- § 36-41-1 - Short Title
This chapter shall be known and may be cited as the "Urban Residential Finance Authorities Act for Large Municipalities."
- § 36-41-2 - Legislative Findings and Declaration of Public Necessity
It is found, determined, and declared: (1) That there exists within the large municipalities of the state a serious shortage of decent, safe, and...
- § 36-41-3 - Definitions
As used in this chapter, the term: (1) "Authority" means any public corporation created by this chapter. (2) "Bonds" means any bonds, including refunding...
- § 36-41-4 - Creation of Authority; Governing Board; Filing of Resolutions With Secretary of State; Filling of Vacancies on Board; Officers; Compensation of Members of Board; Promulgation of Rules and Regulations
There is created in and for each municipality of this state, as defined in paragraph (11) of Code Section 36-41-3, a public body corporate,...
- § 36-41-5 - Powers of Authority Generally; Establishment of Administrative Guidelines for Determination of Eligibility
(a) Except as otherwise limited by this chapter, each authority shall have the power: (1) To bring and defend actions; (2) To have a...
- § 36-41-6 - Loans to Qualified Housing Sponsors or Eligible Households; Loans to Lending Institutions
(a) With respect to the power to make loans set forth in subsection (a) of Code Section 36-41-5, each authority may make loans to...
- § 36-41-7 - Purchase of Mortgages or Security Interests or Participations Therein
(a) With respect to the power to purchase mortgages or security interests or participations therein from lending institutions as set forth in subsection (a)...
- § 36-41-8 - Issuance of Revenue Bonds; Use and Commitment of Funds; Form and Contents of Bonds; Execution; Sale; Temporary Bonds; Refunding Bonds; Trust Indenture; Validation of Bonds; Bonds As Authorized Investments
(a) Each authority shall have the power and is authorized, at one time or from time to time, to issue its revenue bonds in...
- § 36-41-9 - Pledge of Assets for Payment of Bonds
Each authority may pledge for the payment of its bonds such assets, funds, contract rights, and properties as the resolution providing for the issuance...
- § 36-41-10 - Bonds or Obligations Not Public Debt
No bonds or other obligations of and no indebtedness incurred by any authority shall constitute an indebtedness or obligation of the state or any...
- § 36-41-11 - Tax Exemptions
As each authority will be performing essential governmental functions in the exercise of the powers conferred upon it by this chapter, the state covenants...
- § 36-41-12 - Competition With Georgia Housing and Finance Authority
No authority shall compete with the Georgia Housing and Finance Authority to such an extent as to affect adversely the interests and rights of...
- § 36-41-13 - Annual Audit
Each authority and each trustee acting on behalf of an authority shall submit to an annual independent audit performed by a qualified firm selected...
Last modified: October 14, 2016