As used in this chapter, the term:
There may also be included, as part of such cost of project, the repayment of any loans made for the advance payment of any part of such cost, including the interest thereon. The cost of any project may also include a fund or funds for the creation of a debt service reserve, a renewal and replacement reserve, and such other reserves as may be reasonably required by the authority with respect to the financing and operation of its projects and as may be authorized by any bond resolution or trust agreement or indenture pursuant to the provisions of which the issuance of any such bonds may be authorized. Any obligation or expense incurred for any of the foregoing purposes shall be regarded as a part of the cost of the project and may be paid or reimbursed as such out of the proceeds of revenue bonds or notes issued under this chapter.
No such office building facility as defined in this subparagraph shall be undertaken by an authority unless the authority determines that the business enterprise or charitable corporation, association, or similar entity to use such facility will be the primary tenant;
(K.1) The provision of financing to property owners for the purpose of installing or modifying improvements to their property in order to reduce the energy or water consumption on such property or to install an improvement to such property that produces energy from renewable resources;
History. Ga. L. 1963, p. 531, § 2; Ga. L. 1969, p. 137, § 1; Ga. L. 1971, p. 177, § 1; Ga. L. 1975, p. 1259, § 1; Ga. L. 1976, p. 708, §§ 1, 2; Ga. L. 1976, p. 1483, § 1; Ga. L. 1977, p. 789, § 1; Ga. L. 1978, p. 1162, §§ 1, 2; Ga. L. 1979, p. 413, § 1; Ga. L. 1980, p. 1332, § 1; Ga. L. 1981, p. 1457, §§ 1, 2; Ga. L. 1982, p. 3, § 36; Ga. L. 1982, p. 1706, §§ 1, 6; Ga. L. 1984, p. 22, § 36; Ga. L. 1988, p. 685, § 1; Ga. L. 1992, p. 2533, § 18; Ga. L. 1996, p. 1105, § 1; Ga. L. 2003, p. 390, § 1; Ga. L. 2009, p. 453, § 1-4/HB 228; Ga. L. 2010, p. 261, § 2/HB 1388.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1988, a comma was inserted following “power” in subparagraph (6)(D).
Editor’s notes.
Ga. L. 1978, p. 1162, § 3, which Act deleted language at the end of paragraph (6) and added subparagraphs (H) and (I) to paragraph (6), provides that if any provision of § 1 or § 2 of the Act is held to be invalid or inoperative, the remaining provisions of the Act shall be deemed to be void and of no effect.
Ga. L. 1979, p. 413, § 3, which Act added subparagraph (J) of paragraph (6) provides that if any provision of § 1 or § 2 of the Act is held to be invalid or inoperative, the remaining provisions of the Act shall be deemed to be void and of no effect.
Ga. L. 1980, p. 1322, § 3, which Act added subparagraph (K) of paragraph (6), provides that if any part of the Act is declared unconstitutional, such adjudication shall affect the other parts of the Act, which shall thereafter be of no force and effect.
Law reviews.
For annual survey article on local government law, see 52 Mercer L. Rev. 341 (2000).
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