---
title: O.C.G.A. § 32-10-121. Creation; governance; corporate purpose; types of accounts.
collection: code
id: 32-10-121
cite_as: O.C.G.A. § 32-10-121 (2025)
canonical_url: https://georgiacommons.org/code/32-10-121
md_url: https://georgiacommons.org/code/32-10-121.md
text_url: https://georgiacommons.org/code/32-10-121/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t32-(v23a)-2019-pdf.pdf?sfvrsn=b4b1408c_0#page=472
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/32-10.md
previous: https://georgiacommons.org/code/32-10-120.md
next: https://georgiacommons.org/code/32-10-122.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: HIGHWAYS, BRIDGES, AND FERRIES / PUBLIC AUTHORITIES / STATE ROAD AND TOLLWAY AUTHORITY / TRANSPORTATION INFRASTRUCTURE BANK
---

# O.C.G.A. § 32-10-121. Creation; governance; corporate purpose; types of accounts.

(a) There shall be created within the State Road and Tollway Authority an instrumentality of the state to be known as the Georgia Transportation Infrastructure Bank.

(b) The bank shall be governed by the board of the State Road and Tollway Authority as provided in this chapter.

(c) The corporate purpose of the bank is to assist in financing qualified projects by providing loans and other financial assistance to government units for constructing and improving highway and transportation facilities necessary for public purposes, including economic development. The exercise by the bank of a power conferred in this part is an essential public function.

(d) The bank shall establish and maintain at least the four following accounts in the authority fund:

(1) State and local roadway account;

(2) State and local nonroadway account;

(3) Federal roadway account; and

(4) Federal nonroadway account.

## History

Code 1981, § 32-10-121, enacted by Ga. L. 2008, p. 73, § 2/HB 1019.