The real and personal property of any development authority which was created for a county prior to July 1, 1983, by constitutional amendment and which was dissolved by operation of law pursuant to Article XI, Section I, Paragraph IV(c) of the Constitution shall by operation of law become the property of any development authority subsequently created by such county pursuant to this chapter or, in the absence thereof, shall become the property of the county.
History. Code 1981, § 36-62-13 , enacted by Ga. L. 1990, p. 383, § 1.
Structure Georgia Code
Chapter 62 - Development Authorities
§ 36-62-3. Constitutional Authority for Chapter; Finding of Public Purposes; Tax Exemption
§ 36-62-5.1. Joint Authorities
§ 36-62-5.2. Creation of Regional Industrial Development Authorities; Application; Tax Credits
§ 36-62-6. Powers of Authority Generally
§ 36-62-9. Purposes of Chapter; Issuance of Bonds or Bond Anticipation Notes; Exceptions
§ 36-62-10. Obligations of Authority Not Indebtedness of State or Political Subdivisions
§ 36-62-12. Previously Created Authority Not Affected by Chapter
§ 36-62-13. Disposition of Property of Certain Authorities Dissolved by Operation of Law