Upon a regional commission’s ceasing operations, the local government members of the regional commission shall, within 30 days of cessation of the regional commission’s operations, appoint a receiver of the assets of the regional commission for the protection of creditors. The receiver shall be authorized to marshal, sell, or transfer assets, pay liabilities, and assess counties and municipalities which were members of the regional commission. After the completion of such liquidation, a distribution shall be made to the local government members on a pro rata basis according to the amount of contributions such members made to the regional commission.
History. Code 1981, § 50-8-39 , enacted by Ga. L. 2008, p. 181, § 5/HB 1216.
Structure Georgia Code
Chapter 8 - Department of Community Affairs
Article 2 - Regional Commissions
§ 50-8-30. Legislative Findings and Intent; Construction of Article
§ 50-8-32. Creation of Regional Commissions
§ 50-8-33. Municipal and County Membership; Annual Dues; Distribution of State Funds
§ 50-8-34.1. Executive Director of Commission; Performance Standards and Annual Performance Review
§ 50-8-36. Review, Comment, and Recommendation Regarding Local Plans; Public Meetings and Hearings
§ 50-8-38. Accounting of Funds by Commission; Disclosure; Access to Documents
§ 50-8-40. Notice of Intent to Designate Area-Wide or Multicounty Agency
§ 50-8-41. Regional Development Centers Succeeded by Regional Commissions
§ 50-8-42. Remaining Powers of Metropolitan Area Planning and Development Commissions
§ 50-8-44. Exemption From Taxes
§ 50-8-46. No Limits by Article on County or Municipal Zoning Power
§ 50-8-47. Transfer of Outstanding Assets, Liabilities, Contracts, Staff, Records, or Debts