Georgia § 50-26-18 - Facilitating economic development for enterprises.
Full text of Georgia Official Code of Georgia Annotated § 50-26-18 — Facilitating economic development for enterprises., with citation guidance and answers to common questions.
§ 50-26-18. Facilitating economic development for enterprises.
Without limiting the generality of the findings and intent of the General Assembly or any provision of this chapter, the authority shall facilitate economic development for enterprises throughout the state by means that shall include, without limitation, the issuance of bonds, with or without such credit enhancement as the authority may deem appropriate; the collection of and accumulation of fees and other revenues; the establishment of debt service reserves and sinking funds; and the use of the proceeds from such bonds, funds, and reserves to make loans to enterprises, either directly to such enterprises or indirectly through a financial institution, a political subdivision, or otherwise; to acquire loans made by others to such enterprises; to establish revolving or other funds from which short-term or long-term loans can be made to such businesses; to guarantee the payment of loans or other obligations of such enterprises; and to do all things deemed by the authority to be necessary, convenient, and desirable for and incident to the efficient and proper development and operation of such types of undertakings. (Code 1981, § 50-26-18 , enacted by Ga. L. 1991, p. 1653, § 1-2; Ga. L. 1993, p. 738, § 17.)
Frequently Asked Questions About Georgia § 50-26-18
What does Official Code of Georgia Annotated § 50-26-18 cover?
Section 50-26-18 ("Facilitating economic development for enterprises.") 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 § 50-26-18?
A common citation format is "Official Code of Georgia Annotated § 50-26-18" (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 § 50-26-18 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.