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11 chapters · 380 sections in this title.
O.C.G.A. § 32-10-123 Authority of the board
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In administering the affairs of the bank, the board may exercise any or all of the powers granted to the authority under Parts 1 and 2 of this article, as well as the powers granted in this part. Without limiting the generality of the foregoing, the board is specifically authoriz…
O.C.G.A. § 32-10-124 Power of board; meaning of use of word ‘‘bank’’ for purposes of this article
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(a) In addition to the powers contained elsewhere in this article, the board has all power necessary, useful, or appropriate to fund, operate, and administer the bank, and to perform its other functions including, but not limited to, the power to: (1) Have perpetual succession; (…
O.C.G.A. § 32-10-125 Revenue sources
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(a) The following sources may be used to capitalize the bank and for the bank to carry out its purposes: (1) Appropriations by the General Assembly; (2) Federal funds available to the state, as approved by the Department of Transportation; (3) Contributions, donations, and deposi…
O.C.G.A. § 32-10-126 Earnings; establishment of accounts subaccounts; commingling of funds
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and (a) Earnings on balances in the federal accounts must be credited and invested according to federal law. Earnings on state and local accounts must be credited to the state and local roadway account or state and local nonroadway account that generates the earnings. The bank ma…