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§ 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 […]

§ 50-39-52. 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 […]