§ 32-10-65.1. Expiration of Tolls
Every toll established under this article must expire after a specified period of time and may be extended beyond said time by approval of the State Road and Tollway Authority. History. Code 1981, § 32-10-65.1 , enacted by Ga. L. 1990, p. 8, § 32; Ga. L. 2001, p. 1251, § 2-1.
§ 32-10-65.2. Annual Reporting
The authority shall submit an annual report to the House Committee on Transportation and the Senate Transportation Committee detailing the amount of funds collected pursuant to the exercise of the authority’s toll powers and how such funds have been used or disposed of by the authority. History. Code 1981, § 32-10-65.2 , enacted by Ga. […]
§ 32-10-66. Duty of Authority to Prescribe Rules and Regulations for Projects Generally
It shall be the duty of the authority to prescribe rules and regulations as approved by the department for the operation of each project constructed under this article, including rules and regulations to ensure maximum use of such project. The authority is authorized to promulgate such rules and regulations for the use and occupancy of […]
§ 32-10-67. Study, Financing, Construction, and Operation of New Projects; Cooperation and Assistance of Department of Transportation
The Governor, in his discretion or upon the recommendation of the State Transportation Board, is authorized and empowered to call a joint meeting of the authority and the board for the purpose of initiating all projects which may be considered under the authority of this article. Upon the concurrence of the Governor, a majority of […]
§ 32-10-46. Protection of Interests and Rights of Bondholders
While any of the bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of its officers, employees, or agents shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of such bonds; nor will the state itself in […]
§ 32-10-47. Confirmation and Validation of Bonds
Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36, the “Revenue Bond Law.” History. Ga. L. 1955, p. 124, § 33; Ga. L. 1961, p. 3, § 14; Ga. L. 1967, p. 385, § 32; Code 1933, § 95A-1232, enacted by […]
§ 32-10-32. Form and Issuance of Bonds
The authority shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations of the bonds and the place or places of payment of principal and interest thereof, which may be at any bank or trust company inside or outside of the state. The […]
§ 32-10-48. Adjudication Regarding Lease Contracts and Rental Income
In and as an integral but independent part of the bond validation proceedings under this article, or separately, the authority is given the right to and privilege of a simultaneous or separate right of action or equitable bill against the state, the board, and the department for a declaratory adjudication of the validity and binding […]
§ 32-10-33. Signing Bonds; Affixing Authority’s Seal to Bonds
In case any officer whose signature shall appear on any bonds or whose facsimile signature shall appear on any coupon shall cease to be such officer before the delivery of such bonds, such signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until such delivery. […]
§ 32-10-49. Covenant With Holders of Bonds as to Tax-Exempt Status of Authority Property and Bonds
It is found, determined, and declared that the creation of the authority and the carrying out of its corporate purposes are in all respects for the benefit of the people of this state and that the authority is an institution of purely public charity and will be performing an essential governmental function in the exercise […]