HB786: Dodge County Building and Public Facilities Authority; create

Legislative Summary

A BILL to be entitled an Act to create the Dodge County Building and Public Facilities Authority; to provide that such authority is a body corporate and politic and an instrumentality of the State of Georgia; to authorize the adoption of resolutions and the execution of trust indentures to secure the payment of such bonds and to define the rights of the holders of such bonds; to provide for a sinking fund; to provide that the property of the authority shall not be subject to levy and sale; to provide that certain moneys are trust funds; to provide that this Act shall be liberally construed; to define the scope of the authority's operation; to provide for disposition of property upon authority dissolution; to provide for severability; to repeal conflicting laws; and for other purposes.