• § 36-42-1 - Short Title
  This chapter may be referred to as the "Downtown Development Authorities Law."
• § 36-42-2 - Legislative Purpose
  The revitalization and redevelopment of the central business districts of the municipal corporations of this state develop and promote for the public good and...
• § 36-42-3 - Definitions
  As used in this chapter, the term: (1) "Authority" means each public body corporate and politic created pursuant to this chapter. (2) "Cost of...
• § 36-42-4 - Creation of Authorities; Appointment and Terms of Directors; Quorum
  There is created in and for each municipal corporation in this state a public body corporate and politic to be known as the downtown...
• § 36-42-5 - Activation of Authority by Resolution; Filing of Resolution With Secretary of State and Department of Community Affairs; Comments by Department of Community Affairs
  (a) No authority shall transact any business or exercise any powers under this chapter until the governing body of the municipal corporation shall, by...
• § 36-42-6 - Action by Resolution Subsequent to Activating Authority
  The governing body of the municipal corporation may, by proper resolution adopted subsequent to its resolution activating its authority: (1) Change its designation of...
• § 36-42-7 - Qualifications and Reimbursement of Directors; Election of Officers; Training
  (a) Directors shall be: (1) Taxpayers residing in the municipal corporation for which the authority is created; (2) Owners or operators of businesses located...
• § 36-42-8 - Powers of Authorities Generally
  (a) Each authority shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter,...
• § 36-42-8.1 - Eminent Domain by Municipality or Authority
  Repealed by Ga. L. 2006, p. 39, § 20/HB 1313, effective April 4, 2006.
• § 36-42-9 - Revenue Bonds Generally
  (a) Revenue bonds, notes, or other obligations issued by an authority shall be paid solely from the property (including, but not limited to, real...
• § 36-42-10 - Applicability of "Revenue Bond Law"; Form and Provisions for Exchange and Transfer of Bonds; Certificate of Validation; Specification of Interest Rates in Notice to District Attorney or Attorney General
  (a) All bonds issued by the authority under this chapter shall be issued and validated under and in accordance with Article 3 of Chapter...
• § 36-42-11 - Agreements and Instruments of Authority Generally; Use of Proceeds; Subsequent Issues; Bond Anticipation Notes
  (a) Subject to the limitations and procedures provided by this Code section and by Code Section 36-42-10, the agreements or instruments executed by an...
• § 36-42-12 - Obligations of Authorities Not Public Debt of State or Political Subdivision Thereof
  No bonds, notes, or other obligations of, and no indebtedness incurred by, an authority shall constitute an indebtedness or obligation of the State of...
• § 36-42-13 - Constitutional Authority for Enactment of Chapter; Tax Exemption
  This chapter is enacted pursuant to authority granted the General Assembly by the Constitution of Georgia. Each authority created pursuant to this chapter is...
• § 36-42-14 - Effect of Chapter on Other Public Authorities
  This chapter shall not affect any other authority existing as of April 17, 1981, or thereafter under general or local constitutional amendment or under...
• § 36-42-15 - Construction of Chapter; Applicability of the "Georgia Uniform Securities Act of 2008."
  This chapter shall be liberally construed to effect the purposes hereof. The offer, sale, or issuance of bonds, notes, or other obligations by any...
• § 36-42-16 - Creation of Special Districts
  Pursuant to Article IX, Section II, Paragraph VI of the Constitution of the State of Georgia, municipalities may create one or more special districts...
• § 36-42-17 - Priority of Liens Regarding Assessments for Downtown Development Authorities
  A lien for any assessment under Code Section 36-42-16 that relates to any project under subparagraph (B) of paragraph (6) of Code Section 36-42-3...

Last modified: October 14, 2016