Georgia Code
Chapter 26 - Housing and Finance Authority
§ 50-26-11. Bonds as Securities

The bonds authorized by this chapter are securities in which:
may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are also securities which may be deposited with and shall be received by all public officers and bodies of this state and local governments for any purpose for which deposit of the bonds or other obligations of this state is authorized.
History. Code 1981, § 50-26-11 , enacted by Ga. L. 1991, p. 1653, § 1-2.

Structure Georgia Code

Georgia Code

Title 50 - State Government

Chapter 26 - Housing and Finance Authority

§ 50-26-1. Short Title

§ 50-26-2. Legislative Findings and Declaration of Necessity

§ 50-26-3. Substitution of Georgia Housing and Finance Authority for Georgia Residential Finance Authority

§ 50-26-4. Definitions

§ 50-26-5. Creation of Authority; Composition; Election and Terms of Officers; Expense Allowance; Delegation of Power; Executive Director; Use of Funds; Legal Services Provided by Attorney General

§ 50-26-6. Limitation on Liability

§ 50-26-7. Powers of Authority Vested in Board of Directors; Quorum; Action Taken by Majority

§ 50-26-8. Powers of Authority

§ 50-26-9. Power to Issue Bonds and Incur Indebtedness; Exemption From Taxation

§ 50-26-10. Obligations Not Subject to “Georgia Uniform Securities Act of 2008”; Payment of Operating Costs; Authority’s Revenue; Bond Anticipation Notes; Terms of Bond; Replacement of Bond; Validation; Interest Rates

§ 50-26-11. Bonds as Securities

§ 50-26-12. Payment of Bond Proceeds; Pledges of Proceeds for Payment of Bond

§ 50-26-13. Power to Secure Issuance of Bonds by Trust Agreement or Indenture; Contents of Trust Agreement or Indenture

§ 50-26-14. Moneys Received Deemed Trust Funds; Pledge of Assets, Funds, and Properties for Payment of Bonds

§ 50-26-15. Annual and Periodic Audits and Reports Required

§ 50-26-16. Termination of Authority

§ 50-26-17. Powers as to Real Property; Reverse Equity Mortgages; Sale of Qualified Mortgage Bonds; Administration of Alternate Funds; Authority to Issue

§ 50-26-18. Facilitating Economic Development for Enterprises

§ 50-26-19. Financing Acquisition, Construction, and Equipping of Health Care Facilities

§ 50-26-20. Competitive Bidding on Contracts Not Required

§ 50-26-21. Transfer of Assets and Obligations of Hospital Financing Authority to Authority

§ 50-26-22. Transfer of Personnel to Department of Community Affairs