§ 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 […]
§ 20-16-3. Georgia Higher Education Facilities Authority Created; Appointment of Members; Terms of Office; Officers
There is created a body corporate and politic to be known as the Georgia Higher Education Facilities Authority, which shall be deemed to be an instrumentality of this state and a public corporation; and by that name, style, and title such body may contract and be contracted with, bring and defend actions, and implead and […]
§ 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 […]
§ 20-16-1. Short Title
This chapter shall be known and may be cited as the “Georgia Higher Education Facilities Authority Act.” History. Code 1981, § 20-16-1 , enacted by Ga. L. 2006, p. 783, § 1/SB 562.
§ 20-16-2. Definitions; “Self-Liquidating” Projects
As used in this chapter, the term: “Authority” means the Georgia Higher Education Facilities Authority. “Board of regents” means the Board of Regents of the University System of Georgia. Reserved. “Bonds” or “revenue bonds” means any bonds issued by the authority under this chapter, including refunding bonds. “Construction” means construction, renovation, improvement, rehabilitation, or restoration. […]