Title 2, Chapter 10, Section 2
( 2-10-2)
As used in this article, the term: (1) "Authority" means the Georgia Building Authority (Markets),
formerly known as the "Georgia Farmers Market Authority." All
references in this article or in any lease, contract, or other
agreement to "Georgia Farmers Market Authority" or "authority"
shall be construed to mean the Georgia Building Authority
(Markets) and such change in name of the authority shall in no way
affect the identity of the authority or the rights, powers,
privileges or liabilities of the authority or any person under
this article. (2) "Bonds" or "revenue bonds" means any bonds issued by the
authority under this article, including refunding bonds. (3) "Cost of the project or projects" means: (A) The cost of construction; (B) The cost of all land, properties, franchises, and rights in
property; (C) The cost of all machinery and equipment necessary for
operation of a project; (D) Financing charges; (E) Interest prior to and during construction; (F) The cost of engineering and architectural services, plans
and specifications, surveys, and supervision; (G) Legal expenses; (H) Expenses necessary or incident to determining the
feasibility or practicability of the project; (I) Administrative expenses; (J) Fiscal expenses and such other expenses as may be necessary
or incident to the financing authorized by this article; (K) The expense of construction of any action permitted by this
article with respect to a particular project and the placing of
the same in operation; and (L) Any other expense authorized by this article to be incurred
by the authority which is incurred with respect to any action as
regards a particular project. In addition, any obligation or expense incurred for any of the
purposes listed in this paragraph shall be regarded as a cost of
the project and may be paid or reimbursed as such out of the
proceeds of bonds issued under this article for such project or
group of projects. (4) "Farmers' market" means any place located within this state
where farmers may bring or send to sell, exhibit, or transship,
and buyers may come to buy, inspect, or transport any product of
husbandry or agriculture, including, without limitation, the
produce of field and farm, livestock, poultry, and the like. The
term shall include all real and personal property, buildings,
warehouses, storage facilities, barns, exhibition halls, and other
structures, facilities, utilities, parking areas, streets, tracks,
and other appurtenances of every kind and character used or useful
at such place in promoting the buying and selling of agricultural
and farm products. The term shall also include not only such
places as may now or hereafter exist, but also those which may be
planned, built, or constructed by the authority and those to which
the authority has undertaken or agreed to undertake any action
permitted by this article. (5) "Project" means one or more farmers' markets, either existing
or planned by the authority, as to which the authority has
undertaken or agreed to undertake any action permitted by the
terms of this article, or as to which any such action has been
completed by the authority. (6) "Self-liquidating," as used in reference to a project or group
of projects, means a project or group of projects from which the
revenues, rents, and earnings derived by the authority, in the
judgment of the authority, will be sufficient to pay the principal
of and interest on bonds which may be issued for the cost of such
project or group of projects plus the cost of maintaining,
repairing, and operating such projects and any other lawful
expenses of the authority. |