provided, however, that one of such directors may be a member of the governing body of the municipal corporation.
(c.1) Notwithstanding subsection (a) of this Code section, one director appointed to the board may reside outside the county; provided, however, that such appointed director owns a business within the downtown development area and is a resident of the State of Georgia. If subsequently to his or her appointment to the board pursuant to this subsection, the director ceases to own a business within the downtown development area or reside in the State of Georgia, such director shall relinquish his or her seat on the board.
History. Ga. L. 1981, p. 1744, § 5; Ga. L. 1990, p. 570, § 1; Ga. L. 1991, p. 94, § 36; Ga. L. 1992, p. 2533, § 2; Ga. L. 2008, p. 180, § 1/HB 1126; Ga. L. 2021, p. 344, § 1/HB 161.
The 2021 amendment, effective May 4, 2021, deleted the former last sentence in subsection (c), which read: “Each authority shall have perpetual existence.
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.”