Title 31, Chapter 7, Section 21
( 31-7-21)
As used in this article, the term: (1) "Authority" means the Georgia Building Authority (Hospital)
the same being formerly known as State Hospital Authority. All
references in this article to "State Hospital Authority" or
"authority" shall be construed to mean the Georgia Building
Authority (Hospital) and such change in name of the authority
shall in no way affect the identity of the authority or rights,
powers, privileges, or liabilities of the authority or any person
under this article. (2) "Bonds" or "revenue bonds" means any bonds, including revenue
bonds, issued by the authority under this article. (3) "Cost of the project" shall include 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; the cost of
engineering, architectural, and legal expenses, and 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 article;
and the construction of any project, the placing of the same in
operation, and the condemnation of property necessary for such
construction and operation. Any obligation or expense heretofore
incurred for any of the foregoing purposes shall be regarded as a
part of the cost of the project and shall be paid or reimbursed
out of the proceeds of revenue bonds issued under this article for
such project. (4) "Project" shall include hospitals, health care facilities,
dormitories, and housing accommodations for the use of patients
and officers and employees of any institution under the control of
the department or any other state agency or department, and all
utilities and other facilities deemed by the authority as
necessary or convenient for the efficient operation of any such
hospital, health care facility, dormitory, or housing
accommodation. (5) "Self-liquidating project" means a project whose revenues and
earnings, in the judgment of the authority, 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. |