§ 50-34-15. Facilitation of Economic Development for Enterprises Throughout the State
Without limiting the generality of the findings and intent of the General Assembly or any provision of this chapter, the authority shall facilitate economic development for enterprises throughout the state by means that shall include, without limitation, the issuance of bonds, with or without such credit enhancement as the authority may deem appropriate; the collection […]
§ 50-32-70. Chapter to Be Liberally Construed
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, § 50-32-70 , enacted by Ga. L. 1999, p. 112, § 7.
§ 50-34-16. Competitive Bidding Not a Requirement
A project financed under this chapter is not subject to any statutory requirement of competitive bidding or other restriction imposed on the procedure for award of contracts or the lease, sale, or other disposition of property with regard to any action taken under authority of this chapter. History. Code 1981, § 50-34-16 , enacted by […]
§ 50-34-1. Short Title
This chapter shall be known and may be cited as the “OneGeorgia Authority Act.” The General Assembly finds that: Despite the overall prosperity of the State of Georgia, the economic prosperity and development of rural Georgia has lagged behind that of the urban areas of the state. It is declared to be the public policy […]
§ 50-34-17. Onegeorgia Authority Overview Committee Established; Duties
There is established the OneGeorgia Authority Overview Committee to be composed of one member of the House of Representatives to be appointed by the Speaker of the House of Representatives, one member of the Senate to be appointed by the President of the Senate, the director of the Senate Budget and Evaluation Office or his […]
§ 50-34-2. Definitions
As used in this chapter, the term: “Authority” means the OneGeorgia Authority or any subsidiary corporation created by the board of directors of the OneGeorgia Authority pursuant to this chapter. “Bonds” or “revenue bonds” means any bonds, revenue bonds, notes, interim certificates, bond or revenue anticipation notes, or other evidences of indebtedness of the authority […]
§ 50-34-3. Creation, Membership of Board of Directors, Power, and Authority of Onegeorgia Authority
There is created a body corporate and politic to be known as the OneGeorgia Authority which shall be deemed to be an instrumentality of the state, and not a state agency, and a public corporation performing an essential governmental function. The board of directors of the authority shall consist of the Governor, who shall serve […]
§ 50-34-4. Limitation on the Authority’s Liability
Neither the members of the authority nor any officer or employee of the authority acting in behalf thereof, while acting within the scope of his or her authority, is subject to any liability resulting from: The construction, ownership, maintenance, or operation of any project financed with the assistance of the authority; or Carrying out any […]
§ 50-34-5. Powers of the Authority Vested in the Members
The powers of the authority shall be vested in the members of the board of directors in office from time to time; and a majority of members in office shall constitute a quorum for the transaction of any business and for the exercise of any power or function of the authority. Action may be taken […]
§ 50-34-6. Powers of the Authority
The authority shall have any and all powers necessary or convenient to its usefulness in carrying out and effectuating the purposes and provisions of this chapter which are not in conflict with the Constitution of this state, including, but without limiting the generality of the foregoing, the following powers: To sue and be sued in […]