O.C.G.A.
O.C.G.A.

O.C.G.A. § 52-2-15 (2019)

Revenue bonds - Issuance; payment of principal and

✓ 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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interest from special fund; dating of bonds; determination of rate of interest; time of maturity; redemption before maturity. 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 this chapter of any one or more projects. The principal and interest of such revenue bonds shall be payable solely from the special fund provided in this chapter for such payment. The bonds of each issue shall be dated, shall bear interest at the lowest rate obtainable by negotiation or, if the authority deems it necessary, by the taking of competitive bids, payable as determined by the authority at time of issue, shall mature at such time or times as the authority may determine at the time of issue, shall be payable in such medium of payment 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.

History

Ga. L. 1945, p. 464, § 5; Ga. L. 1949, p. 778, § 3; Ga. L. 1963, p. 342, § 4; Ga. L. 1974, p. 589, § 1.

Annotations

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

Notes of Decisions
Cited in 3 cases, 2004–2018 · leading case: Ga. Ports Auth. v. Lawyer, 821 S.E.2d 22 (Ga. 2018).
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Ga. Ports Auth. v. Lawyer, 821 S.E.2d 22 (Ga. 2018). · cites it 2× “Although the Ports **681 Authority generates its own substantial revenues and has the authority to issue its own revenue bonds (subject to the approval of the State Financing and Investment Commission), see OCGA § 52-2-15, the trial court found that the Ports Authority's major…”
Hines v. Georgia Ports Auth., 604 S.E.2d 189 (Ga. 2004). · cites it 2× “18 OCGA §52-2-15. 19 OCGA§ 52-2-24. 20 OCGA §§ 52-2-9 (8), 52-2-11.”
Georgia Ports Auth. v. Lawyer, 304 Ga. 667 (Ga. 2018). · cites it 2× “Although the Ports Authority generates its own substantial revenues and has the authority to issue its own revenue bonds (subject to the approval of the State Financing and Investment Commission), see OCGA § 52-2-15, the trial court found that the Ports Authority’s major capital…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.