Title 10, Chapter 9, Section 5
( 10-9-5)
The authority is authorized and directed to contract with the
Department of Industry, Trade, and Tourism to exercise on behalf of
the department such future responsibility in connection with the
acquisition, construction, operation, management, and maintenance of
the project as is now or may be vested in the department; and the
Department of Industry, Trade, and Tourism is authorized by such
contract to delegate to the authority all of its responsibilities
and powers with respect to the project and to transfer to the
authority any and all contracts, plans, documents, or other papers
of said department relating to the project, together with any and
all funds heretofore or hereafter appropriated to it for the
acquisition, construction, operation, management, or maintenance of
the project or for all other purposes related to the project, other
than appropriations made specifically for debt service purposes, as
compensation to the authority under such contract. Under contract
with the Department of Industry, Trade, and Tourism, as herein
authorized, the authority on behalf of the Department of Industry,
Trade, and Tourism shall plan, construct, erect, acquire, own,
repair, remodel, maintain, add to, extend, improve, equip, operate,
and manage the project, as hereinabove defined, on property owned by
or leased by the State of Georgia in the City of Atlanta, Georgia,
the cost of any such project to be paid in full or in part from the
proceeds of general obligation bonds issued by the State of Georgia
as the General Assembly may authorize or from such proceeds and
other funds as may be available for such purposes, including any
grant from the United States of America or any agency or
instrumentality thereof. All actions of the authority and the
Department of Industry, Trade, and Tourism, or their predecessors,
heretofore taken in connection with such contractual relationship,
are ratified and confirmed and shall not be affected by any
provision of this chapter. Nothing herein shall affect the powers or
duties of the Georgia State Financing and Investment Commission or
of the State Properties Commission. Nothing in this Code section
nor anything in any contract between the authority and the
Department of Industry, Trade, and Tourism shall prevent the
Department of Industry, Trade, and Tourism from contracting with the
Georgia Building Authority for the provision of a parking facility
or for any other exercise of its powers necessary or convenient to
the department. |