§ 10-9-51. Security; Provisions in Resolution or Trust Indenture for Protection of Bondholder Rights and Remedies; Sinking Fund
Subject to the limitations set forth in this chapter, the authority shall be authorized to provide, directly or through lessees of the project, such security for revenue bonds issued by it as it may determine appropriate. Without limitation of the provisions of subsection (a) of this Code section, in the discretion of the authority, any […]
§ 10-9-52. Enforcement of Rights by Bondholder, Receiver, or Indenture Trustee
Any holder of revenue bonds or interest coupons thereon issued under this article, any receiver for such holders, or any indenture trustee, if there is any, except to the extent the rights given in this article may be restricted by resolution passed before the issuance of the revenue bonds or by the trust indenture, may […]
§ 10-9-53. Payment of Sale Proceeds to Trustee
The authority may, in the resolution providing for the issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds to any officer or person who shall act as trustee or any agency, bank, or trust company or to the Georgia State Financing and […]
§ 10-9-54. Use of Services of Georgia State Financing and Investment Commission; Professional Services for Projects
The authority shall be authorized to utilize the financial advisory and construction related services of the Georgia State Financing and Investment Commission with respect to the issuance of revenue bonds and the investment and disposition of the proceeds thereof and the acquisition, design, planning, and construction of the facilities designated in the resolution authorizing the […]
§ 10-9-55. Refunding Bonds
The authority is authorized to provide by resolution for the issuance of revenue refunding bonds of the authority for the purpose of refunding any revenue bonds issued under this article and then outstanding, together with accrued interest thereon. The issuance of such revenue refunding bonds, and maturities and all other details thereof, the rights of […]
§ 10-9-56. Bonds Made Securities for Investment and Deposit Purposes
The revenue bonds authorized by this article are made securities in which all public officers and bodies of this state and all municipalities and all political subdivisions of this state; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, and savings associations, including savings […]
§ 10-9-57. Validation of Bonds; Applicability of “Revenue Bond law.”
Revenue bonds of the authority shall be confirmed and validated in accordance with the procedures of Article 3 of Chapter 82 of Title 36, the “Revenue Bond Law.” The revenue bonds and any security therefor when validated and the judgment of validation shall be final and conclusive with respect to such revenue bonds and any […]
§ 10-9-58. Legislative Findings; State Covenants
It is found, determined, and declared that the carrying out of the purposes of the authority as defined in this article is in all respects for the benefit of the people of this state and that the purposes are public purposes; that the authority will be performing an essential governmental function in the exercise of […]
§ 10-9-59. Inapplicability of “Georgia Uniform Securities Act of 2008.”
Revenue bonds issued under the authority of this article shall not be a security within the meaning of, and shall not otherwise be subject to any of the provisions of, Chapter 5 of this title, the “Georgia Uniform Securities Act of 2008.” History. Code 1981, § 10-9-59 , enacted by Ga. L. 1988, p. 556, […]
§ 10-9-60. Jurisdiction Over Actions
Any action to protect or enforce any rights under this article shall be brought in the Superior Court of Fulton County, Georgia, and any action pertaining to validation of any revenue bonds issued under this article shall likewise be brought in such court which shall have exclusive, original jurisdiction of such actions. History. Code 1981, […]