Title 36

(a) Each municipal corporation, as defined in Code Section 36-40-40, shall submit to the Office of the State Treasurer a certificate showing the number of regular meetings held within the preceding 12 months by the governing body of the municipal corporation and stating that taxe…

Prior to June 1 of each year, a certificate shall be filed which shall be the basis upon which payments shall be made of funds made available under this article for the immediately succeeding fiscal year beginning July 1 and ending June 30. If no certificate is filed within the t…

(a) To the extent that funds are made available by any law for the purposes set out in Code Section 36-40-41, the Office of the State Treasurer is authorized and directed to grant such funds to the municipal corporations of this state, as defined in Code Section 36-40-40, on the …

Funds distributed under this article by the Office of the State Treasurer shall be paid to the municipal corporation in the name of the municipal treasurer or other official or officials authorized to receive municipal funds, as listed in the certificate required by Code Section

(a) The governing authority of each municipal corporation shall submit to the state auditor a copy of its regular annual audit not later than six months after the end of the fiscal year for which the audit was made. The state auditor shall compare the amount of funds distributed …

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.

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…

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…

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, § …

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. History…

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…

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 …

There is created in and for each municipality of this state, as defined in paragraph (11) of Code Section 36-41-3, a public body corporate, which shall be deemed to be an instrumentality of the state, to be known as the ‘‘urban residential finance authority’’ of such municipality…

(a) Except as otherwise limited by this chapter, each authority shall have the power: (1) To bring and defend actions; (2) To have a seal and alter the same at its pleasure; (3) To make and execute contracts and all other instruments necessary or convenient for the exercise of it…

(a) With respect to the power to make loans set forth in subsection (a) of Code Section 36-41-5, each authority may make loans to qualified housing sponsors or eligible households for the financing, acquisition, or rehabilitation of residential housing within the geographic bound…

(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…

(a) Each authority shall have the power and is authorized, at one time or from time to time, to issue its revenue bonds in such principal amounts as, in the opinion of the authority, shall be necessary to provide sufficient funds for achieving the corporate purposes thereof, incl…

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…

This chapter may be referred to as the ‘‘Downtown Development Authorities Law.’’ History. — Ga. L. 1981, p. 1744, § 1.

(a) All bonds issued by the authority under this chapter shall be issued and validated under and in accordance with Article 3 of Chapter 82 of this title, the ‘‘Revenue Bond Law,’’ except as provided in this chapter, provided that notes and other obligations of the authority may,…

(a) Subject to the limitations and procedures provided by this Code section and by Code Section 36-42-10, the agreements or instruments executed by an authority may contain such provisions not inconsistent with law as shall be determined by the board of directors of the authority…

No bonds, notes, or other obligations of, and no indebtedness incurred by, an authority shall constitute an indebtedness or obligation of the State of Georgia or any county, municipal corporation, or political subdivision thereof, nor shall any act of any authority in any manner …

This chapter is enacted pursuant to authority granted the General Assembly by the Constitution of Georgia. Each authority created pursuant to this chapter is created for nonprofit and public purposes; and it is found, determined, and declared that the creation of each such author…

This chapter shall not affect any other authority existing as of April 17, 1981, or thereafter under general or local constitutional amendment or under general or local law. History. — Ga. L. 1981, p. 1744, § 14.

This chapter shall be liberally construed to effect the purposes hereof. The offer, sale, or issuance of bonds, notes, or other obligations by any authority shall not be subject to regulation under Chapter 5 of Title 10, the ‘‘Georgia Uniform Securities Act of 2008.’’ No notice, …

Pursuant to Article IX, Section II, Paragraph VI of the Constitution of the State of Georgia, municipalities may create one or more special districts within the area of operation of a downtown development authority for the purpose of levying and collecting taxes, fees, or assessm…

(a) An assessment under Code Section 36-42-16 that relates to any project described in subparagraph (B) of paragraph (6) of Code Section 36-42-3 shall be levied and may be collected when: (1) A written contract regarding such assessment is executed by the property owner, the auth…

The revitalization and redevelopment of the central business districts of the municipal corporations of this state develop and promote for the public good and general welfare trade, commerce, industry, and employment opportunities and promote the general welfare of this state by …

As used in this chapter, the term: (1) ‘‘Authority’’ means each public body corporate and politic created pursuant to this chapter. (2) ‘‘Cost of the project’’ or ‘‘cost of any project’’ means and includes: (A) All costs of acquisition (by purchase or otherwise), construction, as…

There is created in and for each municipal corporation in this state a public body corporate and politic to be known as the downtown development authority of such municipal corporation, which shall consist of a board of seven directors. The governing body of the municipal corpora…

(a) No authority shall transact any business or exercise any powers under this chapter until the governing body of the municipal corporation shall, by proper resolution, declare that there is a need for an authority to function in such municipal corporation, thereby activating th…

The governing body of the municipal corporation may, by proper resolution adopted subsequent to its resolution activating its authority: (1) Change its designation of the downtown development area to a geographical area within the municipal corporation which, in the judgment of t…

(a) Directors shall be: (1) Taxpayers residing in the municipal corporation for which the authority is created; (2) Owners or operators of businesses located within the downtown development area and who shall be taxpayers residing in the county in which is located the municipal c…

(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, without limiting the generality of the foregoing, the power: (1) To bring and defend actions; (2) To adopt and amend a corpo…

(a) Revenue bonds, notes, or other obligations issued by an authority shall be paid solely from the property (including, but not limited to, real property, fixtures, personal property, revenues, or other funds) pledged, mortgaged, conveyed, assigned, hypothecated, or otherwise en…

This chapter shall be known and may be cited as the ‘‘City Business Improvement District Act.’’ History. — Ga. L. 1981, p. 4531, § 1.

The General Assembly finds that many business districts within large cities in this state are in an economically depressed condition and that this condition adversely affects the economic and general well-being of the people of such large cities of the state. It is further found …

As used in this chapter, the term: (1) ‘‘District’’ means a city business improvement district established pursuant to this chapter. (2) ‘‘District plan’’ or ‘‘plan’’ means a proposal adopted by ordinance which includes all of the following: (A) A map of the district; (B) A descr…

Upon the establishment of any city business improvement district pursuant to this chapter, the governing authority of any municipality to which this chapter is applicable shall have authority to exercise the following powers with respect to each such district, subject to this cha…

The governing authority of any municipality to which this chapter is applicable may create city business improvement districts by the adoption of district plans, as follows: (1) No such plan may be adopted except upon a written petition signed and acknowledged by either: (A) At l…

The expense incurred in the provision of supplemental services within a district shall be financed in accordance with the district plan upon which the establishment or extension of the district was based, provided that the cost of supplemental services shall not include the cost …

No charges assessed and collected by a municipality pursuant to this chapter shall be spent for any purpose not authorized by the district plan of the district where such charges were assessed and collected, except for such costs as may be attributed to the billing and collection…

Upon the establishment of any district pursuant to this chapter, the governing authority of any municipality to which this chapter is applicable may mandate design and rehabilitation standards for buildings within districts if it finds that such standards are necessary to prevent…

Any district which is created or renewed pursuant to Code Section 36-43-5 shall terminate and cease to exist on a date specific no less than five years and no more than ten years from the date of its creation or renewal by ordinance. History. — Ga. L. 1981, p. 4531, § 9; Ga. L. 1…

This chapter shall be known and may be cited as the ‘‘Redevelopment Powers Law.’’ History. — Code 1981, § 36-44-1, enacted by Ga. L. 2009, p. 158, § 2/HB 63.

(a) No later than the effective date of the creation of the tax allocation district, the redevelopment agency shall apply, in writing, to the state revenue commissioner for a determination of the tax allocation increment base of the tax allocation district. Within a reasonable ti…