§ 20-3-162. Compliance With Article 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 or any other conditions or things than those proceedings, conditions, and things which are specified or required by this article. In the discretion of the authority, revenue bonds of a single issue may be issued for the purpose of paying the cost of […]
§ 20-3-163. Credit of State Not Pledged
Revenue bonds issued under this article 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 20-3-166; and the issuance of such revenue bonds shall not directly, indirectly, […]
§ 20-3-164. 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 […]
§ 20-3-165. 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 […]
§ 20-3-166. Sinking Fund
The revenues, rents, and earnings derived from any particular project or combined project or any and all funds from any source received by the board of regents and pledged and allocated by it to the authority as security for the performance of any lease or leases or any and all revenues, rents, and earnings received […]
§ 20-3-167. Remedies of Bondholders, Receivers, or Indenture Trustees
Any holder of revenue bonds or interest coupons issued under this article, any receiver for such holders, or indenture trustee, if any, except to the extent the rights given in this Code section may be restricted by resolution passed before the issuance of the bonds or by the trust indenture, may by action, mandamus, or […]
§ 20-3-168. Refunding Bonds
The authority is authorized to provide by resolution for the issue 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, the maturities and all other details thereof, the rights of […]
§ 20-3-153. Powers of the Authority
The authority shall have powers: 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 […]
§ 20-3-169. Bonds Legal Investments or Security Deposits
The bonds authorized in this article are made securities in which all public officers and bodies of this state and all municipalities and all municipal subdivisions; 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 and loan associations, building […]
§ 20-3-154. Authority to Issue Revenue Bonds; Terms
The authority or any authority or body which has or which may in the future succeed to the powers, duties, and liabilities vested in the authority created by this article shall have power at one time or from time to time to provide by resolution for the issuance of negotiable revenue bonds of the authority […]