The authority shall receive all assets of, and the authority shall be responsible for any contracts, leases, agreements, or other obligations of, the Georgia Residential Finance Authority. The authority is substituted as a party to any such contract, agreement, lease, or other obligation and is responsible for performance thereon as if it had been the original party and is entitled to all benefits and rights of enforcement by any other parties to such contracts, agreements, leases, or other obligations.
History. Code 1981, § 50-26-3 , enacted by Ga. L. 1991, p. 1653, § 1-2.
Structure Georgia Code
Chapter 26 - Housing and Finance Authority
§ 50-26-2. Legislative Findings and Declaration of Necessity
§ 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
§ 50-26-11. Bonds as Securities
§ 50-26-12. Payment of Bond Proceeds; Pledges of Proceeds for Payment of Bond
§ 50-26-15. Annual and Periodic Audits and Reports Required
§ 50-26-16. Termination of Authority
§ 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