§ 50-39-18. Record and Resource Sharing Between Governmental Entities
Upon request of the board of the authority, the Department of Transportation and the Department of Natural Resources shall provide to the authority and its authorized personnel and agents access to all books, records, and other information resources available to those departments which are not of a commercial proprietary nature and shall assist the authority […]
§ 50-39-30. Utilization of Funding Resources
In accomplishing its purposes pursuant to the provisions of this chapter, the authority may utilize, unless otherwise prohibited by law, any combination of the following funding resources: Revenue bonds as authorized by this chapter; Guaranteed revenue bonds as authorized by this chapter; Funds obtained in a special district, for the purposes of providing transit services, […]
§ 50-39-31. Responsibility for Use of Federal Funds
The authority may serve as the entity to discharge all duties imposed on the state by any act of Congress allotting federal funds to be expended for transit projects and purposes within the jurisdiction of the authority. Unless designated otherwise by the federal government, the authority shall be designated as the proper and sole authority […]
§ 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 […]