Georgia Code
Chapter 26 - Housing and Finance Authority
§ 50-26-7. Powers of Authority Vested in Board of Directors; Quorum; Action Taken by Majority

History. Code 1981, § 50-26-7 , 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