§ 32-11-6. Duties of Council
The council shall do the following: Meet within 30 days after ratification of this agreement by at least two participating states. Establish rules for the conduct of the council’s business, including the payment of the reasonable and necessary travel expenses of council members. Coordinate all aspects of the rail passenger financial and economic impact study […]
§ 32-11-7. Effective Date
This compact becomes effective upon the adoption of the compact into law by at least two of the participating states. Thereafter, the compact becomes effective for another participating state upon the enactment of the compact by the state. History. Code 1981, § 32-11-7 , enacted by Ga. L. 1993, p. 419, § 1.
§ 32-11-8. Repeal
This compact continues in force with respect to a participating state and remains binding upon the state until six months after the state has given notice to each other participating state of the repeal of this chapter. The withdrawal may not be construed to relieve a participating state from an obligation incurred before the end […]
§ 32-11-9. Construction of Compact
This compact shall be liberally construed to effectuate the compact’s purposes. The provisions of this compact are severable. If: A phrase, clause, sentence, or provision of this compact is declared to be contrary to the Constitution of a participating state or of the United States; or The applicability of this compact to a government, an […]
§ 32-10-121. Creation; Governance; Corporate Purpose; Types of Accounts
There shall be created within the State Road and Tollway Authority an instrumentality of the state to be known as the Georgia Transportation Infrastructure Bank. The bank shall be governed by the board of the State Road and Tollway Authority as provided in this chapter. The corporate purpose of the bank is to assist in […]
§ 32-11-4. Assistance by Participating States
The participating states agree to do the following: Make available to each other and to a consulting firm representing a participating state or the compact assistance that is available, including personnel, equipment, office space, machinery, computers, engineering, and technical advice and services. Provide financial assistance for the implementation of the feasibility study that is available. […]
§ 32-10-122. Definitions
As used in this part, the term: “Bank” means the Georgia Transportation Infrastructure Bank. “Board” means the board of the State Road and Tollway Authority. “Department of Transportation” means the Georgia Department of Transportation and its successors. “Eligible costs” means, as applied to a qualified project to be financed from the federal roadway account, the […]
§ 32-11-5. Creation of Advisory Council; Membership
The interstate rail passenger advisory council (referred to in this compact as the “council”) is created. The membership of the council consists of three individuals from each participating state. The Governor, President of the Senate, and Speaker of the House of Representatives shall each appoint one member of the council. History. Code 1981, § 32-11-5 […]
§ 32-10-123. Authority of the Board
In administering the affairs of the bank, the board may exercise any or all of the powers granted to the authority under Parts 1 and 2 of this article, as well as the powers granted in this part. Without limiting the generality of the foregoing, the board is specifically authorized to issue bonds for the […]
§ 32-10-124. Power of Board; Meaning of Use of Word “Bank” for Purposes of This Article
In addition to the powers contained elsewhere in this article, the board has all power necessary, useful, or appropriate to fund, operate, and administer the bank, and to perform its other functions including, but not limited to, the power to: Have perpetual succession; Adopt, promulgate, amend, and repeal bylaws, not inconsistent with provisions in this […]