• § 50-23-1 - Short Title
  This article shall be known and may be cited as the "Georgia Environmental Finance Authority Act."
• § 50-23-2 - Legislative Intent; Assumption of Rights, Duties, and Assets of the Georgia Development Authority
  (a) It is found and declared that the availability of adequate environmental facilities is an important element in the ability of a community to...
• § 50-23-3 - Creation; Members; Quorum; Travel and Expenses; Legal Services; Members' Accountability Recordkeeping; Authority Assigned
  (a) There is created a body corporate and politic to be known as the Georgia Environmental Finance Authority which shall be deemed an instrumentality...
• § 50-23-4 - Definitions
  As used in this chapter, the term: (1) "Authority" means the Georgia Environmental Finance Authority. (2) "Bond" includes revenue bond, bond, note, or other...
• § 50-23-5 - Purpose, Powers, and Duties
  (a) The corporate purpose and the general nature of the business of the Georgia Environmental Finance Authority shall be assistance in constructing, extending, rehabilitating,...
• § 50-23-6 - Loans to Local Governments; Repayment
  (a) Reserved.(b) The authority may make loans to a local government to pay all or any part of the cost of a project. The...
• § 50-23-7 - Lease Agreements
  (a) For the purposes of this article, the term "lease agreement" shall mean and include a lease, operating lease rental agreement, usufruct, sale and...
• § 50-23-8 - Issuing and Refunding of Bonds
  (a) The authority shall have the power and is authorized from time to time to issue bonds, in such principal amounts as it may...
• § 50-23-9 - Review of Contracts and Agreements by Environmental Protection Division or Georgia Land Conservation Council
  (a) Except as otherwise provided by Article 6 of Chapter 5 of Title 12, the authority shall not enter into any contract or agreement...
• § 50-23-10 - Bonds of Authority Approved for Investment and Deposit by State, Local Governments, and Others
  The bonds of the authority are made securities in which all public officials and bodies of the state and all municipalities, all insurance companies...
• § 50-23-11 - Pledge of State Not to Alter or Limit the Rights of Bondholders
  The State of Georgia does pledge to and agree with the holders of any bonds issued by the authority pursuant to this article that...
• § 50-23-12 - Personal Liability of Members of Authority, Officers, and Employees
  Neither the members of the authority nor any officer or employee of the authority acting in behalf thereof, while acting within the scope of...
• § 50-23-13 - Liberal Construction; Bonds Exempt From Securities Law; Necessity of Notice, Proceeding, or Publication; Referendums
  The provisions of this article shall be liberally construed to effect the purposes of this article. The offer, sale, or issuance of bonds, notes,...
• § 50-23-14 - Bonds Not Indebtedness of State; Guarantee of Bonds by State
  No bonds, notes, or other obligations of and no indebtedness incurred by the authority shall constitute an indebtedness or obligation or a pledge of...
• § 50-23-15 - Exemptions From Taxation
  It is found, determined, and declared that the creation of this authority and the carrying out of its corporate purposes is in all respects...
• § 50-23-16 - Rights Under Federal Constitution
  The authority shall have all rights afforded the state by virtue of the Constitution of the United States, and nothing in this article shall...
• § 50-23-17 - Approval of Bond Issues and Other Obligations by State Financing and Investment Commission
  The issuance of any bond, revenue bond, note, or other obligation or incurring of debt, public or otherwise, by the authority must be approved...
• § 50-23-18 - Liberal Construction
  This article, being for the welfare of this state and its inhabitants, shall be liberally construed to effect the purposes specified in this article.
• § 50-23-19 - Limitation on Issue of Bonds
  Nothing contained in this article shall permit the authority to issue bonds or revenue bonds at any time when the sum of: (1) The...
• § 50-23-20 - Withholding State Funds From Local Governments or Nongovernmental Entities Failing to Collect and Remit Amounts When Due
  (a) In the event of a failure of any local government or nongovernmental entity to collect and remit in full all amounts due to...
• § 50-23-21 - Grants for Clean Energy Property; Rules and Regulations; Annual Report
  (a) As used in this Code section, the term: (1) "Authority" means the Georgia Environmental Finance Authority. (2) "Clean energy property" includes any of...

Last modified: October 14, 2016