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2018 Georgia Code 36-82-60 | Car Wreck Lawyer

TITLE 36 LOCAL GOVERNMENT

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ARTICLE 3 REVENUE BONDS

36-82-60. Short title.

This article may be cited as the "Revenue Bond Law."

(Ga. L. 1937, p. 761, § 1; Ga. L. 1957, p. 36, § 1.)

Law reviews.

- For article discussing the impact on bond issues of challenges to voting procedures, see 15 Ga. St. B.J. 15 (1978).

JUDICIAL DECISIONS

Constitutionality.

- As applied to the establishment and maintenance of systems of waterworks by counties, the Revenue Bond Law (O.C.G.A. Art. 3, Ch. 82, T. 36) is not subject to attack on the ground that the law violates the constitutional provision that protection to person and property is the paramount duty of government, and shall be impartial and complete. Nor does the Constitution otherwise prohibit the General Assembly from authorizing such an undertaking by counties. The court did not err in denying an interlocutory injunction. Miller v. Head, 186 Ga. 694, 198 S.E. 680 (1938).

See Lawson v. City of Moultrie, 194 Ga. 699, 22 S.E.2d 592 (1942).

Certificates not to be charged against general credit.

- Revenue Bond Law (O.C.G.A. Art. 3, Ch. 82, T. 36) is designed to provide for self-liquidating projects and the revenue bonds therein contemplated are not to be a charge against the general credit of the county or municipality. The liability is to be satisfied only from revenues produced by the undertaking and under the specific terms of the statute, the political division will never be required to aid in its retirement with funds derived from any other source, and is in fact prohibited from doing so. The article is not unconstitutional by virtue of violating the constitutional limitation on municipal debts in Ga. Const. 1976, Art. IX, Sec. VII, Para. I (see Ga. Const. 1983, Art. IX, Sec. V, Para. I). Miller v. Head, 186 Ga. 694, 198 S.E. 680 (1938).

Superior rights not gained by prior proceeding to validate certificates.

- There is nothing contained in the Revenue Bond Law (O.C.G.A. Art. 3, Ch. 82, T. 36) which expressly or by necessary implication gives that municipality which institutes proceedings first for the validation of the municipality's bonds, and the confirmation of the security for the payment thereof, superior rights over another municipality which may file proceedings to validate and conform the security for the municipality's bonds subsequently thereto; this is true although the two proposed districts may embrace the same area or portions of the same area. Dade County v. State, 202 Ga. 191, 42 S.E.2d 439 (1947).

City's proceeding to validate bonds not barred by county filing proceeding to validate bonds for overlapping water district.

- When the governing body of a county has fully complied with all the provisions of the Revenue Bond Law (O.C.G.A. Art. 3, Ch. 82, T. 36) in the creation of a water district and caused proceedings to be filed for the validation of the county's bonds, the fact that the governing body of a city located wholly within the area embraced in the county's district has likewise fully complied with all the provisions of the law in the creation of a water district comprised only of the area located within its corporate limits, and caused proceedings to be filed to validate and confirm its bonds, does not constitute a legal reason why the city's bonds should not be validated and confirmed. Dade County v. State, 202 Ga. 191, 42 S.E.2d 439 (1947).

Standing to challenge bond validation.

- Appeal filed by challengers to a trial court judgment confirming and validating a city's bond issuance was dismissed because the challengers failed to present any evidence to establish the challengers' standing under O.C.G.A. § 36-82-77(a) to become parties in the bond validation proceeding; thus, the challengers lacked standing to appeal the judgment in that proceeding. Sherman v. City of Atlanta, 317 Ga. 345, 730 S.E.2d 113 (2013).

Trial court properly dismissed a county resident's preemptive declaratory judgment action challenging the issuance of bonds for a development project on the ground that a bond validation petition under the Georgia Revenue Bond Law, O.C.G.A. § 36-82-60 et seq., in which the resident intervened was the exclusive forum for adjudication of the resident's claims. Courts are not to render declaratory judgments if other statutory remedies have been specifically provided, as was the case here, and the resident's claims were adequately addressed and adjudicated in the validation proceeding. Woodham v. City of Atlanta, 283 Ga. 95, 657 S.E.2d 528 (2008).

Use of local school taxes for redevelopment.

- School system, development authority, and others were properly granted summary judgment in a suit challenging the allocation of school taxes because the 2008 amendments to Ga. Const. 1983, Art. IX, Sec. II, Para. VII(b) and O.C.G.A. § 36-44-9(g), governing tax allocation districts, changed the law and retroactively allowed use of local school taxes for general redevelopment purposes. Sherman v. Atlanta Indep. Sch. Sys., 293 Ga. 268, 744 S.E.2d 26 (2013).

Cited in Dade County v. State, 77 Ga. App. 139, 48 S.E.2d 144 (1948); United States v. City of Rossville, 249 F. Supp. 701 (N.D. Ga. 1966); Copeland v. State, 268 Ga. 375, 490 S.E.2d 68 (1997).

RESEARCH REFERENCES

Am. Jur. 2d.

- 64 Am. Jur. 2d, Public Securities and Obligations, §§ 13, 74.

Cases Citing O.C.G.A. § 36-82-60

Total Results: 12  |  Sort by: Relevance  |  Newest First

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Sherman v. City of Atlanta, 293 Ga. 169 (Ga. 2013).

Cited 24 times | Published | Supreme Court of Georgia | Jun 17, 2013 | 744 S.E.2d 689, 2013 Fulton County D. Rep. 1818

NAHMIAS, Justice. Appellants John S. Sherman and Christopher D. Eichler filed a notice of appeal from the trial court’s judgment confirming and validating a bond issuance by the City of Atlanta. See generally OCGA §§ 36-82-60 to 36-82-85 (the “Revenue Bond Law”)....
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Bldg. Auth. of Fulton Cnty. v. State, 321 S.E.2d 97 (Ga. 1984).

Cited 20 times | Published | Supreme Court of Georgia | Sep 6, 1984 | 253 Ga. 242

...The county, in consideration therefor, agrees to make contract payments in the same amount and at the same times as the debt service payments are due on the Government Center bonds. Both the Government Center bonds and the Retardation Center *243 bonds were the subject of validation proceedings brought pursuant to OCGA § 36-82-60 et seq....
...IX, Sec. VII, Par. I, or that of 1983, Art. IX, Sec. VI, Par. I. Those cases *245 stand for the principle that, under the Constitution of 1945, counties can only issue bonds to finance projects included in the Revenue Certificate Act of 1937, OCGA § 36-82-60 et seq., and a county authority is likewise limited since it cannot have more power than its principal, the county....
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Nations v. Downtown Dev. Auth., 338 S.E.2d 240 (Ga. 1985).

Cited 17 times | Published | Supreme Court of Georgia | Dec 11, 1985 | 255 Ga. 324

...e trustee, NBG. In a separate assignment of the lease, the City proposes to assign all its interest in the lease to the trustee. Subsequently, the State of Georgia initiated a bond validation proceeding pursuant to the Georgia Revenue Bond Law, OCGA § 36-82-60 et seq....
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Copeland v. State, 490 S.E.2d 68 (Ga. 1997).

Cited 15 times | Published | Supreme Court of Georgia | Sep 15, 1997 | 268 Ga. 375, 97 Fulton County D. Rep. 3410

...State of Georgia, 83 Ga.App. 135(2), 62 S.E.2d 921 (1951). The report in this case meets the statutory requirements. Nor is the rate covenant as proposed in the joint resolution deficient in any manner. Judgment affirmed. All the Justices concur. NOTES [1] OCGA § 36-82-60 et seq....
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Haney v. Dev. Auth. of Bremen, 519 S.E.2d 665 (Ga. 1999).

Cited 14 times | Published | Supreme Court of Georgia | Jul 8, 1999 | 271 Ga. 403, 99 Fulton County D. Rep. 2504

...ent to the reversal of the trial court's order requiring appellants to post a surety bond during the pendency of the appeal. NOTES [1] OCGA §§ 50-15-1 to 50-15-4 (1998). [2] See 1969 Ga. Laws 815, 816. [3] See OCGA § 50-15-2. [4] Id. [5] See OCGA § 36-82-60 to 36-82-85 (1993)....
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Alexander v. MacOn-bibb Cnty. Urban Dev. Auth. & Urban Props. 47, 357 S.E.2d 62 (Ga. 1987).

Cited 10 times | Published | Supreme Court of Georgia | Jun 19, 1987 | 257 Ga. 181

...ntures to discuss the proposed project. On December 1, 1986, the Authority finalized the resolution to issue bonds for this project, and thereafter the State of Georgia initiated a bond validation proceeding in accordance with OCGA §§ 36-62-8 (g); 36-82-60 et seq....
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Woodham v. City of Atlanta, 657 S.E.2d 528 (Ga. 2008).

Cited 7 times | Published | Supreme Court of Georgia | Feb 11, 2008 | 283 Ga. 95, 2008 Fulton County D. Rep. 416

...Robert D. Feagin, Decker, Hallman, Barber & Briggs, Atlanta; Irwin W. Stolz Jr., Winburn Lewis & Stolz, LLP, Athens, Amici Appellant. THOMPSON, Justice. The State of Georgia instituted a bond validation proceeding under the Georgia Revenue Bond Law, OCGA § 36-82-60 et seq., to confirm and validate the issuance of City of Atlanta Tax Allocation Bonds to finance a project known as the Atlanta BeltLine Redevelopment Plan....
...is contrary to the statutory provisions pertaining to validation of revenue-anticipation certificates or bonds." Liner v. City of Rossville, 212 Ga. 664, 665(4), 94 S.E.2d 862 (1956). In Quarterman v. Douglas County. Bd. of Com'rs, 278 Ga. 363-364, 602 S.E.2d 651 (2004), the Court reiterated that OCGA § 36-82-60 et seq....
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Reed v. State of Georgia, 265 Ga. 458 (Ga. 1995).

Cited 6 times | Published | Supreme Court of Georgia | Jun 12, 1995 | 458 S.E.2d 113, 95 Fulton County D. Rep. 1997

...Reed has demonstrated no error in the finding of feasibility and has shown no violation of the Georgia Revenue Bond Law. *460 Judgment affirmed. All the Justices concur. NOTES [1] See OCGA § 36-82-75 et seq. [2] Ga. L. 1987, p. 5053 et seq. [3] OCGA § 36-82-60 et seq....
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Greene Cnty. Dev. Auth. v. State of Georgia, 296 Ga. 725 (Ga. 2015).

Cited 5 times | Published | Supreme Court of Georgia | Mar 16, 2015 | 770 S.E.2d 595, 316 Educ. L. Rep. 1169

...indebtedness on the bonds, amounts that the County contemplated would be raised by an ad valorem tax. The Authority also proposed a lease agreement with 1 See generally OCGA § 20-2-2060 et seq. (Charter Schools Act of 1998). 2 See generally OCGA § 36-82-60 et seq....
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Sherman v. Atlanta Indep. Sch. Sys., 293 Ga. 268 (Ga. 2013).

Cited 5 times | Published | Supreme Court of Georgia | Jun 3, 2013 | 744 S.E.2d 26, 2013 Fulton County D. Rep. 1686

...City memorializing the terms of the consent. Fulton *270County (the “Count/’) also consented to the inclusion of county property taxes in the tax allocation increments for these two TADs. In 2006, in accordance with the Revenue Bond Law, OCGA §§ 36-82-60 to 36-82-85, the Fulton County District Attorney filed a petition in the Fulton County Superior Court against the City, the County, and the School System to confirm and validate the issuance of bonds secured by the BeltLine TAD tax allocation increments in an amount not to exceed $200 million....
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Jones v. City of Atlanta, 908 S.E.2d 519 (Ga. 2024).

Cited 4 times | Published | Supreme Court of Georgia | Oct 31, 2024 | 320 Ga. 239

...exclud[ing] Franchise and P[ILOT] Payments.” The “System” is defined as “the combined drinking water, sanitary sewer, and wastewater system of the City[.]” The 1999 Master Bond Ordinance was adjudicated and validated by the Superior Court of Fulton County pursuant to Georgia’s Revenue Bond Law, OCGA § 36-82-60 et seq....

Greene Cnty. Dev. Auth. v. State of Georgia (Ga. 2015).

Published | Supreme Court of Georgia | Mar 16, 2015 | 320 Ga. 239

...the Academy, whereby the Academy generally would have use of the facility for so long as the indebtedness on the bonds remained outstanding, and the 1 See generally OCGA § 20-2-2060 et seq. (Charter Schools Act of 1998). 2 See generally OCGA § 36-82-60 et seq....