § 32-10-130 - Withholding of Funds
(a) If a government unit fails to collect and remit in full all amounts due to the bank on the date these amounts are...
- § 32-10-131 - Liability of Officer, Employee, or Committee of Bank
Neither the board nor any officer, employee, or committee of the bank acting on behalf of it, while acting within the scope of this...
- § 32-10-132 - Notice Prior to Action or Referendum Not Required
Notice, proceeding, or publication, except those required in this part, shall not be necessary to the performance of any act authorized in this part...
- § 32-10-133 - Annual Report
Following the close of each state fiscal year, the bank shall submit an annual report of its activities for the preceding year to the...
Last modified: October 14, 2016