Title 36

The real and personal property of any development authority which was created for a county prior to July 1, 1983, by constitutional amendment and which was dissolved by operation of law pursuant to Article XI, Section I, Paragraph IV(c) of the Constitution shall by operation of l…

(a) Except as otherwise provided in this Code section, an authority created pursuant to this chapter shall have perpetual existence. (b) If an authority does not have any outstanding unpaid bonds or bond anticipation notes, the authority may be dissolved as provided in this subse…

As used in this chapter, the term: (1) ‘‘Authority’’ means each public corporation created pursuant to this chapter. (2) ‘‘Cost of project’’ includes: (A) All costs of construction, purchase, or other form of acquisition; (B) All costs of real or personal property required for th…

This chapter is passed pursuant to authority granted the General Assembly by Article IX, Section VI, Paragraph III of the Constitution of this state. Each authority created by this chapter is created for nonprofit and public purposes, and it is found, determined, and declared tha…

(a) There is created in and for each county and municipal corporation in the state a public body corporate and politic to be known as the ‘‘development authority’’ of such county or municipal corporation, which shall consist of a board of not less than seven and not more than nin…

(a) The directors shall be taxpayers residing in the county or municipal corporation for which the authority is created, and their successors shall be appointed as provided by the resolution provided for in Code Section 36-62-4. The governing authority of a county or municipality…

(a) By proper resolution of the local governing bodies, an authority may be created and activated by: (1) Any two or more municipal corporations; (2) Any two or more counties; (3) One or more municipal corporations and one or more counties; or (4) Any county in this state and any…

(a) Each authority shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including, but without limiting the generality of the foregoing, the power: (1) To bring and defend actions; (2) To adopt and amend a c…

No development authority of a county or municipality within the county or joint development authority within the county shall purchase or accept title to any real property located in an adjoining county, which property will be exchanged for certain property belonging to the feder…

No project acquired under this chapter shall be operated by an authority or any municipal corporation, county, or other governmental subdivision. Such a project shall be leased or sold to, or managed by, one or more persons, firms, or private corporations. Any disposition of real…

(a) Subject to the limitations and procedures provided by this Code section, the obligations of any authority evidenced by bonds, bond anticipation notes, trust indentures, deeds to secure obligations, security agreements, or mortgages executed in connection therewith may contain…

The purposes of this chapter are to develop and promote trade, commerce, industry, and employment opportunities for the public good and the general welfare and to promote the general welfare of the state. No bonds or bond anticipation notes, except refunding bonds, shall be issue…