§ 20-2-579. Rules and Regulations for Operation of Projects
It shall be the duty of the authority to prescribe rules and regulations for the operation of each project or combination of projects constructed under this part, including rules and regulations to ensure maximum use or occupancy of each such project. History. Ga. L. 1951, p. 241, § 29.
§ 20-2-580. Power to Issue Revenue Bonds Not Affected
This part does not in any way take from the various counties or other governmental units or agencies of the state the authority to issue revenue bonds for a particular purpose. History. Ga. L. 1951, p. 241, § 33.
§ 20-2-581. Part Supplemental and Additional to Other Laws
This part shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, 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. Ga. L. 1951, p. 241, § 30.
§ 20-2-582. Part to Be Liberally Construed
This part, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes. History. Ga. L. 1951, p. 241, § 31.
§ 20-2-578. Authority of State and Other Boards of Education to Bargain, Sell, Transfer, Convey, Rent, and Lease Property to Authority
In addition to the authority granted in this part or otherwise provided by law, express authority and power is given to the State Board of Education, county boards of education, city boards of education, or governing bodies of independent or quasi-independent districts or systems to bargain, sell, transfer, convey, rent, and lease to the authority […]
§ 20-2-563. Compliance With Part Sufficient for Issuance of Bonds; Single Issue for One or More Projects; Adoption of Bond Resolution
Revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things which are specified or required by this part. In the discretion of the authority, revenue bonds of a single issue may be issued for the purpose of paying the cost of […]
§ 20-2-564. Bonds Not State Debt; Use of Appropriations and Other Funds for Leases From Authority; Collection of Rentals; Assignment of Payments
Revenue bonds issued under this part shall not be deemed to constitute a debt of the state or a pledge of the faith and credit of the state, but such bonds shall be payable solely from the fund provided for in Code Section 20-2-567. The issuance of such revenue bonds shall not directly, indirectly, or […]
§ 20-2-565. Trust Indentures to Secure Bonds; Contents of Indentures or Bond Resolutions; Expenses of Carrying Out Indentures
In the discretion of the authority, any issue of revenue bonds may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside of the state. Such trust indenture may pledge or assign […]
§ 20-2-566. Trustee for Bond Proceeds
The authority shall, 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, or any agency, bank, or trust company which, shall act as trustee of such funds and shall hold […]
§ 20-2-567. Sinking Fund
The revenues, rents, and earnings derived from any particular project or combined projects; all sums allocated or paid by the State Board of Education or Department of Education to the authority for the benefit of and on behalf of any county, city, or independent school district or system or its governing body for the performance […]