§ 31-7-110. Short Title
This article shall be known and may be cited as the “Residential Care Facilities for the Elderly Authorities Act.” History. Ga. L. 1980, p. 1466, § 1.
§ 31-7-111. Findings; Declaration of Policy
It is found, determined, and declared that: There exists in this state a seriously inadequate supply of and a critical need for facilities which can furnish the comprehensive services required by elderly persons in a single location, including, without limitation, residential care and the types of services provided in skilled nursing homes, intermediate care homes, […]
§ 31-7-112. Definitions
As used in this article, the term: “Authority” means each public corporation created pursuant to this article. “Cost of project” includes: All costs of construction, purchase, or other form of acquisition; All costs of real or personal property required for the purposes of the project and of all facilities related thereto and the cost of […]
§ 31-7-113. Creation of Residential Care Facilities for the Elderly Authority in Each County and Municipality; Board of Directors
There is created in and for each county and municipal corporation in this state a public body corporate and politic to be known as the “Residential Care Facilities for the Elderly Authority” of such county or municipal corporation. Each authority shall consist of a board of seven directors to be appointed by resolution of the […]
§ 31-7-114. Powers of Authorities
Each authority shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this article, including, but without limiting the generality of the foregoing, the power: To bring and defend an action; To adopt and amend a corporate seal; To make and execute contracts and other instruments […]
§ 31-7-115. Lease or Sale of Projects
No project acquired under this article shall be operated by an authority, any municipal corporation, county, or other governmental subdivision; but such projects shall be leased or sold to one or more qualified sponsors. If revenue bonds or other obligations are to be issued to pay all or part of the cost of such project, […]
§ 31-7-116. Provisions Contained in Obligations and Security for Obligations; Procedures for Issuance of Bonds and Bond Anticipation Notes; Interest Rates; Limitations and Conditions
The obligations of any authority evidenced by bonds, bond anticipation notes, trust indentures, deeds to secure obligations, security agreements, or mortgages executed in connection therewith may contain such provisions not inconsistent with law as shall be determined by the board of directors of the authority. Such instruments may provide for the pledging of all or […]
§ 31-7-117. Liability for Bonds or Other Obligations
No bonds or other obligations of and no indebtedness incurred by any authority shall constitute an indebtedness or obligation of the state or any county, municipal corporation, or political subdivision thereof; nor shall any act of any authority in any manner constitute or result in the creation of an indebtedness of the state or any […]
§ 31-7-118. Exemption From Taxation
Each authority created under this article is created for nonprofit and public purposes, and it is found, determined, and declared that: The creation of each such authority and the carrying out of its corporate purposes are in all respects for the benefit of the people of this state; The authority is an institution of purely […]
§ 31-7-119. Holding Moneys as Trust Funds; Pledges for Payment of Bonds
All moneys received pursuant to the authority of this article, whether as proceeds from the sale of revenue bonds or other obligations, as grants or other contributions, or as revenues and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this Code section. In the resolution providing […]
§ 31-7-120. Construction of Article
This article shall be liberally construed to effect the purposes hereof, and insofar as this article may be inconsistent with any other law, including the charter of any municipal corporation, this article shall be controlling. The sale or issuance of bonds by any authority shall not be subject to regulation under Chapter 5 of Title […]