As used in this chapter, the term:
Any cost, obligation, or expense incurred for any of the foregoing purposes shall be a part of the cost of the project and may be paid or reimbursed as such out of proceeds of revenue bonds, notes, or other obligations issued by the authority.
A project may be for any industrial, commercial, business, office, parking, public, or other use, provided that a majority of the members of the authority determine, by a duly adopted resolution, that the project and such use thereof would further the public purpose of this chapter. Such term shall include any one or more buildings or structures used or to be used as a not for profit hospital, not for profit skilled nursing home, or not for profit intermediate care home subject to regulation and licensure by the Department of Community Health and all necessary, convenient, or related interests in land, machinery, apparatus, appliances, equipment, furnishings, appurtenances, site preparation, landscaping, and physical amenities.
History. Ga. L. 1981, p. 1744, § 1; Ga. L. 1988, p. 1463, § 1; Ga. L. 1992, p. 6, § 36; Ga. L. 1992, p. 2533, § 1; Ga. L. 2002, p. 415, § 36; Ga. L. 2008, p. 12, § 2-34/SB 433; Ga. L. 2010, p. 261, § 1/HB 1388.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1988, a comma was added following “licenses” near the end of subparagraph (2)(B).
Structure Georgia Code
Chapter 42 - Downtown Development Authorities
§ 36-42-2. Legislative Purpose
§ 36-42-4. Creation of Authorities; Appointment and Terms of Directors; Quorum
§ 36-42-6. Action by Resolution Subsequent to Activating Authority
§ 36-42-7. Qualifications and Reimbursement of Directors; Election of Officers; Training
§ 36-42-8. Powers of Authorities Generally
§ 36-42-9. Revenue Bonds Generally
§ 36-42-12. Obligations of Authorities Not Public Debt of State or Political Subdivision Thereof
§ 36-42-13. Constitutional Authority for Enactment of Chapter; Tax Exemption
§ 36-42-14. Effect of Chapter on Other Public Authorities
§ 36-42-15. Construction of Chapter; Applicability of the “Georgia Uniform Securities Act of 2008.”