O.C.G.A.

O.C.G.A. § 32-10-107 (2019)

Confirmation and validation of bonds

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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Bonds of the authority shall be confirmed and validated in accordance with Article 3 of Chapter 82 of Title 36, the ‘‘Revenue Bond Law.’’ The petition for validation shall also make any person, firm, corporation, limited liability company, or other type of private entity a party defendant to such action, if such person, firm, corporation, limited liability company, or other type of private entity has or will contract with the authority with respect to the project for which revenue bonds are to be issued and are sought to be validated. The bonds, when validated, and the judgment of validation shall be final and conclusive with respect to the validity of such bonds and against the authority and against all other persons or entities, regardless of whether such persons or entities were parties to such validation proceedings.

History

Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 30; Code 1933, § 95A-1267, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 2017, p. 760, § 6/SB 183. The 2017 amendment, effective July 1, 2017, substituted the present provisions of this Code section for the former provisions, which read: ‘‘Bonds of the authority shall be confirmed and validated

in accordance with Article 3 of Chapter 82 of Title 36, the ‘Revenue Bond Law.’ The bonds, when validated, and the judgment of validation shall be final and conclusive with respect to such bonds and against the authority issuing the same.’’.

Annotations

Law reviews. - For annual survey on administrative law, see 69 Mercer L. Rev. 15 (2017).