Georgia Code, Title 50, Chapter 34 - Onegeorgia Authority
- § 50-34-1 - Short Title
(a) This chapter shall be known and may be cited as the "OneGeorgia Authority Act."(b) The General Assembly finds that: (1) Despite the overall...
- § 50-34-2 - Definitions
As used in this chapter, the term: (1) "Authority" means the OneGeorgia Authority or any subsidiary corporation created by the board of directors of...
- § 50-34-3 - Creation, Membership, Power, and Authority of Onegeorgia Authority
(a) There is created a body corporate and politic to be known as the OneGeorgia Authority which shall be deemed to be an instrumentality...
- § 50-34-4 - Limitation on the Authority's 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...
- § 50-34-5 - Powers of the Authority Vested in the Members
(a) The powers of the authority shall be vested in the members of the board of directors in office from time to time; and...
- § 50-34-6 - Powers of the 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...
- § 50-34-7 - Powers to Issue Bonds and Incur Indebtedness
(a) The authority may issue bonds for the purpose of facilitating economic development; for the improvement of public health, safety, and welfare; and for...
- § 50-34-8 - Obligations Not Subject to the "Georgia Uniform Securities Act of 2008"; Setting of Rates, Fees, and Charges for Loans; Power to Issue Bonds
(a) The offer, sale, or issuance of bonds, notes, or other obligations by the authority shall not be subject to regulation under Chapter 5...
- § 50-34-9 - 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...
- § 50-34-10 - Payment of Bond Proceeds
(a) All or any part of the gross or net revenues and earnings derived from any particular loan or loans and any and all...
- § 50-34-11 - Power to Secure Issuance of Bonds by 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...
- § 50-34-12 - All Moneys Received Deemed to Be 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...
- § 50-34-13 - Annual and Biannual Audits and Reports
(a) The state auditor or an independent public accountant retained by the authority shall make an annual audit of the books, accounts, and records...
- § 50-34-14 - Termination of the 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...
- § 50-34-15 - Facilitation of Economic Development for Enterprises Throughout the State
Without limiting the generality of the findings and intent of the General Assembly or any provision of this chapter, the authority shall facilitate economic...
- § 50-34-16 - Competitive Bidding Not a Requirement
A project financed under this chapter is not subject to any statutory requirement of competitive bidding or other restriction imposed on the procedure for...
- § 50-34-17 - Onegeorgia Authority Overview Committee Established; Duties
(a) There is established the OneGeorgia Authority Overview Committee to be composed of one member of the House of Representatives to be appointed by...
- § 50-34-18 - Transfer of Positions Authorized by Authority to Department of Community Affairs
Effective July 1, 2002, without diminishing the powers of the authority pursuant to Code Section 50-34-6, all personnel positions authorized by the authority in...
Last modified: October 14, 2016