§ 20-16-12. Bonds and Income Therefrom Exempt From Taxation
The creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of this state and is a public purpose, and the authority will be performing an essential governmental function in the exercise of the power conferred upon it by this chapter; and this […]
§ 20-16-13. Attorney General to Provide Legal Services for the Authority; Accountability
The Attorney General shall provide legal services for the authority and in connection therewith the provisions of Code Sections 45-15-13 through 45-15-16 shall be fully applicable. The members of the authority shall be accountable in all respects as trustees. The authority shall keep suitable books and records of all actions and transactions and shall submit […]
§ 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 […]
§ 20-16-3. 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 […]
§ 20-17-1. Short Title
This chapter shall be known and may be cited as the “Interstate Compact on Educational Opportunity for Military Children.” History. Code 1981, § 20-17-1 , enacted by Ga. L. 2012, p. 377, § 1/SB 227.
§ 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 […]