| 3 | 3 | | By: Representative Rhodes of the 124 |
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| 4 | 4 | | th |
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| 5 | 5 | | |
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| 6 | 6 | | A BILL TO BE ENTITLED |
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| 7 | 7 | | AN ACT |
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| 8 | 8 | | To create the Greene County Public Facilities Authority and to provide for the appointment |
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| 9 | 9 | | 1 |
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| 10 | 10 | | of members of the authority; to provide for a short title; to confer powers upon the authority;2 |
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| 11 | 11 | | to provide for purpose and scope of operations of the authority; to provide for definitions;3 |
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| 12 | 12 | | to authorize the issuance of revenue bonds of the authority; to fix and provide the venue and4 |
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| 13 | 13 | | jurisdiction of actions; to provide for moneys received and trust funds; to provide for tort5 |
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| 14 | 14 | | immunity; to provide for tax exemption, rates, charges, and revenues; to provide for effect6 |
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| 15 | 15 | | on other governments; to provide for construction of Act and severability; to provide for7 |
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| 16 | 16 | | related matters; to provide for an effective date; to repeal conflicting laws; and for other8 |
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| 17 | 17 | | purposes.9 |
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| 18 | 18 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:10 |
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| 19 | 19 | | SECTION 1.11 |
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| 20 | 20 | | Short title.12 |
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| 21 | 21 | | This Act shall be known and may be cited as the "Greene County Public Facilities Authority13 |
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| 22 | 22 | | Act."14 |
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| 23 | 23 | | H. B. 816 |
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| 25 | 25 | | SECTION 2. |
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| 26 | 26 | | 15 |
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| 27 | 27 | | Greene County Public Facilities Authority.16 |
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| 28 | 28 | | (a) There is hereby created a public body corporate and politic to be known as the "Greene17 |
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| 29 | 29 | | County Public Facilities Authority," which shall be deemed to be a political subdivision of18 |
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| 30 | 30 | | the state and a public corporation, and by that name, style, and title such body may contract19 |
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| 31 | 31 | | and be contracted with, sue and be sued, implead and be impleaded, and complain and defend20 |
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| 32 | 32 | | in all courts of law and equity. The authority shall have perpetual existence.21 |
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| 33 | 33 | | (b) The authority shall consist of five members who shall be appointed by the Board of22 |
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| 34 | 34 | | Commissioners of Greene County. Members of the Board of Commissioners of Greene23 |
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| 35 | 35 | | County may be appointed to the authority. With respect to initial appointments, each24 |
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| 36 | 36 | | member of the Board of Commissioners, including the chairperson, shall nominate an25 |
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| 37 | 37 | | individual for appointment to the authority. Commissioners may nominate themselves. Each26 |
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| 38 | 38 | | initial nominee appointed to the authority shall serve contemporaneously with the term of the27 |
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| 39 | 39 | | nominating commissioner, with such term expiring at the end of the existing term of the28 |
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| 40 | 40 | | commissioner. Thereafter, all members shall be appointed for terms of four years and until29 |
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| 41 | 41 | | their successors are appointed and qualified. Immediately after such appointments, the30 |
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| 42 | 42 | | members of the authority shall enter upon their duties. To be eligible for appointment as a31 |
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| 43 | 43 | | member of the authority, a person shall be at least 21 years of age and a resident of Greene32 |
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| 44 | 44 | | County, Georgia, for at least two years prior to the date of his or her appointment and shall33 |
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| 45 | 45 | | not have been convicted of a felony. Any member of the authority may be selected and34 |
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| 46 | 46 | | appointed to succeed himself or herself. 35 |
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| 47 | 47 | | (c) The members shall not be compensated for their services; provided, however, that such36 |
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| 48 | 48 | | members shall be reimbursed for their actual expenses necessarily incurred in the37 |
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| 49 | 49 | | performance of their duties.38 |
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| 50 | 50 | | (d) The members of the authority shall elect one of their number as chairperson and another39 |
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| 51 | 51 | | as vice chairperson. The members of the authority shall also elect a secretary, who need not40 |
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| 52 | 52 | | H. B. 816 |
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| 54 | 54 | | be a member of the authority, and may also elect a treasurer, who need not be a member of |
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| 55 | 55 | | 41 |
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| 56 | 56 | | the authority. The secretary may also serve as treasurer. If the secretary and treasurer are42 |
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| 57 | 57 | | not members of the authority, such officers shall have no voting rights; and each shall serve43 |
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| 58 | 58 | | for a period of one year and until their successors are duly elected and qualified.44 |
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| 59 | 59 | | (e) Three members of the authority shall constitute a quorum. No vacancy on the authority45 |
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| 60 | 60 | | shall impair the right of the quorum to exercise all of the rights and perform all of the duties46 |
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| 61 | 61 | | of the authority.47 |
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| 62 | 62 | | SECTION 3.48 |
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| 63 | 63 | | Definitions.49 |
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| 64 | 64 | | As used in this Act, the term:50 |
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| 65 | 65 | | (1) "Authority" means the Greene County Public Facilities Authority created by this Act.51 |
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| 66 | 66 | | (2) "Costs of the project" means and embraces the cost of construction; the cost of all52 |
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| 67 | 67 | | lands, properties, rights, easements, and franchises acquired; the cost of all machinery and53 |
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| 68 | 68 | | equipment; financing charges; interest prior to and during construction and for six months54 |
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| 69 | 69 | | after completion of construction; the cost of engineering, architectural, fiscal agents'55 |
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| 70 | 70 | | expenses, legal expenses, plans and specifications, and other expenses necessary or56 |
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| 71 | 71 | | incidental to determining the feasibility or practicability of the project; administrative57 |
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| 72 | 72 | | expenses and such other expenses as may be necessary or incidental to the financing58 |
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| 73 | 73 | | authorized in this Act; working capital; and all other costs necessary to acquire, construct,59 |
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| 74 | 74 | | add to, extend, improve, equip, operate, and maintain the project.60 |
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| 75 | 75 | | (3) "County" means Greene County, Georgia.61 |
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| 76 | 76 | | (4) "Project" means all buildings, facilities, and equipment necessary or convenient for62 |
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| 77 | 77 | | the efficient operation of the county or any department, agency, division, or commission63 |
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| 78 | 78 | | thereof, the Greene County School District, any municipal corporation within the county,64 |
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| 79 | 79 | | and any undertaking permitted by the Revenue Bond Law.65 |
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| 80 | 80 | | H. B. 816 |
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| 82 | 82 | | (5) "Revenue Bond Law" means Article 3 of Chapter 82 of Title 36 of the O.C.G.A., the |
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| 83 | 83 | | 66 |
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| 84 | 84 | | "Revenue Bond Law."67 |
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| 85 | 85 | | (6) "Revenue bonds" means revenue bonds authorized to be issued pursuant to the68 |
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| 86 | 86 | | Revenue Bond Law.69 |
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| 87 | 87 | | (7) "Self-liquidating" means any project from which the revenues and earnings to be70 |
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| 88 | 88 | | derived by the authority therefrom, including, but not limited to, any contractual71 |
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| 89 | 89 | | payments with governmental or private entities, and all properties used, leased, and sold72 |
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| 90 | 90 | | in connection herewith, together with any grants, will be sufficient to pay the costs of73 |
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| 91 | 91 | | operating, maintaining, and repairing the project and to pay the principal and interest on74 |
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| 92 | 92 | | the revenue bonds or other obligations which may be issued for the purpose of paying the75 |
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| 93 | 93 | | costs of the project.76 |
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| 94 | 94 | | (8) "State" means the State of Georgia.77 |
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| 95 | 95 | | SECTION 4.78 |
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| 96 | 96 | | Powers.79 |
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| 97 | 97 | | The authority shall have the power:80 |
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| 98 | 98 | | (1) To have a seal and alter the same at its pleasure;81 |
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| 99 | 99 | | (2) To acquire by purchase, lease, gift, condemnation, or otherwise and to hold, operate,82 |
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| 100 | 100 | | maintain, lease, and dispose of real and personal property of every kind and character for83 |
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| 101 | 101 | | its corporate purposes;84 |
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| 102 | 102 | | (3) To acquire in its own name by purchase on such terms and conditions and in such85 |
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| 103 | 103 | | manner as it may deem proper or by condemnation in accordance with the provisions of86 |
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| 104 | 104 | | any and all existing laws applicable to the condemnation of property for public use, real87 |
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| 105 | 105 | | property, or rights or easements therein, or franchises necessary or convenient for its88 |
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| 106 | 106 | | corporate purposes; to use the same so long as its corporate existence shall continue; and89 |
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| 107 | 107 | | to lease or make contracts with respect to the use of or disposal of the same in any90 |
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| 108 | 108 | | H. B. 816 |
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| 110 | 110 | | manner it deems to the best advantage of the authority. The authority shall be under no |
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| 111 | 111 | | 91 |
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| 112 | 112 | | obligation to accept and pay for any property condemned under this Act except from the92 |
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| 113 | 113 | | funds provided under the authority of this Act. In any proceedings to condemn, such93 |
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| 114 | 114 | | orders may be made by the court having jurisdiction of the suit, action, or proceedings94 |
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| 115 | 115 | | as may be just to the authority and to the owners of the property to be condemned. No95 |
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| 116 | 116 | | property shall be acquired under the provisions of this Act upon which any lien or96 |
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| 117 | 117 | | encumbrance exists, unless, at the time such property is so acquired, a sufficient sum of97 |
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| 118 | 118 | | money is to be deposited in trust to pay and redeem the fair value of such lien or98 |
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| 119 | 119 | | encumbrance;99 |
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| 120 | 120 | | (4) To appoint, select, and employ officers, agents, and employees, including100 |
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| 121 | 121 | | engineering, architectural, and construction experts, fiscal agents, and attorneys, and to101 |
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| 122 | 122 | | fix their respective compensations;102 |
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| 123 | 123 | | (5) To execute contracts, leases, installment sale agreements, and other agreements and103 |
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| 124 | 124 | | instruments necessary or convenient in connection with the acquisition, construction,104 |
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| 125 | 125 | | addition, extension, improvement, equipping, operation, or maintenance of a project; and105 |
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| 126 | 126 | | any and all persons, firms, corporations, and Greene County are hereby authorized to106 |
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| 127 | 127 | | enter into contracts, leases, installment sale agreements, and other agreements or107 |
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| 128 | 128 | | instruments with the authority upon such terms and for such purposes as they deem108 |
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| 129 | 129 | | advisable and as they are authorized by law;109 |
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| 130 | 130 | | (6) To acquire, construct, add to, extend, improve, equip, hold, operate, maintain, lease,110 |
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| 131 | 131 | | and dispose of projects;111 |
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| 132 | 132 | | (7) To pay the costs of the project with the proceeds of revenue bonds or other112 |
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| 133 | 133 | | obligations issued by the authority or from any grant or contribution from the United113 |
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| 134 | 134 | | States or any agency or instrumentality thereof or from this state or any agency or any114 |
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| 135 | 135 | | instrumentality or other political subdivision thereof or from any other source115 |
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| 136 | 136 | | whatsoever;116 |
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| 137 | 137 | | H. B. 816 |
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| 139 | 139 | | (8) To accept loans or grants of money, materials, or property of any kind from the |
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| 140 | 140 | | 117 |
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| 141 | 141 | | United States or any agency or instrumentality thereof, upon such terms and conditions118 |
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| 142 | 142 | | as the United States or such agency or instrumentality may require;119 |
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| 143 | 143 | | (9) To accept loans or grants of money, materials, or property of any kind from this state120 |
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| 144 | 144 | | or any agency or instrumentality or political subdivision or municipal corporation thereof,121 |
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| 145 | 145 | | upon such terms and conditions as this state or such agency or instrumentality or political122 |
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| 146 | 146 | | subdivision or municipal corporation may require;123 |
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| 147 | 147 | | (10) To borrow money for any of its corporate purposes, to issue revenue bonds, notes124 |
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| 148 | 148 | | and other forms of obligation, deeds to secure debt, security agreements, and other125 |
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| 149 | 149 | | instruments as may be necessary or convenient to evidence and secure such borrowing,126 |
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| 150 | 150 | | and to provide for the payment of the same and for the rights of the holders thereof;127 |
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| 151 | 151 | | (11) To exercise any power usually possessed by private corporations performing similar128 |
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| 152 | 152 | | functions, including the power to incur short-term debt and to approve, execute, and129 |
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| 153 | 153 | | deliver appropriate evidence of any such indebtedness;130 |
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| 154 | 154 | | (12) To adopt, alter, or repeal its own bylaws, rules, and regulations governing the131 |
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| 155 | 155 | | manner in which its business is transacted;132 |
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| 156 | 156 | | (13) To prescribe rules, regulations, service policies, and procedures for the operation133 |
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| 157 | 157 | | of any project; and134 |
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| 158 | 158 | | (13) To do all things necessary or convenient to carry out the powers expressly given in135 |
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| 159 | 159 | | this Act.136 |
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| 160 | 160 | | SECTION 5.137 |
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| 161 | 161 | | Revenue bonds.138 |
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| 162 | 162 | | The authority, or any authority or body which has or which may in the future succeed to the139 |
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| 163 | 163 | | powers, duties, and liabilities vested in the authority created by this Act, shall have power140 |
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| 164 | 164 | | and is authorized, pursuant to the Revenue Bond Law, to provide by resolution for the141 |
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| 165 | 165 | | H. B. 816 |
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| 167 | 167 | | issuance of revenue bonds of the authority for the purpose of paying all or any part of the |
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| 168 | 168 | | 142 |
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| 169 | 169 | | costs of a project and for the purpose of refunding revenue bonds or other obligations143 |
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| 170 | 170 | | previously issued. Revenue bonds shall be undertaken, issued, priced, validated, sold, paid,144 |
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| 171 | 171 | | redeemed, refunded, secured, and replaced in accordance with the provisions of the Revenue145 |
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| 172 | 172 | | Bond Law. The principal and interest on revenue bonds shall be payable solely from the146 |
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| 173 | 173 | | revenues and properties pledged to the payment of such bonds. Revenue bonds issued by the147 |
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| 174 | 174 | | authority shall contain terms the authority determines are in the best interest of the authority,148 |
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| 175 | 175 | | provided no revenue bonds shall have a maturity exceeding 40 years.149 |
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| 176 | 176 | | SECTION 6.150 |
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| 177 | 177 | | Revenue bonds; signatures; seal.151 |
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| 178 | 178 | | All revenue bonds shall bear the manual or facsimile signature of the chairperson or vice152 |
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| 179 | 179 | | chairperson of the authority and the attesting manual or facsimile signature of the secretary153 |
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| 180 | 180 | | or treasurer of the authority, and the official seal of the authority shall be impressed or154 |
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| 181 | 181 | | imprinted thereon. Any revenue bonds may bear the manual or facsimile signature of such155 |
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| 182 | 182 | | persons as at the actual time of execution of the revenue bonds shall be duly authorized or156 |
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| 183 | 183 | | hold the proper office, although at the date of issuance of the revenue bonds the person may157 |
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| 184 | 184 | | not have been authorized or held the office. In case any officer whose signature appears on158 |
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| 185 | 185 | | any revenue bonds ceases to be an officer before the delivery of the bonds, the signature shall159 |
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| 186 | 186 | | be valid and sufficient for all purposes, as if the officer had remained in office until delivery.160 |
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| 187 | 187 | | H. B. 816 |
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| 189 | 189 | | SECTION 7. |
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| 190 | 190 | | 161 |
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| 191 | 191 | | Revenue bonds; negotiability; exemption from taxation.162 |
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| 192 | 192 | | All revenue bonds shall have, and are declared to have, all the qualities and incidents of163 |
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| 193 | 193 | | negotiable instruments under the laws of this state. All revenue bonds and their transfer and164 |
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| 194 | 194 | | income shall be exempt from all taxation within the state.165 |
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| 195 | 195 | | SECTION 8.166 |
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| 196 | 196 | | Revenue bonds; conditions precedent to issuance.167 |
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| 197 | 197 | | The authority shall adopt a resolution authorizing the issuance of the revenue bonds. In the168 |
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| 198 | 198 | | resolution, the authority shall determine that the project financed with the proceeds of such169 |
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| 199 | 199 | | revenue bonds is self-liquidating. Revenue bonds may be issued without any other170 |
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| 200 | 200 | | proceedings or the happening of any other conditions or things other than those proceedings,171 |
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| 201 | 201 | | conditions, and things which are specified or required by this Act. Any resolution providing172 |
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| 202 | 202 | | for the issuance of revenue bonds under the provisions of this Act shall become effective173 |
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| 203 | 203 | | immediately upon its passage and need not be published or posted, and any such resolution174 |
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| 204 | 204 | | may be passed at any regular, special, or adjourned meeting of the authority.175 |
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| 205 | 205 | | SECTION 9.176 |
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| 206 | 206 | | Credit not pledged.177 |
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| 207 | 207 | | Revenue bonds of the authority shall not be deemed to constitute a debt of Greene County178 |
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| 208 | 208 | | or the State of Georgia, nor a pledge of the faith and credit of this state or such county, but179 |
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| 209 | 209 | | such revenue bonds shall be payable solely from the fund hereinafter provided for. The180 |
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| 210 | 210 | | issuance of such revenue bonds shall not directly, indirectly, or contingently obligate this181 |
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| 211 | 211 | | state or such county to levy or pledge any form of taxation whatsoever for payment of such182 |
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| 212 | 212 | | H. B. 816 |
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| 214 | 214 | | revenue bonds or to make any appropriation for their payment, and all such revenue bonds |
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| 215 | 215 | | 183 |
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| 216 | 216 | | shall contain recitals on their face covering substantially the foregoing provisions of this184 |
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| 217 | 217 | | section. Notwithstanding the foregoing provisions, this Act shall not affect the ability of the185 |
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| 218 | 218 | | authority and any political subdivision to enter into an intergovernmental contract pursuant186 |
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| 219 | 219 | | to which the political subdivision agrees to pay amounts sufficient to pay operating charges187 |
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| 220 | 220 | | and other costs of the authority or any project including, without limitation, the principal of188 |
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| 221 | 221 | | and interest on revenue bonds in consideration for services or facilities of the authority.189 |
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| 222 | 222 | | SECTION 10.190 |
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| 223 | 223 | | Trust indenture as security.191 |
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| 224 | 224 | | In the discretion of the authority, any issuance of revenue bonds may be secured by a trust192 |
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| 225 | 225 | | indenture by and between the authority and a corporate trustee, which may be any trust193 |
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| 226 | 226 | | company or bank having the powers of a trust company within or without this state. Either194 |
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| 227 | 227 | | the resolution providing for the issuance of the revenue bonds or such trust indenture may195 |
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| 228 | 228 | | contain such provisions for protecting and enforcing the rights and remedies of the196 |
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| 229 | 229 | | bondholders as may be reasonable and proper and not in violation of law, including197 |
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| 230 | 230 | | covenants setting forth the duties of the authority in relation to the acquisition and198 |
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| 231 | 231 | | construction of the project, the maintenance, operation, repair, and insuring of the project,199 |
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| 232 | 232 | | and the custody, safeguarding, and application of all money.200 |
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| 233 | 233 | | SECTION 11.201 |
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| 234 | 234 | | Trust indenture as security; remedies of bondholders.202 |
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| 235 | 235 | | Any holder of revenue bonds and the trustee under the trust indenture, if any, except to the203 |
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| 236 | 236 | | extent that the rights given herein may be restricted by resolution passed before the issuance204 |
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| 237 | 237 | | of the revenue bonds or by the trust indenture, may, either at law or in equity, by suit, action,205 |
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| 238 | 238 | | H. B. 816 |
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| 240 | 240 | | mandamus, or other proceedings, protect and enforce any and all rights it may have under |
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| 241 | 241 | | 206 |
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| 242 | 242 | | the laws of the state, including specifically, but without limitation, the Revenue Bond Law,207 |
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| 243 | 243 | | or granted hereunder or under such resolution or trust indenture and may enforce and compel208 |
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| 244 | 244 | | performance of all duties required by this Act or by such resolution or trust indenture to be209 |
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| 245 | 245 | | performed by the authority or any officer thereof, including the fixing, charging, and210 |
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| 246 | 246 | | collecting of revenues, fees, tolls, fines, and other charges for the use of the facilities and211 |
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| 247 | 247 | | services furnished.212 |
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| 248 | 248 | | SECTION 12.213 |
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| 249 | 249 | | Trust indenture as security; validation.214 |
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| 250 | 250 | | Revenue bonds and the security therefor shall be issued, confirmed, and validated in215 |
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| 251 | 251 | | accordance with the provisions of the Revenue Bond Law. The petition for validation shall216 |
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| 252 | 252 | | also make any political subdivision of the state party defendant to such action if the political217 |
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| 253 | 253 | | subdivision has contracted with the authority for services or facilities relating to the project218 |
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| 254 | 254 | | for which revenue bonds are to be issued and sought to be validated, and such defendant shall219 |
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| 255 | 255 | | be required to show cause, if any exists, as to why such contract or contracts shall not be220 |
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| 256 | 256 | | adjudicated as a part of the basis for the security for the payment of any such revenue bonds. 221 |
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| 257 | 257 | | The revenue bonds, when validated, and the judgment of validation shall be final and222 |
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| 258 | 258 | | conclusive with respect to such revenue bonds and the security for the payment thereof and223 |
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| 259 | 259 | | interest thereon and against the authority and all other defendants.224 |
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| 260 | 260 | | SECTION 13.225 |
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| 261 | 261 | | To whom proceeds of bonds shall be paid.226 |
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| 262 | 262 | | In the resolution providing for the issuance of revenue bonds or in the trust indenture, the227 |
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| 263 | 263 | | authority shall provide for the payment of the proceeds of the sale of the revenue bonds to228 |
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| 264 | 264 | | H. B. 816 |
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| 266 | 266 | | any officer or person who, or any agency, bank, or trust company which, shall act as trustee |
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| 267 | 267 | | 229 |
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| 268 | 268 | | of such funds and shall hold and apply the same to the purposes thereof, subject to such230 |
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| 269 | 269 | | regulations as this Act and such resolution or trust indenture may provide.231 |
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| 270 | 270 | | SECTION 14.232 |
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| 271 | 271 | | Venue and jurisdiction.233 |
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| 272 | 272 | | Any action to protect or enforce any rights under the provisions of this Act or any suit or234 |
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| 273 | 273 | | action against such authority shall be brought in the Superior Court of Greene County, and235 |
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| 274 | 274 | | any action pertaining to validation of any revenue bonds issued under the provisions of this236 |
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| 275 | 275 | | Act shall likewise be brought in said court which shall have exclusive, original jurisdiction237 |
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| 276 | 276 | | of such actions.238 |
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| 277 | 277 | | SECTION 15.239 |
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| 278 | 278 | | Interest of bondholders protected.240 |
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| 279 | 279 | | While any of the revenue bonds issued by the authority remain outstanding, the powers241 |
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| 280 | 280 | | duties, or existence of such authority or its officers, employees, or agents shall not be242 |
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| 281 | 281 | | diminished or impaired in any manner that will affect adversely the interests and rights of the243 |
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| 282 | 282 | | holders of such revenue bonds; and no other entity, department, agency, or authority shall244 |
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| 283 | 283 | | be created which will compete with the authority to such an extent as to affect adversely the245 |
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| 284 | 284 | | interests and rights of the holders of such revenue bonds, nor shall the state itself so compete246 |
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| 285 | 285 | | with the authority. The provisions of this Act shall be for the benefit of the authority and the247 |
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| 286 | 286 | | holders of any such revenue bonds, and upon the issuance of such revenue bonds under the248 |
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| 287 | 287 | | provisions of this Act, shall constitute a contract with the holders of such revenue bonds.249 |
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| 288 | 288 | | H. B. 816 |
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| 290 | 290 | | SECTION 16. |
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| 291 | 291 | | 250 |
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| 292 | 292 | | Money received considered trust funds.251 |
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| 293 | 293 | | All money received pursuant to the authority of this Act, whether as proceeds from the sale252 |
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| 294 | 294 | | of revenue bonds, as grants or other contributions, or as revenue, income, fees, and earnings,253 |
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| 295 | 295 | | shall be deemed to be trust funds to be held and applied solely as provided in this Act.254 |
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| 296 | 296 | | SECTION 17.255 |
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| 297 | 297 | | Purpose of the authority; reversion upon dissolution.256 |
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| 298 | 298 | | (a) The authority is created for the purpose of promoting the public good and general welfare257 |
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| 299 | 299 | | of the citizens of Greene County, and financing and providing public buildings, facilities,258 |
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| 300 | 300 | | equipment, and services within the county, for sale to, lease or sublease to, ownership, or259 |
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| 301 | 301 | | operation by the county as otherwise authorized by law.260 |
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| 302 | 302 | | (b) Upon the dissolution of the authority, all assets owned by the authority shall become the261 |
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| 303 | 303 | | property of the county.262 |
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| 304 | 304 | | SECTION 18.263 |
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| 305 | 305 | | Rates, charges, and revenues; use.264 |
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| 306 | 306 | | The authority is hereby authorized to prescribe and fix rates and to revise the same from time265 |
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| 307 | 307 | | to time and to collect revenues, tolls, fees, and charges for the services, facilities, and266 |
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| 308 | 308 | | commodities furnished and, in anticipation of the collection of the revenues, to issue revenue267 |
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| 309 | 309 | | bonds or other types of obligations as provided in this Act to finance, in whole or in part, the268 |
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| 310 | 310 | | costs of the project and to pledge to the punctual payment of said revenue bonds or other269 |
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| 311 | 311 | | obligations all or any part of the revenues.270 |
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| 312 | 312 | | H. B. 816 |
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| 314 | 314 | | SECTION 19. |
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| 315 | 315 | | 271 |
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| 316 | 316 | | Rules, regulations, service policies, and procedures for operation of projects.272 |
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| 317 | 317 | | It shall be the duty of the authority to prescribe rules, regulations, service policies, and273 |
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| 318 | 318 | | procedures for the operation of any project or projects constructed or acquired under the274 |
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| 319 | 319 | | provisions of this Act. The authority may adopt bylaws.275 |
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| 320 | 320 | | SECTION 20.276 |
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| 321 | 321 | | Tort immunity.277 |
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| 322 | 322 | | To the extent permitted by law, the authority shall have the same immunity and exemption278 |
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| 323 | 323 | | from liability for torts and negligence as Greene County; and the officers, agents, and279 |
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| 324 | 324 | | employees of the authority when in the performance of the work of the authority shall have280 |
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| 325 | 325 | | the same immunity and exemption from liability for torts and negligence as the officers,281 |
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| 326 | 326 | | agents, and employees of Greene County when in the performance of their public duties or282 |
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| 327 | 327 | | work of the county.283 |
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| 328 | 328 | | SECTION 21.284 |
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| 329 | 329 | | Tax exemption.285 |
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| 330 | 330 | | The income of the authority, the properties of the authority, both real and personal, and all286 |
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| 331 | 331 | | revenue bonds, certificates of participation, notes, and other forms of obligations issued by287 |
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| 332 | 332 | | the authority shall be exempt from all state and local taxes and special assessments of any288 |
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| 333 | 333 | | kind to the extent permitted by and in accordance with the general laws of the state.289 |
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| 334 | 334 | | H. B. 816 |
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| 336 | 336 | | SECTION 22. |
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| 337 | 337 | | 290 |
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| 338 | 338 | | Effect on other governments.291 |
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| 339 | 339 | | This Act shall not and does not in any way take from Greene County or any county or292 |
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| 340 | 340 | | municipal corporation the authority to own, operate, and maintain public facilities or to issue293 |
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| 341 | 341 | | revenue bonds as provided by the Revenue Bond Law.294 |
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| 342 | 342 | | SECTION 23.295 |
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| 343 | 343 | | Liberal construction of Act.296 |
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| 344 | 344 | | This Act, being for the welfare of various political subdivisions of this state and its297 |
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| 345 | 345 | | inhabitants, shall be liberally construed to effect the purposes hereof.298 |
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| 346 | 346 | | SECTION 24.299 |
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| 347 | 347 | | Severability; effect of partial invalidity of Act.300 |
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| 348 | 348 | | The provisions of this Act are severable, and if any of its provisions shall be held301 |
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| 349 | 349 | | unconstitutional by any court of competent jurisdiction, the decision of such court shall not302 |
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| 350 | 350 | | affect or impair any of the remaining provisions.303 |
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| 351 | 351 | | SECTION 25.304 |
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| 352 | 352 | | Effective date.305 |
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| 353 | 353 | | This Act shall become effective upon its approval by the Governor or upon its becoming law306 |
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| 354 | 354 | | without such approval.307 |
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| 355 | 355 | | H. B. 816 |
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