§ 20-18-1. Creation; Location; Director; Other Personnel
There is created at and in connection with the University System of Georgia, the Center for Rural Prosperity and Innovation to be physically located within a college or institution of the University System of Georgia which awards Bachelor of Science degrees in rural community development. The director of the Center for Rural Prosperity and Innovation […]
§ 20-16-6. Confirmation and Validation of Bonds; Exchangeability and Transferability; Certificate of Validation
Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36. Bonds issued by the authority may be in such form, either coupon or fully registered, or both coupon and fully registered, and may be subject to such exchangeability and transferability provisions, as […]
§ 20-18-2. Assumption of Business and Responsibilities of the Centers of Innovation Agribusiness; Collaboration With Other Entities
The Center for Rural Prosperity and Innovation shall assume the business and responsibilities of the Centers of Innovation Agribusiness administered by the Department of Economic Development. The Center for Rural Prosperity and Innovation, the Department of Economic Development, and the Georgia Department of Agriculture shall collaborate as necessary to achieve the mission provided by Code […]
§ 20-16-7. Provisions of Agreements or Instruments; Use of Bond Proceeds; Subsequent Bond Issues; Issuance of Bond Anticipation Notes
Subject to the limitations and procedures provided by this Code section and by Code Section 20-16-6, the agreements or instruments executed by the authority may contain such provisions not inconsistent with law as shall be determined by the members of the authority. The proceeds derived from the sale of all bonds issued by the authority […]
§ 20-16-8. Sale of Bonds
The authority may sell its bonds in such manner and for such price as it may determine to be for the best interests of the authority. Whenever the authority shall determine to issue its bonds, it shall request the Georgia State Financing and Investment Commission to approve the bonds and carry out other services for […]
§ 20-16-9. Timing of Issuance of Revenue Bonds
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 chapter. In the discretion of the authority, revenue bonds of a single issue may be issued for the purpose of paying the cost of […]
§ 20-16-10. Bonds Do Not Create a Debt of the State; Recitals on Face of Bonds
Revenue bonds issued under this chapter 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 property provided for in Code Section 20-16-5; and the issuance of such revenue bonds shall not directly, indirectly, […]
§ 20-16-11. Investment in Bonds by Public Officers and Public Bodies
The bonds authorized in this chapter are made securities in which all public officers and public bodies of this state and all municipalities and all political 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, […]
§ 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 […]