Title 36 — Title 36
0 chapters · 603 sections in this title.
O.C.G.A. § 36-41-1 Short title
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This chapter shall be known and may be cited as the ‘‘Urban Residential Finance Authorities Act for Large Municipalities.’’ History. — Ga. L. 1979, p. 4662, § 1. 36-41-2. Legislative findings and declaration of public necessity.
O.C.G.A. § 36-41-10 Bonds or obligations not public debt
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No bonds or other obligations of and no indebtedness incurred by any authority shall constitute an indebtedness or obligation of the state or any county, municipality, or political subdivision thereof, nor shall any act of any authority in any manner constitute or result in the c…
O.C.G.A. § 36-41-11 Tax exemptions
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As each authority will be performing essential governmental functions in the exercise of the powers conferred upon it by this chapter, the state covenants with the holders of the bonds of an authority that the authority shall be required to pay no taxes or assessments upon any of…
O.C.G.A. § 36-41-12 Competition with Georgia Housing and Finance Authority
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No authority shall compete with the Georgia Housing and Finance Authority to such an extent as to affect adversely the interests and rights of the holders of bonds issued by the Georgia Housing and Finance Authority. History. — Ga. L. 1979, p. 4662, § 12; Ga. L. 1991, p. 1653, § …
O.C.G.A. § 36-41-13 Annual audit
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Each authority and each trustee acting on behalf of an authority shall submit to an annual independent audit performed by a qualified firm selected by the members of such authority. Payment for this audit shall be paid from any funds held by the trustee for the authority. 791 His…
O.C.G.A. § 36-41-2 Legislative findings and declaration of public necessity
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It is found, determined, and declared: (1) That there exists within the large municipalities of the state a serious shortage of decent, safe, and sanitary housing which a significant portion of the persons and families residing or desiring to reside in such municipalities can aff…
O.C.G.A. § 36-41-3 Definitions
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As used in this chapter, the term: (1) ‘‘Authority’’ means any public corporation created by this chapter. (2) ‘‘Bonds’’ means any bonds, including refunding bonds, or any notes or other obligations authorized to be issued by an authority pursuant to this chapter. (3) ‘‘Eligible …
O.C.G.A. § 36-41-6 Short title
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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 o…
O.C.G.A. § 36-41-7 Purchase of mortgages or security interests or participations therein
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(a) With respect to the power to purchase mortgages or security interests or participations therein from lending institutions as set forth in subsection (a) of Code Section 36-41-5, each authority may purchase mortgages or security interests from lending institutions, which shall…
O.C.G.A. § 36-41-9 Pledge of assets for payment of bonds
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Each authority may pledge for the payment of its bonds such assets, funds, contract rights, and properties as the resolution providing for the issuance of its bonds may provide. Any such pledge made by the authority shall be valid and binding from the time when the pledge is made…