§ 50-39-32. Revenue Bonds
The authority shall have the power and is authorized at one time or from time to time to provide by one or more authorizing resolutions for the issuance of revenue bonds, but the authority shall not have the power to incur indebtedness under this subsection in excess of the cumulative principal sum of $1 billion, […]
§ 50-39-33. Guaranteed Revenue Bonds; Exemption From Taxation
The authority shall have the power and is authorized to issue guaranteed revenue bonds in a maximum aggregate principal amount not to exceed $1 billion, under the terms and conditions set forth in this chapter, pursuant to the provisions of Article 2 of Chapter 17 of this title, which bonds shall constitute guaranteed revenue debt […]
§ 50-39-34. Bonds as Securities; Investments
The bonds of the authority are made securities in which all public officials and bodies of the state and all counties and municipalities, all insurance companies and associations, and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, investment companies and other […]
§ 50-39-35. Protection and Assurances to Bond Owners
The State of Georgia does pledge to and agree with the owners of any bonds issued by the authority pursuant to this chapter that the state will not alter or limit the rights vested in the authority to fulfill the terms of any agreement made with or for the benefit of the owners of bonds […]
§ 50-39-36. Exemption From Georgia Uniform Securities Act
The offer, sale, or issuance of bonds, notes, or other obligations by the authority shall not be subject to regulation under Chapter 5 of Title 10, known as the “Georgia Uniform Securities Act of 2008.” No notice, proceeding, or publication except those required in this chapter shall be necessary to the performance of any act […]
§ 50-39-10. Uniform Operation; Jurisdictional Issues
This chapter shall operate uniformly throughout the state. The initial jurisdiction of the authority for purposes of this chapter shall encompass the territory of every county which was designated by the United States Environmental Protection Agency (USEPA) in the Code of Federal Regulations as of December 31, 1998, as a county included in whole or […]
§ 50-39-37. State Debt Not Created; Guarantee of Payment
No bonds, notes, or other obligations of and no indebtedness incurred by the authority, other than guaranteed revenue bonds, shall constitute an indebtedness or obligation or a pledge of the faith and credit of the State of Georgia or of its agencies; nor shall any act of the authority in any manner constitute or result […]
§ 50-39-11. General Powers of Authority; Construction With Provisions on Coordination and Comprehensive Planning and Service Delivery by Counties and Municipalities
The authority shall have the following general powers: To sue and be sued in all courts of this state, the original jurisdiction and venue of any such action being the superior court of any county wherein a substantial part of the business was transacted, the tortious act, omission, or injury occurred, or the real property […]
§ 50-39-38. Authority Is Created for Benefit of the State’s People; Tax Exemption
It is found, determined, and declared that the creation of this authority and the carrying out of its corporate purposes is in all respects for the benefit of the people of the state and that the authority is an institution of purely public charity and will be performing an essential governmental function in the exercise […]
§ 50-39-12. Development, Review, and Amendment of Regional Transit Plan; Coordination With Federal Priorities; Branding
In consultation with the metropolitan planning organization, as such term is defined in Code Section 48-8-242, which jurisdiction is located wholly or partially within the jurisdiction of the authority, the authority shall develop, annually review, and amend, as necessary, a regional transit plan. Such plan shall include, but not be limited to, transit projects based […]