Title 50 — Title 50
0 chapters · 848 sections in this title.
O.C.G.A. § 50-34-1 Short title
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(a) This chapter shall be known and may be cited as the ‘‘OneGeorgia Authority Act.’’ (b) The General Assembly finds that: 709 50-34-2 (1) Despite the overall prosperity of the State of Georgia, the economic prosperity and development of rural Georgia has lagged behind that of the…
O.C.G.A. § 50-34-10 Payment of bond proceeds
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(a) All or any part of the gross or net revenues and earnings derived from any particular loan or loans and any and all revenues, earnings, and funds received by the authority, regardless of whether such revenues and earnings were produced by a particular loan or loans for which …
O.C.G.A. § 50-34-13 Annual and biannual audits and reports
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(a) The state auditor or an independent public accountant retained by the authority shall make an annual audit of the books, accounts, and records of the authority with respect to its receipts, disbursements, contracts, leases, assignments, loans, and all other matters relating t…
O.C.G.A. § 50-34-14 Termination of the authority
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The authority and its corporate existence shall continue until terminated by law; provided, however, that no such law shall take effect so long as the authority shall have bonds or other obligations outstanding, unless adequate provision has been made for the payment thereof. On …
O.C.G.A. § 50-34-16 Board of directors
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Conflicts of interest, §50-34-3. Immunity from liability, §50-34-4. Powers of authority, §50-34-6. Quorum, §50-34-5. Vacancies. Effect, §50-34-5. Bond issues. Deemed securities, §50-34-9. Inapplicability of the Georgia securities act of 1973, §50-34-8. Payment of bond proceeds, §5…
O.C.G.A. § 50-34-17 OneGeorgia Authority Overview Committee established; duties
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(a) There is established the OneGeorgia Authority Overview Committee to be composed of one member of the House of Representatives to be appointed by the Speaker of the House of Representatives, one member of the Senate to be appointed by the President of the Senate, the director …
O.C.G.A. § 50-34-19 Tourism
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Georgia film and television trail, §§50-7-110 to 50-7-117. Georgia tourism foundation, §50-7-17. Tourist center within vicinity of domestic residence of state citizen elected president. Powers and duties of the department, §50-7-14. Welcome centers. Authorized, §50-7-12. Automated…
O.C.G.A. § 50-34-2 Definitions
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As used in this chapter, the term: (1) ‘‘Authority’’ means the OneGeorgia Authority or any subsidiary corporation created by the board of directors of the OneGeorgia Authority pursuant to this chapter. (2) ‘‘Bonds’’ or ‘‘revenue bonds’’ means any bonds, revenue bonds, notes, inte…
O.C.G.A. § 50-34-3 Corporate powers, §50-34-6
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Definitions, §50-34-2. Dissolution of authority, §50-34-14. Executive director. Appointment, §50-34-3. Delegation of authority, §50-34-3. Facilitation of economic development, §50-34-15. Immunity from liability. Personal liability, §50-34-4. Legal counsel. Attorney general, §50-34…
O.C.G.A. § 50-34-4 Limitation on the authority’s liability
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Neither the members of the authority nor any officer or employee of the authority acting in behalf thereof, while acting within the scope of his or her authority, is subject to any liability resulting from: (1) The construction, ownership, maintenance, or operation of any project…
O.C.G.A. § 50-34-5 Powers of the authority vested in the members
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(a) The powers of the authority shall be vested in the members of the board of directors in office from time to time; and a majority of members in office shall constitute a quorum for the transaction of any business and for the exercise of any power or function of the authority. …
O.C.G.A. § 50-34-6 Powers of the authority
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(a) The authority shall have any and all powers necessary or convenient to its usefulness in carrying out and effectuating the purposes and provisions of this chapter which are not in conflict with the Constitution of this state, including, but without limiting the generality of t…
O.C.G.A. § 50-34-7 Powers to issue bonds and incur indebtedness
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(a) The authority may issue bonds for the purpose of facilitating economic development; for the improvement of public health, safety, and welfare; and for other public purposes through the provision of financing and financial assistance for projects, either directly or indirectly t…
O.C.G.A. § 50-34-9 Bonds as securities
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The bonds authorized by this chapter are securities in which: (1) All public officers and bodies of this state; (2) All local governments of this state; (3) All insurance companies and associations and other persons carrying on an insurance business; (4) All banks, bankers, trust…