Title 20, Chapter 2, Section 551
(a) As used in this part, the term:
(1) "Authority" means the Georgia Education Authority (Schools),
which was formerly known as the State School Building Authority.
Such change in the 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 part.
(2) "Bonds" or "revenue bonds" means any bonds issued by the
authority under this part, including refunding bonds.
(3) "Cost of the project" means the cost of construction; the cost
of all lands, properties, rights, easements, and franchises
acquired; the cost of all machinery and equipment; financing
charges; interest prior to and during construction and for one
year after completion of construction; cost of engineering;
architectural and legal expenses; cost of plans and specifications
and other expenses necessary or incident to determining the
feasibility or practicability of the project; administrative
expense; and such other expenses as may be necessary or incident
to the financing authorized in this part, the construction of any
project, the placing of it in operation, and the condemnation of
property necessary for such construction and operation. Any
obligation or expense incurred for any of the foregoing purposes
shall be regarded as a part of the cost of the project and may be
paid or reimbursed as such out of the proceeds of revenue bonds
issued under this part for such project.
(4) "Project" means one or a combination of two or more of the
following: buildings and facilities intended for use as school
buildings; classrooms; laboratories; libraries; and instructional,
administrative, and recreational facilities for students, faculty,
officers, and employees of any institution or unit under the
control of a county board of education, city board of education,
or governing bodies of independent districts or systems; and all
structures; electric, gas, steam, and water utilities; and
facilities of every kind and character deemed by the authority
necessary or convenient for the efficient operation of any unit
which is a part of any such institution, including the improving,
altering, or repairing of such unit.
(5) "Unit" shall mean any institution, school, or academy, at any
particular location, which forms a part of the public school
system of this state, operated by a county board of education,
city board of education, or governing bodies of independent
districts or systems.
(b) Any project or combination of projects shall be deemed
"self-liquidating" if, in the judgment of the authority, the
revenues, rents, or earnings to be derived by the authority
therefrom will be sufficient to pay the cost of maintaining,
repairing, and operating the project and to pay the principal and
interest of revenue bonds which may be issued for the cost of such
project, projects, or combination of projects.