§ 36-42-12. Obligations of Authorities Not Public Debt of State or Political Subdivision Thereof
No bonds, notes, or other obligations of, and no indebtedness incurred by, an authority shall constitute an indebtedness or obligation of the State of Georgia or any county, municipal corporation, or political subdivision thereof, nor shall any act of any authority in any manner constitute or result in the creation of an indebtedness of this […]
§ 36-42-13. Constitutional Authority for Enactment of Chapter; Tax Exemption
This chapter is enacted pursuant to authority granted the General Assembly by the Constitution of Georgia. Each authority created pursuant to this chapter is created for nonprofit and public purposes; and it is found, determined, and declared that the creation of each such authority and the carrying out of its corporate purposes is in all […]
§ 36-42-14. Effect of Chapter on Other Public Authorities
This chapter shall not affect any other authority existing as of April 17, 1981, or thereafter under general or local constitutional amendment or under general or local law. History. Ga. L. 1981, p. 1744, § 14.
§ 36-42-15. Construction of Chapter; Applicability of the “Georgia Uniform Securities Act of 2008.”
This chapter shall be liberally construed to effect the purposes hereof. The offer, sale, or issuance of bonds, notes, or other obligations by any authority shall not be subject to regulation under Chapter 5 of Title 10, the “Georgia Uniform Securities Act of 2008.” No notice, proceeding, or publication except those required by this chapter […]
§ 36-42-16. Creation of Special Districts
Pursuant to Article IX, Section II, Paragraph VI of the Constitution of the State of Georgia, municipalities may create one or more special districts within the area of operation of a downtown development authority for the purpose of levying and collecting taxes, fees, or assessments to pay the cost of any project or to support […]
§ 36-42-17. Assessments Under Code Section 36-42-16; Priority of Liens Regarding Assessments for Downtown Development Authorities
An assessment under Code Section 36-42-16 that relates to any project described in subparagraph (B) of paragraph (6) of Code Section 36-42-3 shall be levied and may be collected when: A written contract regarding such assessment is executed by the property owner, the authority, and the project administrator; Such contract is administratively acknowledged by the […]
§ 36-42-3. Definitions
As used in this chapter, the term: “Authority” means each public body corporate and politic created pursuant to this chapter. “Cost of the project” or “cost of any project” means and includes: All costs of acquisition (by purchase or otherwise), construction, assembly, installation, modification, renovation, or rehabilitation incurred in connection with any project or any […]
§ 36-42-4. Creation of Authorities; Appointment and Terms of Directors; Quorum
There is created in and for each municipal corporation in this state a public body corporate and politic to be known as the downtown development authority of such municipal corporation, which shall consist of a board of seven directors. The governing body of the municipal corporation shall appoint two members of the first board of […]
§ 36-42-5. Activation of Authority by Resolution; Filing of Resolution With Secretary of State and Department of Community Affairs; Comments by Department of Community Affairs
No authority shall transact any business or exercise any powers under this chapter until the governing body of the municipal corporation shall, by proper resolution, declare that there is a need for an authority to function in such municipal corporation, thereby activating the authority. In its resolution, the governing body shall designate as the downtown […]
§ 36-42-6. Action by Resolution Subsequent to Activating Authority
The governing body of the municipal corporation may, by proper resolution adopted subsequent to its resolution activating its authority: Change its designation of the downtown development area to a geographical area within the municipal corporation which, in the judgment of the governing body, at the time constitutes the central business district, provided that any such […]