Short title

Legislative findings and declaration of public necessity. Definitions. Creation of authority; governing board; filing of resolutions with Secretary of State; filling of vacancies on board; officers; compensation of members of board; promulgation of rules and regulations. Powers of authority generally; establishment of administrative guidelines for determination of eligibility. Loans to qualified housing sponsors or eligible households; loans to lending institutions. Sec. 36-41-7. 36-41-8. 36-41-9. 36-41-10. 36-41-11. 36-41-12. 36-41-13. Purchase of mortgages or security interests or participations therein. Issuance of revenue bonds; use and commitment of funds; form and contents of bonds; execution; sale; temporary bonds; refunding bonds; trust indenture; validation of bonds; bonds as authorized investments. Pledge of assets for payment of bonds. Bonds or obligations not public debt. Tax exemptions. Competition with Georgia Housing and Finance Authority. Annual audit.