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2018 Georgia Code 20-3-170 | Car Wreck Lawyer

TITLE 20 EDUCATION

Section 3. Postsecondary Education, 20-3-1 through 20-3-660.

ARTICLE 5 GEORGIA EDUCATION AUTHORITY (UNIVERSITY)

20-3-170. Tax exemption of authority's property, activities, charges, and bonds.

The creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of this state and is a public purpose, and the authority will be performing an essential governmental function in the exercise of the power conferred upon it by this article; and this state covenants with the holders of the bonds that the authority shall be required to pay no taxes or assessments upon any of the property acquired or leased by it or under its jurisdiction, control, possession, or supervision or upon its activities in the operation or maintenance of the buildings erected or acquired by it or any fees, rentals, or other charges for the use of such buildings or other income received by the authority, and that the bonds of the authority, their transfer, and the income therefrom shall at all times be exempt from taxation within the state.

(Ga. L. 1949, p. 1009, § 21.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 71 Am. Jur. 2d, State and Local Taxation, § 280.

C.J.S.

- 84 C.J.S., Taxation, § 208.

Cases Citing O.C.G.A. § 20-3-170

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Hutto v. Plagens, 330 S.E.2d 341 (Ga. 1985).

Cited 21 times | Published | Supreme Court of Georgia | May 28, 1985 | 254 Ga. 512

...In Blue, supra, we held that Georgia courts may modify a foreign divorce decree if domesticated. "Modification of a sister state decree does not offend the full faith and credit clause so long as the decree is modifiable by the rendering state." 243 Ga. at 23. The Code of Laws of South Carolina § 20-3-170 permits modification whenever "the circumstances of the parties or the financial ability of the spouse making the periodic payments shall have changed....