Georgia Code, Title 50, Chapter 26 - Housing and Finance Authority

• § 50-26-1 - Short Title
  This chapter shall be known and may be cited as the "Georgia Housing and Finance Authority Act."
• § 50-26-2 - Legislative Findings and Declaration of Necessity
  (a) The General Assembly finds that: (1) There exists an inadequate supply of, and a pressing need for, financing and financial assistance to ensure...
• § 50-26-3 - Substitution of Georgia Housing and Finance Authority for Georgia Residential Finance Authority
  The authority shall receive all assets of, and the authority shall be responsible for any contracts, leases, agreements, or other obligations of, the Georgia...
• § 50-26-4 - Definitions
  As used in this chapter, the term: (1) "Authority" means the Georgia Housing and Finance Authority or any subsidiary corporation created by the board...
• § 50-26-5 - Creation of Authority; Composition; Election and Terms of Officers; Expense Allowance; Delegation of Power; Executive Director; Use of Funds; Legal Services Provided by Attorney General
  (a) There is created a body corporate and politic to be known as the Georgia Housing and Finance Authority which shall be deemed to...
• § 50-26-6 - Limitation on Liability
  Neither the members of the authority nor any officer or employee of the authority acting in behalf thereof, while acting within the scope of...
• § 50-26-7 - Powers of Authority Vested in Board of Directors; Quorum; Action Taken by Majority
  (a) The powers of the authority shall be vested in the members of the board of directors in office from time to time; and...
• § 50-26-8 - Powers of Authority
  (a) The authority shall have any and all powers necessary or convenient to its usefulness in carrying out and effectuating the purposes and provisions...
• § 50-26-9 - Power to Issue Bonds and Incur Indebtedness; Exemption From Taxation
  (a) The authority may issue bonds for the purpose of facilitating economic development; for the improvement of public health, safety, and welfare; and for...
• § 50-26-10 - Obligations Not Subject to "Georgia Uniform Securities Act of 2008"; Payment of Operating Costs; Authority's Revenue; Bond Anticipation Notes; Terms of Bond; Replacement of Bond; Validation; Interest Rates
  (a) The offer, sale, or issuance of bonds, notes, or other obligations by the authority shall not be subject to regulation under Chapter 5...
• § 50-26-11 - Bonds As Securities
  The bonds authorized by this chapter are securities in which: (1) All public officers and bodies of this state; (2) All local governments of...
• § 50-26-12 - Payment of Bond Proceeds; Pledges of Proceeds for Payment of Bond
  (a) All or any part of the gross or net revenues and earnings derived from any particular loan or loans and any and all...
• § 50-26-13 - Power to Secure Issuance of Bonds by Trust Agreement or Indenture; Contents of Trust Agreement or Indenture
  (a) Any issue of bonds may be secured by a trust agreement or indenture made by the authority with a corporate trustee, which may...
• § 50-26-14 - Moneys Received Deemed Trust Funds; Pledge of Assets, Funds, and Properties for Payment of Bonds
  (a) All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of bonds or other obligations, as grants...
• § 50-26-15 - Annual and Periodic Audits and Reports Required
  (a) The state auditor shall make an annual audit of the books, accounts, and records of the authority with respect to its receipts, disbursements,...
• § 50-26-16 - Termination of Authority
  The authority and its corporate existence shall continue until terminated by law; provided, however, that no such law shall take effect so long as...
• § 50-26-17 - Powers As to Real Property; Reverse Equity Mortgages; Sale of Qualified Mortgage Bonds; Administration of Alternate Funds; Authority to Issue
  (a) The authority may directly acquire, manage, develop, and dispose of real property and improvements thereon as it deems necessary or desirable to provide...
• § 50-26-18 - Facilitating Economic Development for Enterprises
  Without limiting the generality of the findings and intent of the General Assembly or any provision of this chapter, the authority shall facilitate economic...
• § 50-26-19 - Financing Acquisition, Construction, and Equipping of Health Care Facilities
  (a) The authority may initiate a program of financing the acquisition, construction, and equipping of health care facilities in the state. In furtherance of...
• § 50-26-20 - Competitive Bidding on Contracts Not Required
  A project financed under this chapter is not subject to any statutory requirement of competitive bidding or other restriction imposed on the procedure for...
• § 50-26-21 - Transfer of Assets and Obligations of Hospital Financing Authority to Authority
  The authority shall receive all assets of and the authority shall be responsible for any contracts, leases, agreements, or other obligations of the Hospital...
• § 50-26-22 - Transfer of Personnel to Department of Community Affairs
  Effective July 1, 1996, without diminishing the powers of the authority pursuant to Code Section 50-26-8, all personnel positions authorized by the authority in...

Last modified: October 14, 2016