Georgia § 12-3-250 - Subdivision, improvement, lease, or sale of island by authority - Conversion prices of lots.
Full text of Georgia Official Code of Georgia Annotated § 12-3-250 — Subdivision, improvement, lease, or sale of island by authority - Conversion prices of lots., with citation guidance and answers to common questions.
§ 12-3-250. Subdivision, improvement, lease, or sale of island by authority - Conversion prices of lots.
Immediately upon the approval of this part, or as soon thereafter as practicable, the authority shall prepare and publish a conversion price for each residential lot then under lease, stating the price at which the lot may be purchased from the authority. Thereafter the authority shall publish at the same time and in the same manner as schedules of lease rentals are published, as required by Code Section 12-3-249, a conversion price for each residential lot that is available for lease. The conversion price for residential lots shall not be less than the appraised value of such lots, taking into consideration the market value of comparable resort property in Glynn County, as determined by an appraisal or appraisals made or to be made by the Glynn County Real Estate Board. Every lease which the authority may grant for a residential lot shall contain therein the conversion price at which the lot may be purchased. (Ga. L. 1957, p. 608, § 4.)
Frequently Asked Questions About Georgia § 12-3-250
What does Official Code of Georgia Annotated § 12-3-250 cover?
Section 12-3-250 ("Subdivision, improvement, lease, or sale of island by authority - Conversion prices of lots.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 12-3-250?
A common citation format is "Official Code of Georgia Annotated § 12-3-250" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 12-3-250 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.