Bill Text: GA HB1199 | 2011-2012 | Regular Session | Introduced
Bill Title: Georgia Regional Transportation Authority; amend provisions; establish Transit Governance Council
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: (Introduced - Dead) 2012-03-05 - House Second Readers [HB1199 Detail]
Download: Georgia-2011-HB1199-Introduced.html
12 LC
39 0175
House
Bill 1199
By:
Representatives Sheldon of the
105th,
Carter of the
175th,
Lindsey of the
54th,
Jacobs of the
80th,
Mitchell of the
88th,
and others
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Title 50 of the Official Code of Georgia Annotated, relating to state
government, so as to amend provisions relating to the Georgia Regional
Transportation Authority; to reconstitute the board of directors; to provide for
the governance of transit; to establish a Transit Governance Council and provide
for membership; to provide for jurisdiction; to provide for a deadline to
establish goals and missions for transit operators; to establish performance
measurements and standards for transit operators; to provide for a transit
governance director; to remove transit governance from duties of the executive
director; to provide for required terms of any contractual agreement between the
authority and the Metropolitan Atlanta Rapid Transit Authority; to provide for
the transfer of public transit services operations through contractual agreement
by December 31, 2014; to provide for related matters; to provide effective
dates; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Title
50 of the Official Code of Georgia Annotated, relating to state government, is
amended by revising Chapter 32, relating to the Georgia Regional Transportation
Authority, as follows:
"ARTICLE
1
50-32-1.
This
chapter shall be known and may be cited as the 'Georgia Regional Transportation
Authority Act.'
50-32-2.
As
used in this chapter, the term:
(1)
'Authority' means the Georgia Regional Transportation Authority.
(2)
'Bond' includes any revenue bond, bond, note, or other obligation.
(3)
'Clean Air Act' means the federal Clean Air Act, as amended in 1990 and codified
at 42 U.S.C.A. Sections 7401
to
through
7671q.
(4)
'Cost of project' or 'cost of any project' means:
(A)
All costs of acquisition, by purchase or otherwise, construction, assembly,
installation, modification, renovation, extension, rehabilitation, operation, or
maintenance incurred in connection with any project, facility, or undertaking of
the authority or any part thereof;
(B)
All costs of real property or rights in property, fixtures, or personal property
used in or in connection with or necessary for any project, facility, or
undertaking of the authority or for any facilities related thereto, including
but not limited to the cost of all land, interests in land, estates for years,
easements, rights, improvements, water rights, and connections for utility
services; the cost of fees, franchises, permits, approvals, licenses, and
certificates; the cost of securing any such franchises, permits, approvals,
licenses, or certificates; the cost of preparation of any application therefor;
and the cost of all fixtures, machinery, equipment, furniture, and other
property used in or in connection with or necessary for any project, facility,
or undertaking of the authority;
(C)
All financing charges, bond insurance or other credit enhancement fee, and loan
or loan guarantee fees and all interest on revenue bonds, notes, or other
obligations of the authority which accrue or are paid prior to and during the
period of construction of a project, facility, or undertaking of the authority
and during such additional period as the authority may reasonably determine to
be necessary to place such project, facility, or undertaking of the authority in
operation;
(D)
All costs of engineering, surveying, planning, environmental assessments,
financial analyses, and architectural, legal, and accounting services and all
expenses incurred by engineers, surveyors, planners, environmental scientists,
fiscal analysts, architects, attorneys, accountants, and any other necessary
technical personnel in connection with any project, facility, or undertaking of
the authority or the issuance of any bonds, notes, or other obligations for such
project, facility, or undertaking;
(E)
All expenses for inspection of any project, facility, or undertaking of the
authority;
(F)
All fees of fiscal agents, paying agents, and trustees for bond owners under any
bond resolution, trust agreement, indenture of trust, or similar instrument or
agreement; all expenses incurred by any such fiscal agents, paying agents, bond
registrar, and trustees; and all other costs and expenses incurred relative to
the issuance of any bonds, revenue bonds, notes, or other obligations for any
project, facility, or undertaking of the authority, including bond insurance or
credit enhancement fee;
(G)
All fees of any type charged by the authority in connection with any project,
facility, or undertaking of the authority;
(H)
All expenses of or incidental to determining the feasibility or practicability
of any project, facility, or undertaking of the authority;
(I)
All costs of plans and specifications for any project, facility, or undertaking
of the authority;
(J)
All costs of title insurance and examinations of title
with
respect to
for
any project, facility, or undertaking of the authority;
(K)
Repayment of any loans for the advance payment of any part of any of the
foregoing costs, including interest thereon and any other expenses of such
loans;
(L)
Administrative expenses of the authority and such other expenses as may be
necessary or incidental to any project, facility, or undertaking of the
authority or the financing thereof or the placing of any project, facility, or
undertaking of the authority in operation; and
(M)
The establishment of a fund or funds for the creation of a debt service reserve,
a renewal and replacement reserve, or such other funds or reserves as the
authority may approve
with
respect to
for
the financing and operation of any project, facility, or undertaking of the
authority and as may be authorized by any bond resolution, trust agreement,
indenture, or trust or similar instrument or agreement pursuant to the
provisions of which the issuance of any revenue bonds, notes, or other
obligations of the authority may be authorized.
Any
cost, obligation, or expense incurred for any of the purposes specified in this
paragraph shall be a part of the cost of the project, facility, or undertaking
of the authority and may be paid or reimbursed as such out of the proceeds of
revenue bonds, notes, or other obligations issued by the authority or as
otherwise authorized by this chapter.
(5)
'County' means any county created under the Constitution or laws of this
state.
(6)
'Facility' shall have the same meaning as 'project.'
(7)
'Local government' or 'local governing authority' means any municipal
corporation or county or any state or local authority, board, or political
subdivision created by the General Assembly or pursuant to the Constitution and
laws of this state.
(8)
'May' means permission and not command.
(9)
'Metropolitan planning organization' means the forum for cooperative
transportation decision making for a metropolitan planning area.
(10)
'Metropolitan transportation plan' means the official intermodal transportation
plan that is developed and adopted through the metropolitan transportation
planning process for a metropolitan planning area.
(11)
'Municipal corporation' or 'municipality' means any city or town in this
state.
(12)
'Obligation' means any bond, revenue bond, note, lease, contract, evidence of
indebtedness, debt, or other obligation of the authority, the state, or local
governments which is authorized to be issued under this chapter or under the
Constitution or other laws of this state, including refunding
bonds.
(13)
'Office of profit or trust under the state' means any office created by or under
the provisions of the Constitution, but does not include elected officials of
county or local governments.
(14)
'Project' means the acquisition, construction, installation, modification,
renovation, repair, extension, renewal, replacement, or rehabilitation of land,
interest in land, buildings, structures, facilities, or other improvements and
the acquisition, installation, modification, renovation, repair, extension,
renewal, replacement, rehabilitation, or furnishing of fixtures, machinery,
equipment, furniture, or other property of any nature whatsoever used on, in, or
in connection with any such land, interest in land, building, structure,
facility, or other improvement, all for the essential public purpose of
providing facilities and services to meet land public transportation needs and
environmental standards and to aid in the accomplishment of the purposes of the
authority.
(15)
'Revenue bond' includes any bond, note, or other obligation payable from
revenues derived from any project, facility, or undertaking of the
authority.
(16)
'State implementation plan' means the portion or portions of an applicable
implementation plan approved or promulgated, or the most recent revision
thereof, under Sections 110, 301(d), and 175A of the Clean Air Act.
(17)
'State-wide transportation improvement program' means a staged, multiyear,
state-wide, intermodal program defined in 23 C.F.R. Section 450.104 which
contains transportation projects consistent with the state-wide transportation
plan and planning processes and metropolitan plans, transportation improvement
programs, and processes.
(18)
'State-wide transportation plan' means the official state-wide, intermodal
transportation plan as defined in 23 C.F.R. Section 450.104 that is developed
through the state-wide transportation planning process.
(19)
'Transportation improvement program' means a staged, multiyear, intermodal
program as defined in 23 C.F.R. Section 450.104 and consisting of transportation
projects which is consistent with the metropolitan transportation
plan.
(20)
'Undertaking' shall have the same meaning as 'project.'
50-32-3.
(a)
There is created the Georgia Regional Transportation Authority as a body
corporate and politic, which shall be deemed an instrumentality of the State of
Georgia and a public corporation thereof, for purposes of managing or causing to
be managed land transportation and air quality within certain areas of this
state; and by that name, style, and title such body may contract and be
contracted with and bring and defend actions in all courts of this
state.
(b)
The management of the business and affairs of the authority shall be vested in a
board of directors, subject to the provisions of this chapter and to the
provisions of bylaws adopted by the board as authorized by this chapter. The
board of directors shall make bylaws governing its own operation and shall have
the power to make bylaws, rules, and regulations for the government of the
authority and the operation, management, and maintenance of such projects as the
board may determine appropriate to undertake from time to time.
(c)
Except as otherwise provided in this chapter, a majority of the members of the
board then in office shall constitute a quorum for the transaction of business.
The vote of a majority of the members of the board present at the time of the
vote, if a quorum is present at such time, shall be the act of the board unless
the vote of a greater number is required by law or by the bylaws of the board of
directors. The board of directors, by resolution adopted by a majority of the
full board of directors, shall designate from among its members an executive
committee and one or more other committees, each consisting of two or more
members of the board, which shall have and exercise such authority as the board
may delegate to it under such procedures as the board may direct by resolution
establishing such committee or committees.
(d)
No vacancy on the authority shall impair the right of a majority of the
appointed members from exercising all rights and performing all duties of the
authority. The authority shall have perpetual existence. Any change in the
name or composition of the authority shall in no way affect the vested rights of
any person under this chapter or impair the obligations of any contracts
existing under this chapter.
(e)
The authority shall be assigned to the Department of Community Affairs for
administrative purposes pursuant to Code Section 50-4-3.
50-32-4.
(a)
The initial
board of directors of the authority shall consist of 15 members. All members of
the board and their successors shall be appointed for terms of five years each,
except that the initial terms for eight members of the board appointed in 1999
shall be three years each; and the particular beginning and ending dates of such
terms shall be specified by the Governor. All members of the board shall be
appointed by the Governor of the State of Georgia and shall serve until the
appointment and qualification of a successor, the provisions of subsection (b)
of Code Section 45-12-52 to the contrary notwithstanding; except as otherwise
provided in this Code section.
On and after
July 1, 2012, the board of directors shall consist of 15 members: nine members
appointed by the Governor, three members appointed by the Lieutenant Governor,
and three members appointed by the Speaker of the House of Representatives. All
members of the board shall serve for terms of five years and until the
appointment and qualification of their successors
and
Said
members shall be appointed so as to
reasonably reflect the characteristics of the general public within the
jurisdiction or potential jurisdiction of the authority, subject to the
provisions of subsection
(d)
(e)
of this Code section. No person holding any other office of profit or trust
under the state shall be appointed to membership. The
chair
chairperson
of the board of directors shall be appointed and designated by the
Governor.
(b)
Those board members in office on the date this subsection becomes effective
shall serve until the appointment and qualification of their successors as
provided by subsection (a) of this Code section.
(b)(c)
All successors shall be appointed in the same manner as original appointments.
Vacancies in office shall be filled in the same manner as original appointments.
A person appointed to fill a vacancy shall serve for the unexpired term. No
vacancy on the board shall impair the right of the quorum of the remaining
members then in office to exercise all rights and perform all duties of the
board.
(c)(d)
The members of the board of directors shall be entitled to and shall be
reimbursed for their actual travel expenses necessarily incurred in the
performance of their duties and, for each day actually spent in the performance
of their duties, shall receive the same per diem as do members of the General
Assembly.
(d)(e)
Members of the board of directors may be removed by executive order of the
Governor for misfeasance, malfeasance, nonfeasance, failure to attend three
successive meetings of the board without good and sufficient cause, abstention
from voting unless authorized under subsection
(g)(h)
of this Code section, or upon a finding of a violation of Code Section 45-10-3
pursuant to the procedures applicable to that Code section. A violation of Code
Section 45-10-3 may also subject a member to the penalties provided in
subparagraphs (a)(1)(A), (a)(1)(B), and (a)(1)(C) of Code Section 45-10-28,
pursuant to subsection (b) of Code Section 45-10-28. In the event that a
vacancy or vacancies on the board render the board able to obtain a quorum but
unable to obtain the attendance of a number of members sufficient to constitute
such supermajorities as may be required by this chapter, the board shall
entertain no motion or measure requiring such a supermajority until a number of
members sufficient to constitute such supermajority is present, and the
Governor
appointing
authorities shall be immediately notified
of the absence of members.
(e)(f)
The members of the authority shall be subject to the applicable provisions of
Chapter 10 of Title 45, including without limitation Code Sections 45-10-3
through 45-10-5. Members of the authority shall be public officers who are
members of a state board for purposes of the financial disclosure requirements
of Article 3 of Chapter 5 of Title 21. The members of the authority shall be
accountable in all respects as trustees. The authority shall keep suitable
books and records of all actions and transactions and shall submit such books
together with a statement of the authority's financial position to the state
auditor on or about the close of the state's fiscal year. The books and records
shall be inspected and audited by the state auditor at least once in each
year.
(f)(g)
Meetings of the board of directors, regular or special, shall be held at the
time and place fixed by or under the bylaws, with no less than five days' public
notice for regular meetings as prescribed in the
bylaws,
and such notice as the bylaws may prescribe for special meetings. Each member
shall be given written notice of all meetings as prescribed in the bylaws.
Meetings of the board may be called by the chairperson or by such other person
or persons as the bylaws may authorize. Notice of any regular or special
meeting shall be given to the
Governor
appointing
authorities at least five days prior to
such meeting, unless the
Governor
waives
appointing
authorities waive such notice requirement,
and no business may be transacted at any meeting of the board unless and until
the Governor has acknowledged receipt of or waived such notice.
(g)(h)
All meetings of the board of directors shall be subject to the provisions of
Chapter 14 of this title. A written record of each vote taken by the board,
specifying the yea or nay vote or absence of each member as to each measure,
shall be transmitted promptly to the
Governor
appointing
authorities upon the adjournment of each
meeting. No member may abstain from a vote other than for reasons constituting
disqualification to the satisfaction of a majority of a quorum of the board on a
record vote.
(h)
The authority is assigned to the Department of Community Affairs for
administrative purposes only.
50-32-5.
(a)
The State of Georgia, particularly the metropolitan Atlanta region, faces a
number of critical issues relating to its transportation system and
ever-increasing traffic congestion. In light of the dwindling resources
available to help solve the problems, it is imperative that all available
resources be used to maximum efficiency in order to alleviate the gridlock in
and around the metropolitan Atlanta region. There exists a need for a thorough
examination of our current transportation system and the methodical development
of legislative proposals for a regional transit governing authority in
Georgia.
(b)
In order to find practical, workable solutions to these problems, there is
created the Transit Governance Study Commission to be composed of: four Senators
from the Atlanta Regional Commission area to be appointed by the Lieutenant
Governor, four Representatives from the Atlanta Regional Commission area to be
appointed by the Speaker of the House of Representatives, the chairperson of the
Metropolitan Atlanta Rapid Transit Oversight Committee, the chairperson of the
Atlanta Regional Commission, the chairperson of the Regional Transit Committee
of the Atlanta Regional Commission, one staff member from the Atlanta Regional
Commission to be selected by the chairperson of the Atlanta Regional Commission,
the executive director of the Georgia Regional Transportation Authority, the
general manager of the Metropolitan Atlanta Rapid Transit Authority, and the
directors of any other county transit systems operating in the Atlanta Regional
Commission area.
(c)
The commission shall elect, by a majority vote, one of its legislative members
to serve as chairperson of the commission and such other officers as the
commission deems appropriate. The commission shall meet at least quarterly at
the call of the chairperson. The commission may conduct such meetings and
hearings at such places and at such times as it may deem necessary or convenient
to enable it to exercise fully and effectively its powers, perform its duties,
and accomplish its objectives and purposes as contained in this Code
section.
(d)
All officers and agencies of the three branches of state government are directed
to provide all appropriate information and assistance as requested by the
commission.
(e)
The commission shall undertake a study of the issues described in this Code
section and recommend specific legislation which the commission deems necessary
or appropriate. Specifically, the commission shall prepare a preliminary report
on the feasibility of combining all of the regional public transportation
entities into an integrated regional transit body. This preliminary report
shall be completed on or before December 31, 2010, and be delivered to the
Governor, the Lieutenant Governor, and the Speaker of the House of
Representatives. The commission shall make a final report of its findings and
recommendations, with specific language for proposed legislation, if any, on or
before August 1, 2011, to the Governor, the Lieutenant Governor, and the Speaker
of the House of Representatives. The commission shall stand abolished on August
1, 2011, unless extended by subsequent Act of the General Assembly.
(f)
The Atlanta Regional Commission in conjunction with the Georgia Regional
Transportation Authority and the department's director of planning shall utilize
federal and state planning funds to continue the development of the Atlanta
region's Concept 3 transit proposal, including assessment of potential economic
benefit to the region and the state, prioritization of corridors based on
highest potential economic benefit and lowest environmental impact, and
completion of environmental permitting. Any new transit management
instrumentality created as a result of the Transit Governance Study Commission
created pursuant to this Code section shall participate in the Concept 3
development activities that remain incomplete at the time of the creation of the
new regional transit body.
(a)
For purposes of this Code section, the term 'jurisdiction of the authority'
means the aggregate geographic area of the jurisdiction of the authority under
this chapter.
(b)
A Transit Governance Council of the authority is established. The council shall
establish bylaws governing its operation.
(c)
The council shall include representatives from the jurisdiction of the
authority, as follows:
(1)
The chairperson of the board of commissioners of each county within the
jurisdiction of the authority, each of whom shall serve until the conclusion of
his or her elected service;
(2)
From each county within the jurisdiction of the authority, one mayor of a
municipality within that county chosen by a caucus of the mayors of each
municipality of that county. Each person so chosen shall serve a term of five
years so long as he or she is serving as mayor and may be reappointed to succeed
himself or herself while still in office;
(3)
The mayor of the most populous city within the jurisdiction of the authority,
who shall serve until the conclusion of his or her elected service;
(4)
Three members of the board of directors of the authority appointed by the
Governor, one member of the board appointed by the Lieutenant Governor, and one
member of the board appointed by the Speaker of the House of Representatives,
who shall serve a term of five years so long as he or she holds a seat on the
board and may be reappointed to succeed himself or herself while still in
office;
(5)
Two county commissioners who are not chairpersons of a county board of
commissioners, to be nominated by the Governor, who shall serve upon approval of
a majority of the county commissioner chairpersons on the council. Such
councilmembers shall serve a term of five years so long as he or she is serving
as county commissioner and may be reappointed to succeed himself or herself
while still in office; and
(6)
One municipal elected official, to be nominated by the Governor, who shall serve
upon approval of a majority of the mayors on the council. Such councilmember
shall serve a term of five years so long as he or she is serving as a municipal
elected official and may be reappointed to succeed himself or herself while
still in office.
(d)
A majority of the members of the council then in office shall constitute a
quorum. The vote of a majority of the members of the council present at the
time of the vote, if a quorum is present at such time, shall be the act of the
council; provided, however, that the board may overturn such act at the next
scheduled meeting of the board if two-thirds of the members of the board vote
against such decision. The council shall notify the board of all council action
within seven days of a vote. Upon such notice, the chairperson of the board
shall have 30 days to notify the council of the board's intent to meet for the
purpose of voting to overturn the action of the council. If no such notice from
the chairperson is given to the council, the action of the council shall be
deemed final. If the chairperson notifies the council that a vote will be
conducted on the decision to overturn the action of the council, such meeting
and vote by the board shall be held within 45 days of such notice. The council
shall not conduct business in such a manner that restricts the ability of the
authority to exercise its responsibilities.
(e)
The council shall have the following powers related to the oversight of public
transit operators eligible to receive federal funds and that operate one or more
transit routes that cross a county boundary with an origin or a destination in
the jurisdiction of the authority or other counties that choose to
participate:
(1)
To establish a vision, mission, and goals for public transit within the
jurisdiction of the authority and to define objectives, performance metrics, and
performance targets to execute such vision and mission and meet such goals. The
vision, mission, and goals shall be finalized and made available to the public
by July 1, 2013, and objectives, performance metrics, and performance targets
shall be updated annually thereafter;
(2)
To develop a long-term capital investment strategy for public transit within the
jurisdiction of the authority, including a prioritization of investments based
on achieving the goals, objectives, and performance targets as established by
the council;
(3)
To authorize, coordinate, and otherwise assist in planning for projects
utilizing federal or state funds within the jurisdiction of the authority
between and among all federal, state, and local governments and authorities
charged with planning responsibilities for such purposes by state or federal
law, and to adopt a public transit plan or plans for the area within the
jurisdiction of the authority based in whole or in part on such
planning;
(4)
To develop a strategic plan for all public transit that emphasizes creating
efficiency and coordination among public transit services that are provided
within the jurisdiction of the authority. The strategic plan shall be finalized
and made available to the public by July 1, 2013, and updated annually
thereafter;
(5)
To compile and analyze data and information reporting on performance metrics
from public transit operators within the jurisdiction of the authority or an
intergovernmental contract;
(6)
To establish performance targets and create a performance report of public
transit operators within the jurisdiction of the authority or per the terms of
an intergovernmental contract against those targets. Such report shall provide
analysis and recommendations regarding public transit operators' efficiency and
cost effectiveness, coordination of operations, customer service, technology
solutions, privatization opportunities, safety and security, and return on
investment. Such report shall be submitted to the Governor, the House Committee
on Transportation, the Senate Transportation Committee, the Metropolitan Atlanta
Rapid Transit Overview Committee, and the board of directors no later than July
1, 2014, and annually thereafter; and
(7)
To establish guidelines and investment policies regarding the use of federal
funds by public transit operators within the jurisdiction of the authority,
which shall include the consideration of public transit operators' prior
performance on metrics and targets and may condition the distribution of federal
funds on the basis of operators' approval and implementation of improvement
plans.
50-32-6.
A
transit governance director of the authority shall be nominated by the Governor
and shall serve upon the approval of a majority of the board of directors of the
authority and a majority of the Transit Governance Council. The transit
governance director shall serve at the pleasure of the board of directors and
the Transit Governance Council, each voting separately. The transit governance
director shall be the administrative head of the Transit Governance Council and
shall perform all duties as may be prescribed to effectuate the execution of the
powers granted to the council in Code Section 50-32-5. The transit governance
director may hire officers, agents, and employees and prescribe their duties and
qualifications and fix their compensation. Such officers, agents, and employees
shall serve at the pleasure of the transit governance director.
ARTICLE
2
50-32-10.
(a)(1)
This chapter shall operate uniformly throughout the state.
(2)(A)
The initial jurisdiction of the authority for purposes of this chapter shall
encompass the territory of every county which was designated by the United
States Environmental Protection Agency (USEPA) in the
Code of Federal
Regulations as of December 31, 1998, as a
county included in whole or in part within a nonattainment area under the Clean
Air Act and which the board designates, through regulation, as a county having
excess levels of ozone, carbon monoxide, or particulate matter.
(B)
The jurisdiction of the authority for purposes of this chapter shall also
encompass the territory of every county designated by the USEPA in the
Code of Federal
Regulations after December 31, 1998, as a
county included in whole or in part within a nonattainment area under the Clean
Air Act and which the board designates, through regulation, as a county having
excess levels of ozone, carbon monoxide, or particulate matter, provided that
the jurisdictional area encompassed under this subparagraph shall be contiguous
with the jurisdictional area encompassed under subparagraph (A) of this
paragraph.
(b)(1)
Within three months of May 6, 1999, the director of the Environmental Protection
Division shall report and certify to the authority and the Governor, pursuant to
criteria established by that division, counties which are reasonably expected to
become nonattainment areas under the Clean Air Act within seven years from the
date of such report and certification, and shall update such report and
certification every six months thereafter. Within the geographic territory of
any county so designated, the board shall provide, by resolution or regulation,
that the funding, planning, design, construction, contracting, leasing, and
other related facilities of the authority shall be made available to county and
local governments for the purpose of planning, designing, constructing,
operating, and maintaining land public transportation systems and other land
transportation projects, air quality installations, and all facilities necessary
and beneficial thereto, and for the purpose of designing and implementing
designated metropolitan planning organizations' land transportation plans and
transportation improvement programs, on such terms and conditions as may be
agreed to between the authority and such county or local
governments.
(2)
By resolution of the county governing authority, the special district created by
this chapter encompassing the territory of any county reported and certified
pursuant to paragraph (1) of this subsection may be activated for the purposes
of this chapter, or such county may be brought within the jurisdiction of the
authority by resolution of the governing authority.
(3)
The jurisdiction of the authority for purposes of this chapter shall be extended
to the territory of any county the territory of which is not contiguous with the
jurisdiction established by subsection (a) of this Code section which is
designated by the USEPA in the
Code of Federal
Regulations as a county included in whole
or in part within a nonattainment area under the Clean Air Act and which the
board designates, through regulation, as a county having excess levels of ozone,
carbon monoxide, or particulate matter. Upon any such county or self-contiguous
group of counties coming within the jurisdiction of the authority, a single
member who shall reside within such additional territory shall be added to the
board, together with an additional member, who may reside inside or outside such
additional territory, for each 200,000 persons above the number of 200,000
persons forming the population of such additional territory according to the
1990 United States decennial census or any future such census.
(c)
Upon acquiring jurisdiction over the territory of any county, the authority's
jurisdiction over such territory shall continue until 20 years have elapsed
since the later of the date such county was redesignated by the USEPA as in
attainment under the Clean Air Act or such designation by the USEPA is no longer
made.
(d)(1)
Upon the lapse of the authority's jurisdiction over a geographic area pursuant
to the provisions of this Code section, the authority shall have the power to
enter into such contracts, lease agreements, and other instruments necessary or
convenient to manage and dispose of real property and facilities owned or
operated by the authority within such geographic area, and shall dispose of all
such property not more than five years after the lapse of such jurisdiction, but
shall retain jurisdiction for the purpose of operating and managing such
property and facilities until their final disposition.
(2)
The provisions of this subsection shall be implemented consistent with the terms
of such contracts, lease agreements, or other instruments or agreements as may
be necessary or required to protect federal interests in assets purchased,
leased, or constructed utilizing federal funding in whole or in part, and the
authority is empowered to enter into such contracts, lease agreements, or other
instruments or agreements with appropriate federal agencies or other
representatives or instrumentalities of the federal government from time to time
as necessary to achieve the purposes of this chapter and the protection of
federal interests.
(e)
Except for the purpose of reviewing proposed regional transportation plans and
transportation improvement programs prepared by metropolitan planning
organizations in accordance with requirements specifically placed upon the
Governor by federal law, the jurisdiction of the authority shall not extend to
the territory and facilities of any airport as defined in Code Section 6-3-20.1
and which is certified under 14 C.F.R. Part 139. In no event shall the authority
have jurisdiction to design, construct, repair, improve, expand, own, maintain,
or operate any such airport or any facilities of such airport.
50-32-11.
(a)
The authority shall have the following general powers:
(1)
To sue and be sued in all courts of this state, the original jurisdiction and
venue of any such action being the superior court of any county wherein a
substantial part of the business was transacted, the tortious act, omission, or
injury occurred, or the real property is located, except that venue and
jurisdiction for bond validation proceedings shall be as provided by paragraph
(9) of subsection (e) of Code Section 50-32-31;
(2)
To have a seal and alter the same at its pleasure;
(3)
To plan, design, acquire, construct, add to, extend, improve, equip, operate,
and maintain or cause to be operated and maintained land public transportation
systems and other land transportation projects, and all facilities and
appurtenances necessary or beneficial thereto, within the geographic area over
which the authority has jurisdiction or which are included within an approved
transportation plan or transportation improvement program and provide land
public transportation services within the geographic jurisdiction of the
authority, and to contract with any state, regional, or local government,
authority, or department, or with any private person, firm, or corporation, for
those purposes, and to enter into contracts and agreements with the Georgia
Department of Transportation, county and local governments, and transit system
operators for those purposes;
(4)
To plan, design, acquire, construct, add to, extend, improve, equip, operate,
and maintain or cause to be operated and maintained air quality control
installations, and all facilities and appurtenances necessary or beneficial
thereto, within the geographic area over which the authority has jurisdiction
for such purposes pursuant to this chapter, and to contract with any state,
regional, or local government, authority, or department, or with any private
person, firm, or corporation, for those purposes; provided, however, that where
such air quality control measures are included in an applicable implementation
plan, they shall be approved by the Environmental Protection Division of the
state
Department of Natural Resources and by the United States Environmental
Protection Agency where necessary to preserve their protected status during any
conformity lapse;
(5)
To make and execute
all
contracts, lease agreements, and all other instruments necessary or convenient
to exercise the powers of the authority or to further the public purpose for
which the authority is created, such contracts, leases, or instruments to
include contracts for acquisition, construction, operation, management, or
maintenance of projects and facilities owned by local government, the authority,
or by the state or any political subdivision, department, agency, or authority
thereof, and to include contracts relating to the execution of the powers of the
authority and the disposal of the property of the authority from time to time;
and any and all local governments, departments, institutions, authorities, or
agencies of the state are authorized to enter into contracts, leases,
agreements, or other instruments with the authority upon such terms and to
transfer real and personal property to the authority for such consideration and
for such purposes as they deem
advisable.
(6)
To acquire by purchase, lease, or otherwise and to hold, lease, and dispose of
real or personal property of every kind and character, or any interest therein,
in furtherance of the public purpose of the authority, in compliance, where
required, with applicable federal law including without limitation the Uniform
Relocation Assistance and Real Property Acquisition Policies Act of 1970, as
amended, 42 U.S.C. Section 4601, et seq., 23 C.F.R. Section 1.23, and 23 C.F.R.
Section 713(c);
(7)
To appoint an executive director who shall be executive officer and
administrative head of the authority
for all
matters except the administration of the powers of the council as provided for
in Code Section 50-32-5, which shall be under the direction of the transit
governance director as provided for in Code Section
50-32-6. The executive director shall be
appointed and serve at the pleasure of the
authority
Governor.
The executive director shall hire officers, agents, and employees, prescribe
their duties and qualifications and fix their compensation, and perform such
other duties as may be prescribed by the authority. Such officers, agents, and
employees shall serve at the pleasure of the executive director;
(8)
To finance projects, facilities, and undertakings of the authority for the
furtherance of the purposes of the authority within the geographic area over
which the authority has jurisdiction by loan, loan guarantee, grant, lease, or
otherwise, and to pay the cost of such from the proceeds of bonds, revenue
bonds, notes, or other obligations of the authority or any other funds of the
authority or from any contributions or loans by persons, corporations,
partnerships, whether limited or general, or other entities, all of which the
authority is authorized to receive, accept, and use;
(9)
To extend credit or make loans or grants for all or part of the cost or expense
of any project, facility, or undertaking of a political subdivision or other
entity for the furtherance of the purposes of the authority within the
geographic area over which the authority has jurisdiction upon such terms and
conditions as the authority may deem necessary or desirable; and to adopt rules,
regulations, and procedures for making such loans and grants;
(10)
To borrow money to further or carry out its public purpose and to issue
guaranteed revenue bonds, revenue bonds, notes, or other obligations to evidence
such loans and to execute leases, trust indentures, trust agreements for the
sale of its revenue bonds, notes, or other obligations, loan agreements,
mortgages, deeds to secure debt, trust deeds, security agreements, assignments,
and such other agreements or instruments as may be necessary or desirable in the
judgment of the authority, and to evidence and to provide security for such
loans;
(11)
To issue guaranteed revenue bonds, revenue bonds, bonds, notes, or other
obligations of the authority, to receive payments from the Department of
Community Affairs, and to use the proceeds thereof for the purpose
of:
(A)
Paying or loaning the proceeds thereof to
pay,
all or any part
of,
the cost of any project or the principal of and premium, if any, and interest on
the revenue bonds, bonds, notes, or other obligations of any local government
issued for the purpose of paying in whole or in part the cost of any project and
having a final maturity not exceeding three years from the date of original
issuance thereof;
(B)
Paying all costs of the authority incidental to, or necessary and appropriate
to, furthering or carrying out the purposes of the authority; and
(C)
Paying all costs of the authority incurred in connection with the issuance of
the guaranteed revenue bonds, revenue bonds, bonds, notes, or other
obligations;
(12)
To collect fees and charges in connection with its loans, commitments,
management services, and servicing including, but not limited to, reimbursements
of costs of financing, as the authority shall determine to be reasonable and as
shall be approved by the authority;
(13)
Subject to any agreement with bond owners, to invest moneys of the authority not
required for immediate use to carry out the purposes of this chapter, including
the proceeds from the sale of any bonds and any moneys held in reserve funds, in
obligations which shall be limited to the following:
(A)
Bonds or other obligations of the state or bonds or other obligations, the
principal and interest of which are guaranteed by the state;
(B)
Bonds or other obligations of the United States or of subsidiary corporations of
the United States government fully guaranteed by such government;
(C)
Obligations of agencies of the United States government issued by the Federal
Land Bank, the Federal Home Loan Bank, the Federal Intermediate Credit Bank, and
the Bank for Cooperatives;
(D)
Bonds or other obligations issued by any public housing agency or municipality
in the United
States,
which bonds
or obligations are fully secured as to the
payment of both principal and interest by a pledge of annual contributions under
an annual contributions contract or contracts with the United States government,
or project notes issued by any public housing agency, urban renewal agency, or
municipality in the United States and fully secured as to payment of both
principal and interest by a requisition, loan, or payment agreement with the
United States government;
(E)
Certificates of deposit of national or state banks or federal savings and loan
associations located within the state which have deposits insured by the Federal
Deposit Insurance Corporation or any Georgia deposit insurance corporation and
certificates of deposit of state building and loan associations located within
the state which have deposits insured by any Georgia deposit insurance
corporation, including the certificates of deposit of any bank, savings and loan
association, or building and loan association acting as depository, custodian,
or trustee for any such bond proceeds; provided, however, that the portion of
such certificates of deposit in excess of the amount insured by the Federal
Deposit Insurance Corporation or any Georgia deposit insurance corporation, if
any such excess exists, shall be secured by deposit with the Federal Reserve
Bank of Atlanta, Georgia, or with any national or state bank located within the
state, of one or more of the following securities in an aggregate principal
amount equal at least to the amount of such excess:
(i)
Direct and general obligations of the state or of any county or municipality in
the state;
(ii)
Obligations of the United States or subsidiary corporations included in
subparagraph (B) of this paragraph;
(iii)
Obligations of agencies of the United States government included in subparagraph
(C) of this paragraph; or
(iv)
Bonds, obligations, or project notes of public housing agencies, urban renewal
agencies, or municipalities included in subparagraph (D) of this
paragraph;
(F)
Interest-bearing time deposits, repurchase agreements, reverse repurchase
agreements, rate guarantee agreements, or other similar banking arrangements
with a bank or trust company having capital and surplus aggregating at least $50
million or with any government bond dealer reporting to, trading with, and
recognized as a primary dealer by the Federal Reserve Bank of New York having
capital aggregating at least $50 million or with any corporation which is
subject to registration with the Board of Governors of the Federal Reserve
System pursuant to the requirements of the Bank Holding Company Act of 1956,
provided that each such interest-bearing time deposit, repurchase agreement,
reverse repurchase agreement, rate guarantee agreement, or other similar banking
arrangement shall permit the moneys so placed to be available for use at the
time provided with respect to the investment or reinvestment of such moneys;
and
(G)
State operated investment pools;
(14)
To acquire or contract to acquire from any person, firm, corporation, local
government, federal or state agency, or corporation by grant, purchase, or
otherwise, leaseholds, real or personal property, or any interest therein; and
to sell, assign, exchange, transfer, convey, lease, mortgage, or otherwise
dispose of or encumber the same; and
any
local government is authorized to grant, sell, or otherwise alienate leaseholds,
real and personal property, or any interest therein to the
authority;
(15)
Subject to applicable covenants or agreements related to the issuance of bonds,
to invest any moneys held in debt service funds or sinking funds not restricted
as to investment by the Constitution or laws of this state or the federal
government or by contract not required for immediate use or disbursement in
obligations of the types specified in paragraph (13) of this subsection,
provided that, for the purposes of this paragraph, the amounts and maturities of
such obligations shall be based upon and correlated to the debt service, which
debt
service shall be the principal
installments and interest payments, schedule for which such moneys are to be
applied;
(16)
To provide advisory, technical, consultative, training, educational, and project
assistance services to the state and local government and to enter into
contracts with the state and local government to provide such services. The
state and local governments are authorized to enter into contracts with the
authority for such services and to pay for such services as may be provided
them;
(17)
To make loan commitments and loans to local governments and to enter into option
arrangements with local governments for the purchase of said bonds, revenue
bonds, notes, or other obligations;
(18)
To sell or pledge any bonds, revenue bonds, notes, or other obligations acquired
by it whenever it is determined by the authority that the sale thereof is
desirable;
(19)
To apply for and to accept any gifts or grants or loan guarantees or loans of
funds or property or financial or other aid in any form from the federal
government or any agency or instrumentality thereof,
or
from the state or any agency or instrumentality thereof, or from any other
source for any or all of the purposes specified in this chapter and to comply,
subject to the provisions of this chapter, with the terms and conditions
thereof;
(20)
To lease to local governments any authority owned facilities or property or any
state owned facilities or property which the authority is managing under
contract with the state;
(21)
To contract with state agencies or any local government for the use by the
authority of any property or facilities or services of the state or any such
state agency or local government or for the use by any state agency or local
government of any facilities or services of the
authority;
and such state agencies and local governments are authorized to enter into such
contracts;
(22)
To extend credit or make loans, including the acquisition of bonds, revenue
bonds, notes, or other obligations of the state, any local government, or other
entity, including the federal government, for the cost or expense of any project
or any part of the cost or expense of any
project,;
which
such
credit or loans may be evidenced or secured by trust indentures, loan
agreements, notes, mortgages, deeds to secure debt, trust deeds, security
agreements, or assignments, on such terms and conditions as the authority shall
determine to be reasonable in connection with such extension of credit or loans,
including provision for the establishment and maintenance of reserve funds; and,
in the exercise of powers granted by this chapter in connection with any
project, the authority shall have the right and power to require the inclusion
in any such trust indentures, loan agreement, note, mortgage, deed to secure
debt, trust deed, security agreement, assignment, or other instrument such
provisions or requirements for guaranty of any obligations, insurance,
construction, use, operation, maintenance, and financing of a project and such
other terms and conditions as the authority may deem necessary or
desirable;
(23)
As security for repayment of any bonds, revenue bonds, notes, or other
obligations of the authority, to pledge, lease, mortgage, convey, assign,
hypothecate, or otherwise encumber any property of the authority including, but
not limited to, real property, fixtures, personal property, and revenues or
other funds and to execute any lease, trust indenture, trust agreement,
agreement for the sale of the authority's revenue bonds, notes or other
obligations, loan agreement, mortgage, deed to secure debt, trust deed, security
agreement, assignment, or other agreement or instrument as may be necessary or
desirable, in the judgment of the authority, to secure any such revenue bonds,
notes, or other
obligations,
which instruments
or;
such agreements
or
instruments may provide for foreclosure or
forced sale of any property of the authority upon default in any obligation of
the authority, either in payment of principal, premium, if any, or interest or
in the performance of any term or condition contained in any such agreement or
instrument;
(24)
To receive and use the proceeds of any tax levied to pay all or any part of the
cost of any project or for any other purpose for which the authority may use its
own funds pursuant to this chapter;
(25)
To use income earned on any investment for such corporate purposes of the
authority as the authority in its discretion shall determine, including, but not
limited to, the use of repaid principal and earnings on funds, the ultimate
source of which was an appropriation to a budget unit of the state to make loans
for projects;
(26)
To cooperate and act in conjunction with industrial, commercial, medical,
scientific, public interest, or educational organizations; with agencies of the
federal government and this state and local government; with other states and
their political subdivisions; and with joint agencies
thereof,
and such state agencies, local government, and joint agencies are authorized and
empowered to cooperate and act in
conjunction,
and to enter into contracts or agreements with the authority and local
government to achieve or further the purposes of the authority;
(27)
To coordinate, cooperate, and contract with any metropolitan planning
organization for a standard metropolitan statistical area which is primarily
located within an adjoining state but which includes any territory within the
jurisdiction of the authority to achieve or further the purposes of the
authority as provided by this chapter;
(28)
To coordinate and assist in planning for land transportation and air quality
purposes within the geographic area over which the authority has jurisdiction
pursuant to this
chapter,
between and among all state, regional, and local authorities charged with
planning responsibilities for such purposes by state or federal law, and to
adopt a regional plan or plans based in whole or in part on such
planning;
(29)
Reserved;
(30)
To review and make recommendations to the Governor concerning all land
transportation plans and transportation improvement programs prepared by the
Department of Transportation involving design, construction, or operation of
land transportation facilities wholly or partly within the geographic area over
which the authority has jurisdiction pursuant to this
chapter,
and;
to negotiate with that department concerning changes or amendments to such plans
which may be recommended by the authority or the Governor consistent with
applicable federal law and
regulation,;
and to adopt such plans as all or a portion of its own regional
plans;
(31)
To acquire by the exercise of the power of eminent domain any real property or
rights in property which it may deem necessary for its purposes under this
chapter pursuant to the procedures set forth in this chapter, and to purchase,
exchange, sell, lease, or otherwise acquire or dispose of any property or any
rights or interests therein for the purposes authorized by this chapter or for
any facilities or activities incident thereto, subject to and in conformity with
applicable federal law and regulation;
(32)
To the extent permissible under federal law, to operate as a receiver of federal
grants, loans, and other moneys intended to be used within the geographic area
over which the authority has jurisdiction pursuant to this chapter for
inter-urban and intra-urban transit, land public transportation development, air
quality and air pollution control, and other purposes related to the alleviation
of congestion and air pollution;
(33)
Subject to any covenant or agreement made for the benefit of owners of bonds,
notes, or other obligations issued to finance roads or toll roads, in planning
for the use of any road or toll road which lies within the geographical area
over which the authority has jurisdiction,
the
authority shall have the power to control
or limit access thereto, including the power to close off, regulate, or create
access to or from any part, excluding the interstate system, of any road on the
state highway system, a county road system, or a municipal street system to or
from any such road or toll road or any property or project of the authority, to
the extent necessary to achieve the purposes of the authority; the authority may
submit an application for an interstate system right of way encroachment through
the
state
Georgia
Department of Transportation, and that department shall submit the same to the
Federal Highway Administration for approval. The authority shall provide any
affected local government with not less than 60 days' notice of any proposed
access limitation;
(34)
To exercise any power granted by the laws of this state to public or private
corporations which is not in conflict with the public purpose of the
authority;
(35)
To do all things necessary or convenient to carry out the powers conferred by
this chapter;
(36)
To procure insurance against any loss in connection with its property and other
assets or obligations or to establish cash reserves to enable it to act as
self-insurer against any and all such losses;
(37)
To accept and use federal funds; to enter into any contracts or agreements with
the United States or its agencies or subdivisions relating to the planning,
financing, construction, improvement, operation, and maintenance of any public
road or other mode or system of land transportation; and to do all things
necessary, proper, or expedient to achieve compliance with the provisions and
requirements of all applicable federal-aid acts and programs. Nothing in this
chapter is intended to conflict with any federal law; and, in case of such
conflict, such portion as may be in conflict with such federal law is declared
of no effect to the extent of the conflict;
(38)
To ensure that any project funded by the authority in whole or in part with
federal-aid funds is included in approved transportation improvement programs
adopted and approved by designated metropolitan planning organizations and the
Governor and in the land transportation plan adopted and approved by the
designated metropolitan planning
organization,
and is in compliance with the requirements of relevant portions of the
regulations implementing the Clean Air Act including without limitation 40
C.F.R. Section 93.105(c)(1)(ii) and 40 C.F.R. Section 93.122(a)(1), where such
inclusion, approval, designation, or compliance is required by applicable
federal law or regulation; and
(39)
To appoint and select officers, agents, and employees, including engineering,
architectural, and construction experts and attorneys, and to fix their
compensation.
(b)
In addition to the above-enumerated general powers, and such other powers as are
set forth in this chapter, the authority shall have the following powers with
respect to special districts created and activated pursuant to this
chapter:
(1)
By resolution, to authorize the provision of land public transportation services
and the institution of air quality control measures within the bounds of such
special districts by local governments within such special districts utilizing
the funding methods authorized by this chapter where the facilities for such
purposes are located wholly within the jurisdiction of such local governments
and such special districts or are the subject of contracts between or among such
local governments and where such services and measures are certified by the
authority to be consistent with the designated metropolitan planning
organizations' regional plans, where applicable;
(2)
By resolution, to authorize the utilization by local governments within such
special districts of the funding mechanisms enumerated in Code Section 50-32-30
to provide funding to defray the cost of land public transportation and air
quality control measures certified and provided pursuant to paragraph (1) of
this subsection;
(3)
By resolution, to authorize the utilization by local governments within such
special districts of the above-enumerated funding mechanisms to assist in
funding those portions of regional land public transportation systems which lie
within and provide service to the territory of such local governments within
special districts; and
(4)
By resolution, to contract with local governments within such special districts
for funding, planning services, and such other services as the authority may
deem necessary and proper to assist such local governments in providing land
public transportation services and instituting air quality control measures
within the bounds of such special districts where the facilities for such
purposes are located wholly within the jurisdiction of such local governments
and such special districts or are the subject of contracts between or among such
local governments, and where such services and measures are certified by the
authority to be consistent with the designated metropolitan planning
organizations' regional plans, where applicable.
(c)
On and after July 1, 2012, the authority may enter into a contractual agreement
with the Metropolitan Atlanta Rapid Transit Authority for a period of not less
than five years, which may be renewed for subsequent periods of not less than
five years, that shall require such transit authority to obtain signed
authorization from the transit governance director of the authority and a
majority vote of the Transit Governance Council for new capital improvement
projects involving federal funds. For each fiscal year such agreement is in
force, the transit authority shall not be constrained by the provisions of
subsection (i) of Section 25 of the 'Metropolitan Atlanta Rapid Transit
Authority Act of 1965' (Ga. L. 1965, p. 2243), as amended, in its ability to
allocate sales and use tax proceeds.
(c)(d)
The provision of local government services and the utilization of funding
mechanisms therefor consistent with the terms of this chapter shall not be
subject to the provisions of Chapter 70 of Title 36; provided, however, that the
authority shall, where practicable, provide for coordination and consistency
between the provision of such services pursuant to the terms of this chapter and
the provision of such services pursuant to Chapter 70 of Title 36.
(e)
No later than December 31, 2014, the authority shall enter into contractual
agreements with local governments, state agencies, joint development
authorities, or private entities which shall authorize such local governments,
state agencies, joint development authorities, or private entities to operate
the authority's public transit services in existence as of July 1,
2012.
50-32-12.
Pursuant
to the authority granted by Article IX, Section II, Paragraph VI of the
Constitution of this state, there are created within this state 159 special
districts. One such district shall exist within the geographic boundaries of
each county, and the territory of each district shall include all of the
territory within its respective county. Any special district within a county
within the geographic area over which the authority has jurisdiction shall be
deemed activated for purposes of this chapter.
50-32-13.
(a)
The Governor may delegate to the authority, by executive order, his or her
powers under applicable federal transportation planning and air quality laws and
regulations, including without limitation the power to resolve revision disputes
between metropolitan planning organizations and the Department of Transportation
under 40 C.F.R. Section 93.105, the power to approve state-wide transportation
improvement programs under 23 U.S.C. Section 134 and 23 C.F.R. Sections
450.312(b), 450.324(b), and 450.328(a), and the power of approval and
responsibilities for public involvement under 23 C.F.R. Section
450.216(a).
(b)
In exercising the authority's delegated powers concerning proposed state-wide
transportation plans and transportation improvement programs prepared by
metropolitan planning organizations wholly or partly within the geographic area
over which the authority has jurisdiction or by the Department of
Transportation:
(1)
Transportation plans and transportation improvement programs subject to the
authority's delegated review powers shall be approved by the affirmative vote of
two-thirds of
the
those
authorized
membership
members
of the board
appointed by
the Governor to a motion made for
that purpose;
(2)
The authority may request modification of such a plan or program and approve
such proposal for modification of a plan or program by the affirmative vote of
two-thirds of
the
those
authorized
membership
members
of the board
appointed by
the Governor to a motion made for
that purpose;
(3)
The board may set a date certain as a deadline for submission of any such plan
or program to the authority for review; and
(4)
If any such plan or program is not timely submitted for review in compliance
with a deadline set by the board, the authority may exercise its delegated power
to disapprove such plan or program upon the affirmative vote of two-thirds of
the
those
authorized
membership
members
of the board
appointed by
the Governor to a motion made for that
purpose;
provided,
however, that where one or more vacancies exist on the board and the board is
not otherwise prohibited from entertaining a motion requiring such a
supermajority, such motion shall carry on the affirmative vote of two-thirds of
the
those
members
appointed by
the Governor present. On any motion
requiring a supermajority for passage, any abstention not authorized as provided
in this chapter shall be deemed an affirmative vote for purposes of passage or
failure of such motion.
(c)
The authority shall formulate measurable targets for air quality improvements
and standards within the geographic area over which the authority has
jurisdiction pursuant to this chapter, and annually shall report such targets to
the Governor, together with an assessment of progress toward achieving such
targets and projected measures and timetables for achieving such
targets.
50-32-14.
In
any case where a development of regional impact, as determined by the Department
of Community Affairs pursuant to Article 1 of Chapter 8 of this title, is
planned within the geographic area over which the authority has jurisdiction
which requires the expenditure of state or federal funds by the state or any
political subdivision, agency, authority, or instrumentality thereof to create
land transportation services or access to such development, any expenditure of
such funds shall be prohibited unless and until the plan for such development
and such expenditures is reviewed and approved by the authority. The decision
of the authority to allow or disallow the expenditure of such funds shall be
final and nonreviewable, except that such decision shall be reversed where a
resolution for such purpose is passed by vote of three-fourths of the authorized
membership of the county commission of the county in which the development of
regional impact is planned or, if such development is within a municipality, by
vote of three-fourths of the authorized membership of the city council. Such a
vote shall not constitute failure or refusal by the local government for
purposes of Code Section 50-32-53.
50-32-15.
(a)
In furtherance of the purposes of the authority, no project of the Georgia Rail
Passenger Authority created by Article 9 of Chapter 9 of Title 46 which is
located wholly or partly within the geographic area over which the authority has
jurisdiction shall be commenced after May 6, 1999, unless such project is
approved by the affirmative vote of two-thirds of the authorized membership of
the board of directors of the authority pursuant to a motion made for that
purpose; provided, however, that where such project is an approved
transportation control measure pursuant to an approved state implementation
plan, such project may proceed consistent with applicable federal law and
regulation.
(b)
From time to time, by the affirmative vote of two-thirds of the authorized
membership of the board of directors of the authority, the authority may direct
the Georgia Environmental Finance Authority to issue revenue bonds, bonds,
notes, loans, credit agreements, or other obligations or facilities to finance,
in whole or in part, any project or the cost of any project of the authority
wholly or partly within the geographic area over which the authority has
jurisdiction, by means of a loan, extension of credit, or grant from the Georgia
Environmental Finance Authority to the authority, on such terms or conditions as
shall be concluded between the two authorities.
(c)
The Georgia Environmental Finance Authority shall be subordinate to the
authority in all respects, with respect to authority projects, within the
geographic area over which the authority has jurisdiction; and, in the event of
any conflict with the provisions of Chapter 23 of this title, the provisions of
this chapter shall prevail in all respects. It is expressly provided, however,
that nothing in this Code section and nothing in this chapter shall be construed
to permit in any manner the alteration, elimination, or impairment of any term,
provision, covenant, or obligation imposed on any state authority, including but
not limited to the Georgia Environmental Finance Authority, the State
Toll
Road and
Tollway Authority, the Georgia Regional
Transportation Authority, or the Georgia Rail Passenger Authority, for the
benefit of any owner or holder of any bond, note, or other obligation of any
such authority.
50-32-16.
Notwithstanding
any provision of law to the contrary, funds appropriated to or otherwise
obtained by the Department of Transportation pursuant to Article III, Section
IX, Paragraph VI(b) of the Constitution of this state and paragraphs (2) and (7)
of subsection (a) of Code Section 32-2-2 shall not be utilized for designation,
improvement, or construction of any land public transportation system or any
part of the state highway system lying within the boundaries of a county whose
special district created pursuant to this chapter has been activated pursuant to
the provisions of this chapter, unless such designation, improvement, or
construction is safety related or has been conducted by or through, or approved
by, the authority, or such funds are within categories applicable to state-wide
inspection or improvement required for compliance with federal law or
regulation.
50-32-17.
(a)
After the adoption by the authority of a resolution declaring that the
acquisition of the real property described therein is necessary for the purposes
of this chapter, the authority may exercise the power of eminent domain in the
manner provided in Title 22; or it may exercise the power of eminent domain in
the manner provided by any other applicable statutory provisions for the
exercise of such power; provided, however, that the provisions of Article 7 of
Chapter 16 of this title shall not be applicable to the exercise of the power of
eminent domain by the authority. Property already devoted to public use may be
acquired, except that no real property belonging to the state other than
property acquired by or for the purposes of the Department of Transportation may
be acquired without the consent of the state.
(b)
Real property acquired by the authority in any manner for the purposes of this
chapter shall not be subject to the exercise of eminent domain by any state
department, division, board, bureau, commission, authority, or other agency or
instrumentality of the executive branch of state government, or by any political
subdivision of the state or any agency, authority, or instrumentality thereof,
without the consent of the authority.
50-32-18.
The
authority shall have all rights afforded the state by virtue of the Constitution
of the United States, and nothing in this chapter shall be construed to remove
any such rights.
50-32-19.
Neither
the members of the authority nor any officer or employee of the authority acting
on behalf thereof, while acting within the scope of his or her authority, shall
be subject to any liability resulting from:
(1)
The construction, ownership, maintenance, or operation of any project financed
with the assistance of the authority;
(2)
The construction, ownership, maintenance, or operation of any project, facility,
or undertaking authorized by the authority and owned by a local government;
or
(3)
Carrying out any of the powers expressly given in this chapter.
50-32-20.
(a)
Upon request of the board of the authority, the Department of Transportation and
the Department of Natural Resources shall provide to the authority and its
authorized personnel and agents access to all books, records, and other
information resources available to those departments which are not of a
commercial proprietary nature and shall assist the authority in identifying and
locating such information resources. Reimbursement for costs of identification,
location, transfer, or reproduction of such information resources, including
personnel costs incurred by the respective departments for such purposes, shall
be made by the authority to those respective departments.
(b)
The authority may request from time to time, and the Department of
Transportation and the Department of Natural Resources shall provide as
permissible under the Constitution and laws of this state, the assistance of
personnel and the use of facilities, vehicles, aircraft, and equipment of those
departments, and reimbursement for all costs and salaries thereby incurred by
the respective departments shall be made by the authority to those respective
departments.
ARTICLE
3
50-32-30.
In
accomplishing its purposes pursuant to the provisions of this chapter, the
authority may utilize, unless otherwise prohibited by law, any combination of
the following funding resources:
(1)
Revenue bonds as authorized by this chapter;
(2)
Guaranteed revenue bonds as authorized by this chapter;
(3)
Funds obtained in a special district created and activated pursuant to this
chapter, for the purposes of providing local land
public
transportation and air quality services within such district or, by contract
with, between, and among local governments within such special districts,
throughout such districts;
(4)
Moneys borrowed by the authority pursuant to the provisions of this
chapter;
(5)
Such federal funds as may from time to time be made available to the authority
or for purposes coincident with the purposes of the authority within the
territory over which the authority has jurisdiction; and
(6)
Such grants or contributions from persons, firms, corporations, or other
entities as the authority may receive from time to time.
50-32-31.
(a)(1)
The authority shall have the power and is authorized at one time or from time to
time to provide by one or more authorizing resolutions for the issuance of
revenue bonds, but the authority shall not have the power to incur indebtedness
under this subsection in excess of the cumulative principal sum of $1 billion
but excluding from such limit bonds issued for the purpose of refunding bonds
which have been previously issued. The authority shall have the power to issue
such revenue bonds and the proceeds thereof for the purpose of paying all or
part of the costs of any project or undertaking which is for the purpose of
exercising the powers delegated to it by this chapter, and the construction and
provision of such installations and facilities as the authority may from time to
time deem advisable to construct or contract for those purposes, as such
undertakings and facilities shall be designated in the resolution of the board
of directors authorizing the issuance of such bonds.
(2)
The revenue bonds and the interest payable thereon shall be exempt from all
taxation within the state imposed by the state or any county, municipal
corporation, or other political subdivision of the state.
(b)
In addition, the authority shall have the power and is authorized to issue bonds
in such principal amounts as the authority deems appropriate, such bonds to be
primarily secured by a pool of obligations issued by local governments when the
proceeds of the local government obligations are applied to projects of the
authority.
(c)
The authority shall have the power from time to time to refund any bonds by the
issuance of new bonds whether the bonds to be refunded have or have not matured
and may issue bonds partly to refund bonds then outstanding and partly for any
other corporate purpose.
(d)
Bonds issued by the authority may be general or limited obligations payable
solely out of particular revenues or other moneys of the authority as may be
designated in the proceedings of the authority under which the bonds shall be
authorized to be issued, subject to any agreements entered into between the
authority and state agencies, local government, or private parties and subject
to any agreements with the owners of outstanding bonds pledging any particular
revenues or moneys.
(e)(1)
The authority is authorized to obtain from any department, agency, or
corporation of the United States of America or governmental insurer, including
the state, any insurance or guaranty, to the extent now or hereafter available,
as to or for the payment or repayment of interest or principal, or both, or any
part thereof on any bonds or notes issued by the authority or on any obligations
of federal, state, or local governments purchased or held by the authority; and
to enter into any agreement or contract with respect to any such insurance or
guaranty, except to the extent that the same would in any way impair or
interfere with the ability of the authority to perform and fulfill the terms of
any agreement made with the owners of the bonds or notes of the
authority.
(2)
Bonds issued by the authority shall be authorized by resolution of the
authority, be in such denominations, bear such date or dates, and mature at such
time or times as the authority determines to be appropriate, except that bonds
and any renewal thereof shall mature within 25 years of the date of their
original issuance. Such bonds shall be subject to such terms of redemption,
bear interest at such rate or rates payable at such times, be in registered form
or book-entry form through a securities depository, or both, as to principal or
interest or both principal and interest, carry such registration privileges, be
executed in such manner, be payable in such medium of payment at such place or
places, and be subject to such terms and conditions as such resolution of the
authority may provide; provided, however, in lieu of specifying the rate or
rates of interest which the bonds to be issued by an authority are to bear, the
resolution of the authority may provide that the bonds when issued will bear
interest at a rate not exceeding a maximum per annum rate of interest which may
be fixed or may fluctuate or otherwise change from time to time as specified in
the resolution or may state that, in the event the bonds are to bear different
rates of interest for different maturity dates, none of such rates will exceed
the maximum rate, which rate may be fixed or may fluctuate or otherwise change
from time to time, as specified. Bonds may be sold at public or private sale
for such price or prices as the authority shall determine.
(3)
Any resolution or resolutions authorizing bonds or any issue of bonds may
contain provisions which may be a part of the contract with the owners of the
bonds thereby authorized as to:
(A)
Pledging all or part of its revenues, together with any other moneys,
securities, contracts, or property, to secure the payment of the bonds, subject
to such agreements with bond owners as may then exist;
(B)
Setting aside of reserves and the creation of sinking funds and the regulation
and disposition thereof;
(C)
Limiting the purpose to which the proceeds from the sale of bonds may be
applied;
(D)
Limiting the right of the authority to restrict and regulate the use of any
project or part thereof in connection with which bonds are issued;
(E)
Limiting the issuance of additional bonds, the terms upon which additional bonds
may be issued and secured, and the refunding of outstanding or other
bonds;
(F)
Setting the procedure, if any, by which the terms of any contract with bond
owners may be amended or abrogated, including the proportion of bond owners
which must consent thereto and the manner in which such consent may be
given;
(G)
Creating special funds into which any revenues or other moneys may be
deposited;
(H)
Setting the terms and provisions of any trust, deed, or indenture or other
agreement under which the bonds may be issued;
(I)
Vesting in a trustee or trustees such properties, rights, powers, and duties in
trust as the authority may determine;
(J)
Defining the acts or omissions to act which may constitute a default in the
obligations and duties of the authority to the bond owners and providing for the
rights and remedies of the bond owners in the event of such default, including
as a matter of right the appointment of a receiver; provided, however, that such
rights and remedies shall not be inconsistent with the general laws of the state
and other provisions of this chapter;
(K)
Limiting the power of the authority to sell or otherwise dispose of any
environmental facility or any part thereof or other property, including
municipal bonds held by it;
(L)
Limiting the amount of revenues and other moneys to be expended for operating,
administrative, or other expenses of the authority;
(M)
Providing for the payment of the proceeds of bonds, obligations, revenues, and
other moneys to a trustee or other depository and for the method of disbursement
thereof with such safeguards and restrictions as the authority may determine;
and
(N)
Establishing any other matters of like or different character which in any way
affect the security for the bonds or the rights and remedies of bond
owners.
(4)
In addition to the powers conferred upon the authority to secure its bonds, the
authority shall have power in connection with the issuance of bonds to enter
into such agreements as the authority may deem necessary, consistent, or
desirable concerning the use or disposition of its revenues or other moneys or
property, including the mortgaging of any property and the entrusting, pledging,
or creation of any other security interest in any such revenues, moneys, or
property and the doing of any act, including refraining from doing any act,
which the authority would have the right to do in the absence of such
agreements. The authority shall have power to enter into amendments of any such
agreements within the powers granted to the authority by this chapter and to
perform such agreements. The provisions of any such agreements may be made a
part of the contract with the owners of bonds of the authority.
(5)
Any pledge of or other security interest in revenues, moneys, accounts, contract
rights, general intangibles, or other personal property made or created by the
authority shall be valid, binding, and perfected from the time when such pledge
is made or other security interest attaches without any physical delivery of the
collateral or further act, and the lien of any such pledge or other security
interest shall be valid, binding, and perfected against all parties having
claims of any kind in tort, contract, or otherwise against the authority
irrespective of whether or not such parties have notice thereof. No instrument
by which such a pledge or security interest is created nor any financing
statement need be recorded or filed.
(6)
All bonds issued by the authority shall be executed in the name of the authority
by the chairperson and secretary of the authority and shall be sealed with the
official seal or a facsimile thereof. The facsimile signature of the
chairperson and the secretary of the authority may be imprinted in lieu of the
manual signature if the authority so directs. Bonds bearing the manual or
facsimile signature of a person in office at the time such signature was signed
or imprinted shall be fully valid, notwithstanding the fact that before or after
delivery thereof such person ceased to hold such office.
(7)
Prior to the preparation of definitive bonds, the authority may issue interim
receipts, interim certificates, or temporary bonds exchangeable for definitive
bonds upon the issuance of the latter; the authority may provide for the
replacement of any bond which shall become mutilated or be destroyed or
lost.
(8)
All bonds issued by the authority under this chapter may be executed, confirmed,
and validated under and in accordance with Article 3 of Chapter 82 of Title 36,
except as otherwise provided in this chapter.
(9)
The venue for all bond validation proceedings pursuant to this chapter shall be
Fulton County, and the Superior Court of Fulton County shall have exclusive
final court jurisdiction over such proceedings.
(10)
Bonds issued by the authority shall have a certificate of validation bearing the
facsimile signature of the clerk of the Superior Court of Fulton County and
shall state the date on which said bonds were validated; and such entry shall be
original evidence of the fact of judgment and shall be received as original
evidence in any court of this state.
(11)
The authority shall reimburse the district attorney for his or her actual costs,
if any, associated with the bond validation proceedings. The fees payable to
the clerk of the Superior Court of Fulton County for validation shall be as
follows for each bond, regardless of the denomination of such bond:
(A)
Fifty cents each for the first 100 bonds;
(B)
Twenty-five cents each for the next 400 bonds; and
(C)
Ten cents for each such bond over 500.
(12)
Whether or not the bonds of the authority are of such form and character as to
be negotiable instruments, the bonds are made negotiable instruments within the
meaning of and for all the purposes of Georgia law subject only to the
provisions of the bonds for registration.
(13)
Neither the members of the authority nor any person executing bonds shall be
liable personally thereon or be subject to any personal liability or
accountability solely by reason of the issuance thereof.
(14)
The authority, subject to such agreements with bond owners as then may exist,
shall have power out of any moneys available therefor to purchase bonds of the
authority, which shall thereupon be canceled, at a price not in excess of the
following:
(A)
If the bonds are then redeemable, the redemption price then applicable plus
accrued interest to the next interest payment date; or
(B)
If the bonds are not then redeemable, the redemption price applicable on the
first date after such purchase upon which the bonds become subject to
redemption, plus accrued interest to the next interest payment
date.
(15)
In lieu of specifying the rate or rates of interest which bonds to be issued by
the authority are to bear, the notice to the district attorney or the Attorney
General, the notice to the public of the time, place, and date of the validation
hearing, and the petition and complaint for validation may state that the bonds
when issued will bear interest at a rate not exceeding a maximum per annum rate
of interest, which rate may be fixed or may fluctuate or otherwise change from
time to time, specified in such notices and petition and complaint or may state
that, in the event the bonds are to bear different rates of interest for
different maturity dates, none of such rates will exceed the maximum rate, which
rate may be fixed or may fluctuate or otherwise change from time to time, so
specified; provided, however, that nothing in this Code section shall be
construed as prohibiting or restricting the right of the authority to sell such
bonds at a discount, even if in doing so the effective interest cost resulting
therefrom would exceed the maximum per annum interest rate specified in such
notices and in the petition and complaint.
50-32-32.
(a)
The authority shall have the power and is authorized to issue guaranteed revenue
bonds in a maximum aggregate principal amount not to exceed $1 billion, under
the terms and conditions set forth in this chapter, pursuant to the provisions
of Article 2 of Chapter 17 of this title, which bonds shall constitute
guaranteed revenue debt under Article VII, Section IV, Paragraph III of the
Constitution of this state. The General Assembly hereby finds and determines
that such issue will be self-liquidating over the life of the issue, and
declares its intent to appropriate an amount equal to the highest annual debt
service requirements for such issue. The proceeds of such bonds and the
investment earnings thereon shall be used to finance land public transportation
facilities or systems, including any costs of such projects.
(b)
The guaranteed revenue bonds and the interest payable thereon shall be exempt
from all taxation within the state imposed by the state or any county, municipal
corporation, or other political subdivision of the state.
50-32-33.
The
bonds of the authority are made securities in which all public officials and
bodies of the state and all counties and municipalities, all insurance companies
and associations, and other persons carrying on an insurance business, all
banks, bankers, trust companies, savings banks, and savings associations,
including savings and loan associations, investment companies and other persons
carrying on a banking business, and administrators, guardians, executors,
trustees, and other fiduciaries and all other persons whatsoever, who are now or
may hereafter be authorized to invest in bonds or other obligations of the
state, may properly and legally invest funds including capital in their control
or belonging to them. The bonds are also made securities which may be deposited
with and may be received by all public officers and bodies of this state and all
counties and municipalities for any purposes for which the deposit of bonds or
other obligations of this state are now or hereafter may be
authorized.
50-32-34.
The
State of Georgia does pledge to and agree with the owners of any bonds issued by
the authority pursuant to this chapter that the state will not alter or limit
the rights vested in the authority to fulfill the terms of any agreement made
with or for the benefit of the owners of bonds or in any way impair the rights
and remedies of bond owners until the bonds, together with the interest thereon,
with interest on any unpaid installments of interest, and all costs and expenses
in connection with any action or proceeding by or on behalf of such owners, are
fully met and discharged or funds for the payment of such are fully provided.
The authority is authorized to include this pledge and agreement of the state in
any agreement with bond owners.
50-32-35.
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 chapter shall be necessary to the performance of
any act authorized in this chapter; nor shall any such act be subject to
referendum.
50-32-36.
No
bonds, notes, or other obligations of and no indebtedness incurred by the
authority, other than guaranteed revenue bonds, shall constitute an indebtedness
or obligation or a pledge of the faith and credit of the State of Georgia or of
its agencies; nor shall any act of the authority in any manner constitute or
result in the creation of an indebtedness of the state or its agencies or a
cause of action against the state or its agencies; provided, however, the state,
to the extent permitted by its Constitution, may guarantee payment of such
bonds, notes, or other obligations as guaranteed revenue debt.
50-32-37.
It
is found, determined, and declared that the creation of this authority and the
carrying out of its corporate purposes is in all respects for the benefit of the
people of the state and that the authority is an institution of purely public
charity and will be performing an essential governmental function in the
exercise of the power conferred upon it by this chapter. For such reasons the
state covenants with the owners from time to time of the bonds, notes, and other
obligations issued under this chapter that the authority shall not be required
to pay any taxes or assessments imposed by the state or any of its counties,
municipal corporations, political subdivisions, or taxing districts upon any
property acquired by the authority or under its jurisdiction, control,
possession, or supervision or leased by it to others, or upon its activities in
the operation or maintenance of any such property or on any income derived by
the authority in the form of fees, recording fees, rentals, charges, purchase
price, installments, or otherwise, and that the bonds, notes, and other
obligations of the authority, their transfer, and the income therefrom shall at
all times be exempt from taxation within the state. The tax exemption provided
in this chapter shall include an exemption from sales and use tax on property
purchased by the authority or for use by the authority.
50-32-38.
The
issuance of any bond, revenue bond, note, or other obligation or incurring of
debt, public or otherwise, by the authority must be approved by the commission
established by Article VII, Section IV, Paragraph VII of the Constitution of the
State of Georgia of 1983 or its successor.
50-32-39.
No
bonded indebtedness of any kind shall be incurred by the authority or on behalf
of the authority by the Georgia Environmental Finance Authority at any time when
the highest aggregate annual debt service requirements of the state for the then
current fiscal year or any subsequent fiscal year for outstanding general
obligation debt and guaranteed revenue debt, including the proposed debt and
treating it as state general obligation debt or guaranteed revenue debt for
purposes of calculating debt limitations under this Code section, and the
highest aggregate annual payments for the then current fiscal year or any
subsequent fiscal year of the state under all contracts then in force to which
the provisions of the second paragraph of Article IX, Section VI, Paragraph I(a)
of the Constitution of 1976 are applicable, exceed 7.5 percent of the total
revenue receipts, less refunds of the state treasury in the fiscal year
immediately preceding the fiscal year in which any such debt is to be
incurred.
ARTICLE
4
50-32-50.
(a)
Any local government which is within the geographic area over which the
authority has jurisdiction or which is within any county for which a special
district has been otherwise activated pursuant to this chapter may provide,
subject to the authorization of the authority as provided for in this chapter,
within the territorial limits of the special district authorized by this chapter
local government services consisting of land public transportation and air
quality control, consistent with the terms of any authorizing resolution of the
authority and, further, consistent with the regional plan or plans approved by
the authority pursuant to its delegated powers if such plans are applicable to
such local government's territory. In providing such local services in such
special district pursuant to the provisions of this chapter, the local
government shall utilize one or more of the funding mechanisms enumerated in
Article IX, Section II, Paragraph VI of the Constitution of this state for the
purpose of funding, in whole or in part, only the local government services
authorized by this chapter, and such services may be provided, in whole or in
part, pursuant to a contract between one or more local governments within a
special district activated pursuant to this chapter.
(b)
Projects and facilities for the provision of local government services through
special districts authorized by this chapter shall be planned by the authority
consistent with approved regional plans, where applicable, and may be designed,
constructed, managed, operated, and funded by the authority in whole or in
part.
50-32-51.
(a)
For the purposes of this Code section, the term 'lease agreement' shall mean and
include a lease, operating lease rental agreement, usufruct, sale and lease
back, or any other lease agreement having a term of not more than 50 years and
concerning real, personal, or mixed property, any right, title, or interest
therein by and between the state, the authority, a local government, or any
combination thereof.
(b)
A local government by resolution of its governing body may enter into a lease
agreement for the provision of land public transportation or air quality
services utilizing facilities owned by the authority upon such terms and
conditions as the authority shall determine to be reasonable including, but not
limited to, the reimbursement of all costs of construction and financing and
claims arising therefrom.
(c)
No lease agreement shall be deemed to be a contract subject to any law requiring
that a contract shall be let only after receipt of competitive
bids.
(d)
Any lease agreement may provide for the construction of such land public
transportation or air quality facility by the local government as agent for the
authority. In such event, all contracts for such construction shall be let by
such local government in accordance with the provisions of law otherwise
applicable to the letting of such contracts by such local government and with
the provisions of state law pertaining to prevailing wages, labor standards, and
working hours. Any such lease agreement may contain provisions by which such
local government shall indemnify the authority against any and all damages
resulting from acts or omissions to act on the part of such local government or
its officers, agents, or employees in constructing such facility or facilities,
in letting any contracts in connection therewith, or in operating and
maintaining the same.
(e)
Any lease agreement executed by the authority directly with any local government
may provide at the termination thereof that title to the land public
transportation or air quality facility project shall vest in the local
government or its successor in interest, if any, free and clear of any liens or
encumbrances created in connection with any contract or bonds, revenue bonds,
notes, or other obligations involving the authority.
(f)
Any lease agreement directly between the state or authority and a local
government may contain provisions requiring the local government to perform any
or all of the following:
(1)
In the case of a land public transportation facility, to establish and collect
rates, fees, and charges so as to produce revenues sufficient to pay all or a
specified portion of:
(A)
The costs of operation, maintenance, renewal, replacement, and repairs of the
land public transportation facility of such local government; and
(B)
Outstanding bonds, revenue bonds, notes, or other obligations incurred for the
purposes of such land public transportation facility and to provide for the
payment of all amounts as they shall become due and payable under the terms of
such lease agreement, including amounts for the creation and maintenance of any
required reserves;
(2)
In the case of an air quality facility, to establish and collect rents, rates,
fees, and charges so as to produce revenues sufficient to pay all or a specified
portion of:
(A)
The costs of operation, maintenance, renewal, and repairs of the air quality
facility of such local government; and
(B)
Outstanding bonds, revenue bonds, notes, or other obligations incurred for the
purposes of such air quality facility and to provide for the payment of all
amounts as they shall become due and payable under the terms of such lease
agreement, including amounts for the creation and maintenance of any required
reserves;
(3)
To create and maintain reasonable reserves or other special funds;
(4)
To create and maintain a special fund or funds as additional security for the
punctual payment of any rentals due under such lease agreement and for the
deposit therein of such revenues as shall be sufficient to pay said lease
rentals and any other amounts becoming due under such lease agreements as the
same shall become due and payable; or
(5)
To perform such other acts and take such other action as may be deemed necessary
and desirable by the authority to secure the complete and punctual performance
by such local government of such lease agreements and to provide for the
remedies of the authority in the event of a default by such local government in
such payment.
50-32-52.
(a)
The authority may make grants or loans to a local government to pay all or any
part of the cost of a project. In the event the local government agrees to
accept such grants or loans, the authority may require the local government to
issue bonds or revenue bonds as evidence of such grants or loans. The authority
and a local government may enter into such loan commitments and option
agreements as may be determined appropriate by the authority.
(b)
The authority may require as a condition of any grant or loan to a local
government that such local government shall perform any or all of the
following:
(1)
In the case of grants or loans for a land public transportation or air quality
facility, establish and collect rates, fees, and charges so as to produce
revenues sufficient to pay all or a specified portion of:
(A)
Costs of operation, maintenance, replacement, renewal, and repairs;
and
(B)
Outstanding indebtedness incurred for the purposes of such facility, including
the principal of and interest on the bonds, revenue bonds, notes, or other
obligations issued by the local government, as the same shall become due and
payable, and to create and maintain any required reserves;
(2)
In the case of loans for an air quality facility, establish and collect rents,
rates, fees, and charges so as to produce revenues sufficient to pay all or a
specified portion of:
(A)
Costs of operation, maintenance, renewal, replacement, and repairs of the air
quality facility of such local government; and
(B)
Outstanding indebtedness incurred for the purposes of such air quality facility,
including the principal of and interest on the bonds, revenue bonds, notes, or
other obligations issued by the local government, as the same shall become due
and payable, and to create and maintain any required reserves;
(3)
Create and maintain a special fund or funds, as additional security for the
payment of the principal of such revenue bonds and the interest thereon and any
other amounts becoming due under any agreement, entered into in connection
therewith and for the deposit therein of such revenues as shall be sufficient to
make such payment as the same shall become due and payable;
(4)
Create and maintain such other special funds as may be required by the
authority; and
(5)
Perform such other acts, including the conveyance of real and personal property
together with all right, title, or interest therein to the authority, or take
other actions as may be deemed necessary or desirable by the authority to secure
the payment of the principal of and interest on such bonds, revenue bonds,
notes, or other obligations and to provide for the remedies of the authority in
the event of any default by such local government in such payment.
(c)
All local governments issuing and selling bonds, revenue bonds, notes, or other
obligations to the authority are authorized to perform such acts, take such
action, adopt such proceedings, and to make and carry out such contracts with
the authority as may be contemplated by this chapter.
(d)
In connection with the making of any loan authorized by this chapter, the
authority may fix and collect such fees and charges including, but not limited
to, reimbursement of all costs of financing by the authority, as the authority
shall determine to be reasonable. Neither the Public Service Commission nor any
local government or state agency shall have jurisdiction over the authority's
power over the regulation of such fees or charges.
50-32-53.
(a)
No local government which, upon the activation of a special district created by
this chapter, fails or refuses to plan, coordinate, and implement local
government services in such special district as provided for in this chapter and
authorized pursuant to a resolution of the authority shall be eligible for any
state grant of any kind whatsoever except such grants as may be related directly
to the physical and mental health, education, and police protection of its
residents, nor shall any funds appropriated to or otherwise obtained by the
Department of Transportation pursuant to Article III, Section IX, Paragraph
VI(b) of the Constitution of this state and paragraphs (2) and (7) of subsection
(a) of Code Section 32-2-2 be utilized for designation, improvement, funding, or
construction of any land public transportation system or any part of the state
highway system lying within the boundaries of such local government's
jurisdiction, or for the nonsafety related maintenance of any land public
transportation system, highway, road, or bridge operating or located within such
local government's jurisdictional boundaries, nor shall such local government be
permitted to receive federal grants or funds for any such purpose, unless such
funds are within categories applicable to state-wide inspection or improvement
required for compliance with federal law or regulation.
(b)
By resolution, the authority may restore eligibility for funding and receipt of
grants denied pursuant to the provisions of subsection (a) of this Code section
where such local government demonstrates to the satisfaction of the authority
that it is taking or shall take appropriate action to cooperate with the
authority.
50-32-54.
(a)
In the event of a failure of any local government to collect and remit in full
all amounts due to the authority and all amounts due to others, which involve
the credit or guarantee of the authority or of the state, on the date such
amounts are due under the terms of any bond, revenue bond, note, or other
obligation of the local government, it shall be the duty of the authority to
notify the state treasurer who shall withhold all funds of the state and all
funds administered by the state, its agencies, boards, and instrumentalities
allotted to such local government, excluding funds for education purposes, until
such local government has collected and remitted in full all sums due and cured
or remedied all defaults on any such bond, revenue bond, note, or other
obligation.
(b)
Nothing contained in this Code section shall mandate the withholding of funds
allocated to a local government which would violate contracts to which the state
is a party, the requirements of federal law imposed on the state, or judgments
of any court binding the state.
ARTICLE
5
50-32-60.
The
prohibition of expenditures or withholding of funds for public road or other
public transportation purposes by the authority pursuant to any provision of
this chapter shall not alter the Department of Transportation's budgeted or
programmed allocation of state or federal funds among congressional districts
pursuant to Code Section 32-5-30.
ARTICLE
6
50-32-70.
This
chapter, being for the welfare of this state and its inhabitants, shall be
liberally construed to effect the purposes specified in this
chapter.
50-32-71.
No
provision of Chapter 7 of Title 46 shall apply to any bus, other motor vehicle,
or rapid rail system of the authority which provides transit
services."
SECTION
2.
(a)
This section and Section 3 of this Act and subsections (a) and (b) of Code
Section 50-32-4 as amended by this Act shall become effective upon its approval
by the Governor or upon its becoming law without such
approval.
(b) All other provisions of this Act shall become effective on July 1, 2012.
(b) All other provisions of this Act shall become effective on July 1, 2012.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.