§ 50-39-50. “Lease Agreement” Defined; Operation; Execution; Provisions
For the purposes of this Code section, the term “lease agreement” shall mean and include a lease, operating lease rental agreement, usufruct, sale and lease back, or any other lease agreement having a term of not more than 50 years and concerning real, personal, or mixed property, any right, title, or interest therein by and […]
§ 50-39-51. Payment for Costs of a Project; Optional Conditions; Local Government Power to Contract; Fees
The authority may make grants or loans to a local government to pay all or any part of the cost of a project. In the event the local government agrees to accept such grants or loans, the authority may require the local government to issue bonds or revenue bonds as evidence of such grants or […]
§ 50-39-52. Withholding of Funds to Local Government
In the event of a failure of any local government to collect and remit in full all amounts due to the authority and all amounts due to others, which involve the credit or guarantee of the authority or of the state, on the date such amounts are due under the terms of any bond, revenue […]
§ 50-39-53. Grant Programs; Pilot Program Formation; Factors to Be Considered in Selecting Pilot Projects; Procedures; Eligible Projects
As used in this Code section, the term: “Local government authority” and “state” mean the same as under 49 U.S.C. Section 5302. “Public-private project initiative” means a local or regional streetcar project which is proposed and advanced by a cooperative entity or sponsor that involves a combined public and private sector financing and development structure […]
§ 50-39-60. Liberal Construction
This chapter, being for the welfare of this state and its inhabitants, shall be liberally construed to effect the purposes specified in this chapter. History. Code 1981, § 50-39-60 , enacted by Ga. L. 2018, p. 377, § 2-1/HB 930.
§ 50-39-61. Application of Chapter 1 of Title 40
No provision of Chapter 1 of Title 40 shall apply to any bus, other motor vehicle, or rapid rail system of the authority which provides transit services. History. Code 1981, § 50-39-61 , enacted by Ga. L. 2018, p. 377, § 2-1/HB 930.
§ 50-39-14. Approval of Projects; Issuance of Bonds or Other Financing Issues; Subordination of Georgia Environmental Finance Authority
In furtherance of the purposes of the authority, no project of the Georgia Rail Passenger Authority created by Article 9 of Chapter 9 of Title 46 which is located wholly or partly within the geographic area over which the authority has jurisdiction shall be commenced after May 6, 1999, unless such project is approved by […]
§ 50-39-15. Power of Eminent Domain; Limitations
After the adoption by the authority of a resolution declaring that the acquisition of the real property described therein is necessary for the purposes of this chapter, the authority may exercise the power of eminent domain in the manner provided in Title 22; or it may exercise the power of eminent domain in the manner […]
§ 50-39-16. United States’ Constitutional Rights Not Limited
The authority shall have all rights afforded the state by virtue of the Constitution of the United States, and nothing in this chapter shall be construed to remove any such rights. History. Code 1981, § 50-39-16 , enacted by Ga. L. 2018, p. 377, § 2-1/HB 930.
§ 50-39-17. Limitation on Liability
Neither the members of the authority nor any officer or employee of the authority acting on behalf thereof, while acting within the scope of his or her authority, shall be subject to any liability resulting from: The construction, ownership, maintenance, or operation of any project financed with the assistance of the authority; The construction, ownership, […]