Title 50, Chapter 17, Section 21
As used in this article, the term:
(1) "Commission" means the Georgia State Financing and Investment
Commission as defined by Article VII, Section IV, Paragraph VII of
the Constitution, consisting of the Governor, the President of the
Senate, the Speaker of the House of Representatives, the state
auditor, the Attorney General, the director of the Office of
Treasury and Fiscal Services, and the Commissioner of Agriculture,
and declared an agency and instrumentality of the state.
(2) "Constitution" means the Constitution of the State of Georgia
(3) "Financial advisory matters" means all matters pertaining to
the issuance of state debt and state authority bonds and the
investment of funds created by the issuance of such debt or bonds
and the performing of ministerial services in connection with the
issuance, marketing, and delivery of all such debt or bonds.
Financial advice shall include the development and recommendation
to state authorities of a financial plan which will provide state
authorities with required funds.
(4) "Fiscal officer of the state" means the director of the Office
of Treasury and Fiscal Services or such other officer as may be
designated by a valid Act of the General Assembly to perform the
functions of such director with respect to public debt.
(5) "General obligation debt" means obligations of this state
issued pursuant to this article to acquire, construct, develop,
extend, enlarge, or improve land, waters, property, highways,
buildings, structures, equipment, or facilities of the state, its
agencies, departments, institutions, and those state authorities
which were created and activated prior to the amendment to Article
VII, Section VI, Paragraph I(a) of the Constitution of 1945,
adopted November 8, 1960, for which the full faith, credit, and
taxing power of the state are pledged for the payment thereof.
"General obligation debt" also means obligations of this state
issued to provide educational facilities for county and
independent school systems and to provide public library
facilities for county and independent school systems, counties,
municipalities, and boards of trustees of public libraries or
boards of trustees of public library systems. "General obligation
debt" further means debt incurred to make loans to counties,
municipal corporations, political subdivisions, local authorities,
and other local governmental entities for water or sewerage
facilities or systems.
(6) "Guaranteed revenue debt" means revenue obligations issued by
an instrumentality of the state pursuant to this article to
finance toll bridges, toll roads, and any other land public
transportation facilities or systems and water and sewer
facilities or to make or purchase, or lend or deposit against the
security of, loans to citizens of the state for educational
purposes, the payment of which has been guaranteed by the state as
provided in this article.
(7) "Public debt" means any debt authorized by Article VII,
Section IV of the Constitution.
(8) "Sinking fund" means the State of Georgia General Obligation
Debt Sinking Fund established by this article.
(9) "State authorities" means the following instrumentalities of
the state: Georgia Building Authority, Georgia Building Authority
(Hospital), Georgia Building Authority (Penal), Georgia Building
Authority (Markets), Georgia Education Authority (Schools),
Georgia Education Authority (University), Georgia Highway
Authority, State Road and Tollway Authority, Georgia Ports
Authority, Georgia Development Authority, Jekyll Island--State
Park Authority, Stone Mountain Memorial Association, North Georgia
Mountains Authority, Lake Lanier Islands Development Authority,
Groveland Lake Development Authority, Georgia Higher Education
Assistance Authority, the Georgia Housing and Finance Authority,
and other instrumentalities of the state created by the General
Assembly and authorized to issue debt and not specifically exempt
from this article.