Title 10 — Commerce and Trade
0 chapters · 906 sections in this title.
O.C.G.A. § 10-9-3 Definitions
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As used in this chapter, the term: (1) “Authority” means the Geo. L. Smith II Georgia World Congress Center Authority. (2) “Cost” with respect to the terms “cost of the project” or “cost of the facilities” includes but is not limited to the following: (A) All costs of the purchas…
O.C.G.A. § 10-9-4 Purpose of authority; powers generally
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(a) Without limiting the generality of any provision of this chapter, the general purpose of the authority is declared to be that of acquiring, constructing, equipping, maintaining, and operating the project, in whole or in part, directly or under contract with the Department of …
O.C.G.A. § 10-9-40 Issuance of bonds authorized; purpose
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The authority shall have the power and is authorized at one time or from time to time to provide by one or more authorizing resolutions for the issuance of revenue bonds, but the authority shall not have the power to incur indebtedness under this article in excess of the principa…
O.C.G.A. § 10-9-41 Terms and conditions of bonds; form
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(a) The revenue bonds of each issue shall be dated, shall bear interest, shall be payable in such medium of payment as to both principal and interest as may be determined by the authority, and may be made redeemable before maturity, at the option of the authority, at such price o…
O.C.G.A. § 10-9-42 Signatures; seal
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In case any officer whose signature or facsimile signature appears on any revenue bonds ceases to be an officer before the delivery of the revenue bonds, the signature or facsimile signature shall nevertheless be valid and sufficient for all purposes the same as if he had remaine…
O.C.G.A. § 10-9-43 Tax exemption
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The revenue bonds and the interest payable thereon shall be exempt from all taxation within the state imposed by the state or any county, municipal corporation, or other political subdivision of the state. History. Code 1981, § 10-9-43, enacted by Ga. L. 1988, p. 556, § 4. 10-9-4…
O.C.G.A. § 10-9-44 Sale of bonds; interest rate
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The authority may sell the revenue bonds in such manner at public or private sale and for such price, rate of interest, and other terms as it may determine to be in the best interest of the authority. The rate of interest may be a fixed or variable rate, but if the rate is a varia…
O.C.G.A. § 10-9-46 Interim revenue receipts, certificates, or bonds
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Prior to the preparation of definitive revenue bonds, the authority may, under like restrictions, issue interim revenue receipts, interim revenue certificates, or temporary revenue bonds exchangeable for definitive revenue bonds upon the issuance of the latter. History. Code 1981, §…
O.C.G.A. § 10-9-47 Replacement of mutilated, destroyed, or lost bonds
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The authority may also provide for the replacement of any revenue bond which becomes mutilated or is destroyed or lost upon receipt of such indemnification as it may deem appropriate. History. Code 1981, § 10-9-47, enacted by Ga. L. 1988, p. 556, § 4. 10-9-48. Proceedings and cond…
O.C.G.A. § 10-9-48 Proceedings and conditions for issuance; resolution
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The revenue bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions, and things which are specified or required by this article and Article 1 of this chapter. In the discretion of the authority, revenu…
O.C.G.A. § 10-9-49 Legislative findings, §10-9-58
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Limitation on state liability, §10-9-50. Mutilated, destroyed or lost bonds. Replacement, §10-9-47. Payment of sale proceeds to trustees, §10-9-53. Power to pledge or assign rents, revenues, etc., §10-9-61. Professional services for project, §10-9-54. Protection of bondholder rig…
O.C.G.A. § 10-9-50 Enforcement of rights, §10-9-52
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Georgia state financing and investment commission. Use of services, §10-9-54. Indenture trustee. Enforcement of rights, §10-9-52. Interest rate, §10-9-44. Interim revenue receipts, certificates or bonds, §10-9-46. Investment and deposit purposes. Bonds made securities for, §10-9-56…
O.C.G.A. § 10-9-52 Enforcement of rights by bondholder, receiver, or indenture trustee
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Any holder of revenue bonds or interest coupons thereon issued under this article, any receiver for such holders, or any indenture trustee, if there is any, except to the extent the rights given in this article may be restricted by resolution passed before the issuance of the rev…
O.C.G.A. § 10-9-53 Payment of sale proceeds to trustee
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The authority may, in the resolution providing for the issuance of revenue bonds or in the trust indenture, provide for the payment of the proceeds of the sale of the bonds to any officer or person who shall act as trustee or any agency, bank, or trust company or to the Georgia S…
O.C.G.A. § 10-9-55 Refunding bonds
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The authority is authorized to provide by resolution for the issuance of revenue refunding bonds of the authority for the purpose of refunding any revenue bonds issued under this article and then outstanding, together with accrued interest thereon. The issuance of such revenue re…
O.C.G.A. § 10-9-56 Bonds made securities for investment and deposit purposes
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The revenue bonds authorized by this article are made securities in which all public officers and bodies of this state and all municipalities and all political subdivisions of this state; all insurance companies and associations and other persons carrying on an insurance business…
O.C.G.A. § 10-9-57 Conditions, §10-9-41
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Covenants of state, §10-9-58. Cumulative nature of authority of powers, §10-9-61. Enforceability against authority, §10-9-50. Enforcement of rights, §10-9-52.
O.C.G.A. § 10-9-58 Legislative findings; state covenants
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It is found, determined, and declared that the carrying out of the purposes of the authority as defined in this article is in all respects for the benefit of the people of this state and that the purposes are public purposes; that the authority will be performing an essential gover…
O.C.G.A. § 10-9-59 Security, §10-9-51
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Signature, §10-9-42. Sinking fund, §10-9-51. Tax exemption, §10-9-43. Term, §10-9-41. Use of proceeds, §10-9-45. Use of surplus, §10-9-45. Validation of bond, §10-9-57. Short title, §10-9-1. GEO. L. SMITH II GEORGIA WORLD CONGRESS CENTER ACT. General provisions, §§10-9-1 to 10-9-…
O.C.G.A. § 10-9-60 Jurisdiction over actions
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Any action to protect or enforce any rights under this article shall be brought in the Superior Court of Fulton County, Georgia, and any action pertaining to validation of any revenue bonds issued under this article shall likewise be brought in such court which shall have exclusi…
O.C.G.A. § 10-9-61 Short title, §10-9-1
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GEOGRAPHIC ORIGIN. Deceptive representations in connection with goods and services, §10-1-393. GEORGIA DOOR-TO-DOOR SALES ACT —Cont’d Short title, §10-1-20. GEORGIA FIREARMS INDUSTRY NONDISCRIMINATION ACT. Short title, §10-1-439. GEORGIA LEMON LAW. Motor vehicles, §§10-1-780 to 1…
O.C.G.A. § 10-9-7 Meetings, §10-9-8
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Number, §10-9-6. GEO. L. SMITH II GEORGIA WORLD CONGRESS CENTER —Cont’d Authority —Cont’d Board of governors —Cont’d Officers, §10-9-9. Powers, §10-9-7. Delegation of authority, §10-9-7. Quorum, §10-9-7. Removal, §10-9-8. Rules and regulations for operation in use of project, §10…
O.C.G.A. § 10-9-8 CALCIUM CHLORIDE
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Antifreeze. When deemed adulterated, §10-1-201. CALIBRATION. Petroleum tank trucks, meters, containers and other measures, §10-1-160. Weights and measures primary standards, §10-2-3. CALLER IDENTIFICATION. Telephone solicitors. Requirements for telemarketers, §10-1-393.13. CAMPGR…
O.C.G.A. § 10-9-9 Officers of board; terms; authority; compensation
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(a) The board of governors shall elect or appoint such officers as may be provided in the bylaws and may delegate to such officers, who need not be members of the board, such authority and responsibility as the board may determine appropriate. (b) Each officer and employee of the…
O.C.G.A. § 10-10-1 Definitions
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As used in this article, the term: (1) “Board” means the Board of Regents of the University System of Georgia. (2) “Center” means the Advanced Technology Development Center created by the board and acknowledged and empowered to administer the fund by Article III, Section IX, Para…
O.C.G.A. § 10-10-10 Creation; purpose
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Pursuant to the authority granted in Article III, Section IX, Paragraph VI(g) of the Constitution, there is hereby created the Invest Georgia Fund as a distinct component of the Seed-Capital Fund. The General Assembly declares that its purpose in creating the Invest Georgia Fund …
O.C.G.A. § 10-10-11 Definitions
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As used in this article, the term: (1) “Affiliate” means: (A) A person who, directly or indirectly, beneficially owns, 1280 10-10-11 SEED-CAPITAL FUND 10-10-11 controls, or holds power to vote any outstanding voting securities or other voting ownership interests of a venture capit…
O.C.G.A. § 10-10-12 Invest Georgia Board; creation; membership; powers
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(a) There is hereby created the Invest Georgia Board, which shall exercise the powers and perform the duties prescribed by this article. The exercise by the board of its powers and duties is hereby declared to be an essential state governmental function. The board shall be subjec…
O.C.G.A. § 10-10-13 Responsibilities of board
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The board’s primary responsibilities shall include: (1) Establishing an investment policy for the selection of a fund administrator; (2) Selecting a fund administrator to administer the provisions of this article; (3) Giving final approval to allocations of designated capital to t…
O.C.G.A. § 10-10-14 Fund administrator; investments
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(a) The fund administrator shall be selected by the board through a transparent open bid process and shall be responsible for administering the Invest Georgia Fund and for making all venture capital fund selections in accordance with the investment policies developed by the board…
O.C.G.A. § 10-10-15 Expenditure of funds; capitalization; cost of administration
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(a) The Invest Georgia Fund is created as a separate fund maintained by the board, and moneys shall be expended only as provided in this article. (b) The Invest Georgia Fund shall be capitalized through grants from the Seed-Capital Fund, designated appropriations to the center, a…
O.C.G.A. § 10-10-16 Five-year funding period
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The Invest Georgia Fund may be funded over a five-year period through guidelines developed by the board. In the first year of the Invest Georgia Fund, the state may provide $10 million to the Invest Georgia Fund; in the second year, $15 million; in the third year, $15 million; in t…
O.C.G.A. § 10-10-17 Allocation of designated capital
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(a) As soon as practicable after the board receives contributed 1290 10-10-17 SEED-CAPITAL FUND 10-10-17 capital, the board and each selected venture capital fund that has been allocated designated capital shall enter into a contract under which the allocated amount of designated…
O.C.G.A. § 10-10-18 Reports
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(a) Not later than December 31 of each year, each venture capital fund shall report to the board: (1) The amount of designated capital remaining uninvested at the end of the preceding calendar year; (2) All qualified investments made during the preceding calendar year, including t…
O.C.G.A. § 10-10-19 Retention of designated capital and investment returns
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Designated capital and investment returns resulting from the qualified investments made under this article shall be retained and used to 1292 10-10-19 SEED-CAPITAL FUND 10-10-20 make additional qualified investments in venture capital funds selected by the fund administrator; provi…
O.C.G.A. § 10-10-2 Definitions
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Creation of Seed-Capital Fund. Administration of fund; equity contributions; disbursements. Investing of funds with investment entities. Transfer of funds for making loans. Distribution to be deposited in the fund. Publishing of annual report by center. 10-10-3. 10-10-4. 10-10-5.…
O.C.G.A. § 10-10-20 Report on implementation of article
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(a)(1) On or before January 1, 2015, and January 1 of each subsequent year, the fund administrator, through the board, shall submit a report on the implementation of this article to the Governor, the Lieutenant Governor, the Speaker of the House of Representatives, and the chairp…
O.C.G.A. § 10-10-3 Administration of fund; equity contributions; disbursements
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(a) The fund is created as a separate fund maintained by the board or a body designated by the board and shall be expended only as provided in this article. Pending their use as equity contributions or as loans, the moneys in the fund may be invested and reinvested in accordance …
O.C.G.A. § 10-10-4 Investing of funds with investment entities
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(a) The center, subject to the approval of the board or its designee, may authorize transfers from the fund to make equity contributions through the direct purchase of qualified securities of enterprises, subject to the center assuring itself that the following conditions will be …
O.C.G.A. § 10-10-5 Transfer of funds for making loans
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The center, subject to the approval of the board or its designee, may authorize transfers from the fund to make unsecured or secured loans. With respect to such loans, the center, acting on behalf of the state and the fund, shall have the authority to sell loans, mortgages, secur…
O.C.G.A. § 10-10-6 Distribution to be deposited in the fund
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All distributions made by an investment entity allocable to the state’s limited partner interest or membership interest therein; all cash proceeds with respect to any loan, whether interest, the repayment of principal, or other amounts; or proceeds of the sale or transfer of qual…
O.C.G.A. § 10-10-7 Publishing of annual report by center
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The center, on behalf of the board, shall publish in print or electronically an annual report which shall be made available to the Governor, the General Assembly, the Department of Economic Development or any successor agency, the chairperson of the House Committee on Economic De…
O.C.G.A. § 10-11-1 Definitions
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As used in this chapter, the term: (1) “Business record” means letters, words, sounds, or numbers, or the equivalent of letters, words, sounds, or numbers, recorded in the operation of a business by handwriting, typewriting, printing, photostat, photograph, magnetic impulse, mech…
O.C.G.A. § 10-11-2 Time period for retention of business records
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Unless a specific period is designated by law for their preservation, business records which persons pursuant to the laws of this state are required to keep or preserve may be destroyed after the expiration of three years from the making of such records without constituting an off…
O.C.G.A. § 10-11-3 Retention of reproductions of original business records
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If, in the regular course of business, a person makes reproductions of original business records, the preservation of such reproductions constitutes compliance with any laws of this state requiring that business records be kept or preserved. 1295 History. Code 1981, § 10-11-3, en…
O.C.G.A. § 10-12-1 Short title
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This chapter shall be known and may be cited as the “Uniform Electronic Transactions Act.” History. Code 1981, § 10-12-1, enacted by Ga. L. 2009, p. 698, § 1/HB 126.
O.C.G.A. § 10-12-10 Short title
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Definitions. Applicability to electronic records and signatures relating to a transaction. Applicability to electronic records and signatures created on or after July 1, 2009. Chapter does not create requirement for electronic transactions; determination as to whether parties inte…
O.C.G.A. § 10-12-12 Retention of electronic records
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(a) If a law requires that a record be retained, such requirement shall be satisfied by retaining an electronic record of the information in the record which: (1) Accurately reflects the information set forth in the record after it was first generated in its final form as an electron…
O.C.G.A. § 10-12-13 Governing law, §10-12-3
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Governmental agencies. Creation and retention of electronic records, determination as to whether and to what extent, §10-12-17. Standards for use.
O.C.G.A. § 10-12-14 Rules for automated transactions
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In an automated transaction, the following rules shall apply: (1) A contract may be formed by the interaction of electronic 1305 10-12-15 agents of the parties, even if no individual was aware of or reviewed the electronic agents’ actions or the resulting terms and agreements; (2…