Georgia § 36-44-16 - Loans for financing redevelopment costs.
Full text of Georgia Official Code of Georgia Annotated § 36-44-16 — Loans for financing redevelopment costs., with citation guidance and answers to common questions.
§ 36-44-16. Loans for financing redevelopment costs.
As an additional source for financing redevelopment costs, a political subdivision or its redevelopment agency may borrow funds from financial institutions and, in connection therewith, may pledge or assign lease contracts or revenue received from lease contracts on property owned by the political subdivision or its redevelopment agency within a redevelopment area. A political subdivision or its redevelopment agency is authorized to enter into contracts with financial institutions for the purpose of exercising the authority provided by this Code section, and such contracts may obligate the political subdivision or its redevelopment agency for any number of years not exceeding 25. Contractual obligations incurred by a political subdivision pursuant to this Code section shall not constitute debt within the meaning of Article IX, Section V of the Constitution. (Code 1981, § 36-44-16 , enacted by Ga. L. 2009, p. 158, § 2/HB 63.)
Frequently Asked Questions About Georgia § 36-44-16
What does Official Code of Georgia Annotated § 36-44-16 cover?
Section 36-44-16 ("Loans for financing redevelopment costs.") 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 § 36-44-16?
A common citation format is "Official Code of Georgia Annotated § 36-44-16" (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 § 36-44-16 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.