Georgia § 32-10-121 - Creation; governance; corporate purpose; types of accounts.
Full text of Georgia Official Code of Georgia Annotated § 32-10-121 — Creation; governance; corporate purpose; types of accounts., with citation guidance and answers to common questions.
§ 32-10-121. Creation; governance; corporate purpose; types of accounts.
There shall be created within the State Road and Tollway Authority an instrumentality of the state to be known as the Georgia Transportation Infrastructure Bank. The bank shall be governed by the board of the State Road and Tollway Authority as provided in this chapter. The corporate purpose of the bank is to assist in financing qualified projects by providing loans and other financial assistance to government units for constructing and improving highway and transportation facilities necessary for public purposes, including economic development. The exercise by the bank of a power conferred in this part is an essential public function. The bank shall establish and maintain at least the four following accounts in the authority fund: State and local roadway account; State and local nonroadway account; Federal roadway account; and Federal nonroadway account. (Code 1981, § 32-10-121 , enacted by Ga. L. 2008, p. 73, § 2/HB 1019.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 32-10-121
What does Official Code of Georgia Annotated § 32-10-121 cover?
Section 32-10-121 ("Creation; governance; corporate purpose; types of accounts.") 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 § 32-10-121?
A common citation format is "Official Code of Georgia Annotated § 32-10-121" (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 § 32-10-121 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.