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.