The bank is performing an essential governmental function in the exercise of the powers conferred upon it and shall not be required to pay taxes or assessments upon property or upon its operations or the income therefrom, or taxes or assessments upon property or loan obligations acquired or used by the bank or upon the income therefrom.
History. Code 1981, § 32-10-129 , enacted by Ga. L. 2008, p. 73, § 2/HB 1019.
Structure Georgia Code
Title 32 - Highways, Bridges, and Ferries
Chapter 10 - Public Authorities
Article 2 - State Road and Tollway Authority
Part 3 - Transportation Infrastructure Bank
§ 32-10-121. Creation; Governance; Corporate Purpose; Types of Accounts
§ 32-10-123. Authority of the Board
§ 32-10-124. Power of Board; Meaning of Use of Word “Bank” for Purposes of This Article
§ 32-10-126. Earnings; Establishment of Accounts and Subaccounts; Commingling of Funds
§ 32-10-127. Loans and Other Financial Assistance; Determination of Eligible Projects
§ 32-10-128. Authority of Qualified Borrowers
§ 32-10-129. Bank Exempted From Taxes and Assessments
§ 32-10-130. Withholding of Funds
§ 32-10-131. Liability of Officer, Employee, or Committee of Bank
§ 32-10-132. Notice Prior to Action or Referendum Not Required