This chapter may be referred to as the “Redevelopment Law.” History. Ga. L. 1946, p. 157, § 1. Law reviews. For survey of developments in Georgia real property law from mid-1980 through mid-1981, see 33 Mercer L. Rev. 219 (1981).
An authority may borrow money or accept contributions from the federal government to assist in its undertakings and redevelopment projects. An authority may do any and all things necessary or desirable to secure such financial aid (including obligating itself, in any contract with the federal government for financial assistance, to convey to the federal government […]
Bonds or other obligations issued by a housing authority in connection with a redevelopment project pursuant to this chapter, which bonds or obligations are secured by a contract with the federal government for financial assistance, shall be security for public deposits and legal investments to the same extent and for the same persons, institutions, associations, […]
Notwithstanding any restriction or limitation on investments contained in any other laws of this state, any building and loan association, any savings and loan association, any investment company, or any insurance company or association is authorized: To invest its funds in projects contemplated by this chapter; To acquire and hold land; To acquire or erect […]
It is found and declared: That there exist in many communities within this state blighted areas, as defined in Code Section 8-4-3, or areas in the process of becoming blighted; That such areas impair economic values and tax revenues; that such areas cause an increase in and spread of disease and crime and constitute a […]
As used in this chapter, the term: “Blighted areas” means: Areas in which there is a predominance of buildings or improvements, or which are predominantly residential in character, and which, by reason of: Dilapidation, deterioration, age, or obsolescence; Inadequate provision for ventilation, light, air, sanitation, or open spaces; High density of population and overcrowding; The […]
Any housing authority established pursuant to Article 1 of Chapter 3 of this title, the “Housing Authorities Law,” is authorized to prepare or cause to be prepared redevelopment plans and to undertake redevelopment projects within its area of operation, in accordance with this chapter. In undertaking such redevelopment projects, a housing authority shall have all […]
An authority shall not initiate any redevelopment project under this chapter until the governing body, planning agency, or other legally designated and empowered public agency of each city in which any of the area to be covered by the project is situated has approved the redevelopment plan for the redevelopment project area. History. Ga. L. […]
An authority may make land in a redevelopment project available for use by private enterprise or public agencies in accordance with the redevelopment plan. Such land may be made available at its fair value, which represents the value, whether expressed in terms of rental or capital price, at which the authority determines such land should […]
Any property which the authority leases to private corporations, individuals, or partnerships for development under a redevelopment plan shall have the same tax status as if such leased property were owned by such private corporations, individuals, or partnerships. History. Ga. L. 1946, p. 157, § 8.
Upon a determination, by resolution, of the governing body of the city in which such land is located that the acquisition and development of undeveloped vacant land, not within a blighted area, is essential to the proper clearance or redevelopment of blighted areas or a necessary part of the general slum clearance program of the […]
Any state public body, as defined in Code Section 8-3-152, shall have the same rights and powers to cooperate with and assist housing authorities with respect to redevelopment projects that such state public body has pursuant to Article 2 of Chapter 3 of this title, the “Housing Cooperation Law,” for the purpose of assisting the […]
