O.C.G.A.

O.C.G.A. § 50-23-13 (2019)

Liberal construction; bonds exempt from securities law; necessity of notice, proceeding, or publication; referendums

✓ 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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The provisions of this article shall be liberally construed to effect the purposes of this article. The offer, sale, or issuance of bonds, notes, or other obligations by the authority shall not be subject to regulation under Chapter 5 of Title 10, known as the ‘‘Georgia Uniform Securities Act of 2008.’’ No notice, proceeding, or publication except those required in this article shall be necessary to the performance of any act authorized in this article; nor shall any such act be subject to referendum.

History

Code 1981, § 50-23-13, enacted by Ga. L. 1986, p. 569, § 1; Ga. L. 1994, p. 1108, § 6; Ga. L. 2008, p. 381, § 10/SB 358.

Annotations

Code Commission notes. - Pursuant to Code Section 28-9-5, in 1990, ‘‘Chapter 5’’ was substituted for ‘‘Chapter 1’’ in the second sentence.