§ 32-10-130. Withholding of Funds
If a government unit fails to collect and remit in full all amounts due to the bank on the date these amounts are due under the terms of any note or other obligation of the government unit, the bank shall notify the appropriate state officials who shall withhold all or a portion of the funds […]
§ 32-10-131. Liability of Officer, Employee, or Committee of Bank
Neither the board nor any officer, employee, or committee of the bank acting on behalf of it, while acting within the scope of this authority, is subject to any liability resulting from carrying out any of the powers given in this part. History. Code 1981, § 32-10-131 , enacted by Ga. L. 2008, p. 73, […]
§ 32-10-132. Notice Prior to Action or Referendum Not Required
Notice, proceeding, or publication, except those required in this part, shall not be necessary to the performance of any act authorized in this part nor shall any act of the bank be subject to any referendum. History. Code 1981, § 32-10-132 , enacted by Ga. L. 2008, p. 73, § 2/HB 1019.
§ 32-10-133. Annual Report
Following the close of each state fiscal year, the bank shall submit an annual report of its activities for the preceding year to the Governor, the Lieutenant Governor, and the Speaker of the House of Representatives and make such report available to the General Assembly. The bank also shall submit an annual report to the […]
§ 32-11-1. Ratification, Enactment, and Entry of Compact
The interstate rail passenger network compact is ratified, enacted, and entered into by the State of Georgia with all other states joining the compact in the form substantially as this chapter. History. Code 1981, § 32-11-1 , enacted by Ga. L. 1993, p. 419, § 1.
§ 32-10-110. Venue and Jurisdiction of Actions
Any action to protect or enforce any rights under this article and any action pertaining to validation of any bonds issued under this article brought in the courts of this state shall be brought in the Superior Court of Fulton County, which shall have exclusive original jurisdiction of such actions. History. Ga. L. 1953, Jan.-Feb. […]
§ 32-11-2. Policy
It is the policy of the states party to this compact to cooperate and share the administrative and financial responsibilities concerning the planning of an interstate rail passenger network system connecting major cities in Illinois, Indiana, Kentucky, Tennessee, Georgia, and Florida. The participating states agree that a rail passenger system would provide a beneficial service […]
§ 32-10-120. Short Title
This part shall be known and may be cited as the “Georgia Transportation Infrastructure Bank Act.” History. Code 1981, § 32-10-120 , enacted by Ga. L. 2008, p. 73, § 2/HB 1019.
§ 32-11-3. Economic Impact Study
The states of Illinois, Indiana, Kentucky, Tennessee, Georgia, and Florida (referred to in this chapter as “participating states”) agree, upon adoption of this compact by the respective states, to jointly conduct and participate in a rail passenger network financial and economic impact study. The study must do the following: Carry forward research previously performed by […]
§ 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 […]