Definitions

Creation; members, officers, and staff; quorum; procedural rules and regulations; assignment to Department of Administrative Services. Powers of the authority. Authority to issue revenue bonds; terms. Form of bonds; denominations; place of payment; registration. Signing, sealing, and attesting bonds. Bonds negotiable; exemption of bonds from taxation. Manner of sale and price of bonds; assistance by Georgia Building Authority. Use of bond proceeds; additional bonds. Issuance of interim receipts or certificates or temporary bonds. Replacement of mutilated, destroyed, or lost bonds. Compliance with article sufficient for issuance of bonds; single issue for one or more projects; adoption of bond resolution. Credit of state not pledged. Trust indentures to secure bonds; contents of indentures or bond resolutions; expenses of carrying out indentures. Trustee for bond proceeds. Sinking fund. Remedies of bondholders, receivers, or indenture trustees. Refunding bonds. Bonds legal investments or security deposits. Tax exemption of authority’s property, activities, charges, and bonds. Procedure for validating bonds. Venue and jurisdiction of actions to enforce rights or validate bonds. 20-3-174. 20-3-175. 20-3-176. 20-3-177. 20-3-178. 20-3-179. 20-3-180. 20-3-181. Interests of bondholders protected. Acceptance of grants and contributions from federal and other sources. Moneys received deemed trust funds. Fixing, collecting, and assigning rentals and charges for use of projects. Rules and regulations for operation of projects. Accounts; audits. Power of regents to issue revenue bonds not affected. Article provides additional method and powers. Article to be liberally construed. Article 6 Private Colleges and Universities Authority 20-3-200. 20-3-201. 20-3-202. 20-3-203. 20-3-204. 20-3-205. 20-3-206. 20-3-207. 20-3-208. 20-3-209. 20-3-210. 20-3-211. 6 Short title. Definitions. Creation; membership; officers; compensation of members; expenses of members; organization; duration; quorum. Purpose; powers and duties. Issuance of revenue bonds; source of payment; negotiability; terms; validation; sale; interim and replacement bonds; execution; duration of liability. Immunity from liability of members and persons executing bonds or notes. Credit of state or subdivisions not pledged; no taxation or appropriation for authority. Remedies of bondholders. Pledge of and lien on revenues to secure bonds. Exemption of authority and bonds from taxation. Interest of bondholders protected. Disposition of moneys received by authority. T.20, C.3 Sec. 20-3-212. 20-3-213. 20-3-214. POSTSECONDARY EDUCATION Sec. 20-3-250.2. 20-3-250.3. Definitions.