§ 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, […]
§ 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 […]