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2018 Georgia Code 32-10-90 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 32-10-90 Case Law from Google Scholar Amendments to OCGA 32-10-90

TITLE 32 HIGHWAYS, BRIDGES, AND FERRIES

Section 10. Public Authorities, 32-10-1 through 32-10-133.

ARTICLE 2 STATE ROAD AND TOLLWAY AUTHORITY

32-10-90. Power of authority to issue bonds generally; pledging of tolls and other project revenues for payment of principal and interest of bonds; attributes of bonds generally.

The authority shall have the power and is authorized, at one time or from time to time, to provide by resolution for the issuance of negotiable revenue bonds of the authority for the purpose of paying all or any part of the cost, as defined in paragraph (4) of Code Section 32-10-60, of any one or a combination of projects. The principal and interest of such revenue bonds shall be payable from and may be secured by a pledge of tolls and other revenues of all or any part of the project financed in whole or in part with the proceeds of such issue or with the proceeds of bonds refunded or to be refunded by such issue or by a pledge of any other revenues of the authority that are legally available for such purpose. The bonds of each issue shall be dated, shall bear interest as provided for in Code Section 32-10-91, shall mature not later than 40 years from the date of issue, shall be payable in such media of payments as to both principal and interest as may be determined by the authority, and may be made redeemable before maturity, at the option of the authority, at such price or prices and under such terms and conditions as may be fixed by the authority in the resolution providing for the issuance of the bonds.

(Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 12; Ga. L. 1972, p. 179, § 19; Code 1933, § 95A-1249, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 2001, p. 1251, § 1-12.)

Cross references.

- Revenue bonds generally, § 36-82-60 et seq.

Cases Citing O.C.G.A. § 32-10-90

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Campbell v. State Road & Tollway Auth., 276 Ga. 714 (Ga. 2003).

Cited 1 times | Published | Supreme Court of Georgia | Jun 30, 2003 | 583 S.E.2d 32, 2003 Fulton County D. Rep. 2013

...1999) (holding transportation revenue anticipation notes constituted a “multiple-fiscal year direct or indirect district debt” requiring voter approval under the Colorado Constitution). Humberto Sanchez, Fitch Sees Amount of Outstanding Garuees Doubling by 2004, The Bond Buyer, April 30, 2002, at 3; see OCGA § 32-10-90.1 (2001) (defining “garvee bond” as any bond issued by SRTA that is an eligible debt financing instrument under 23 U.S.C....
...(2001) (designating DOT and SRTA as the proper state agencies to discharge all duties imposed on the state by any federal act allotting federal funds for public roads and other transportation purposes). See OCGA § 32-10-72 (7) (2001). See OCGA § 32-10-90.1 (d) (2001). See Trust Indenture §§ 203, 401 & 1302; see also OCGA § 32-10-99 (2001) (credit of state not pledged). Ga....