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§ 20-16-14. Jurisdiction

Any action to protect or enforce any rights under this chapter shall be brought in the Superior Court of Fulton County; and any action pertaining to validation of any bonds issued under this chapter shall likewise be brought in such court, which shall have exclusive, original jurisdiction of such actions. History. Code 1981, § 20-16-14 […]

§ 20-16-15. Funds Received Pursuant to This Chapter to Be Held in Trust

All moneys received pursuant to the authority of this chapter, whether as proceeds from the sale of revenue bonds, as grants or other contributions, or as revenues, rents, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. History. Code 1981, § 20-16-15 , enacted […]

§ 20-16-16. Additional and Alternative Method

This chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized by this chapter, shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing. History. Code 1981, § 20-16-16 , enacted […]

§ 20-16-17. Liberal Construction of Chapter

This chapter, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes. History. Code 1981, § 20-16-17 , enacted by Ga. L. 2006, p. 783, § 1/SB 562.

§ 20-16-18. Creation of Georgia Higher Education Facilities Authority Committee

There is created as a joint committee of the General Assembly the Georgia Higher Education Facilities Authority Committee to be composed of five members of the House of Representatives appointed by the Speaker of the House, two of whom shall be members of the minority party, five members of the Senate appointed by the Senate […]

§ 20-16-4. Powers

The authority shall have power: To have a seal and alter it at pleasure; To acquire by purchase, lease, or otherwise and to hold, lease, and dispose of real and personal property of every kind and character for its corporate purposes; To acquire in its own name by purchase, on such terms and conditions, and […]

§ 20-16-5. Revenue Bonds

Revenue bonds issued by the authority shall be paid solely from the property (including, but not limited to, real property, fixtures, personal property, revenues, or other funds) pledged, mortgaged, conveyed, assigned, hypothecated, or otherwise encumbered to secure or to pay such bonds. No revenue bonds shall be issued by the authority under this chapter unless […]