36-44-13. Payment of redevelopment costs.

Active

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Payment of redevelopment costs may be made by any of the following methods or any combination thereof:
(1)
Payment by the political subdivision from the special fund of the tax allocation district;#
(2)
Payment from the general funds of a political subdivision subject to the limitations of Code Sections 36-44-9 and 36-44-20;#
(3)
Payment out of the proceeds of the sale of revenue bonds issued by the political subdivision pursuant to Chapter 61 of this title, the “Urban Redevelopment Law,” and revenue bonds may be issued under such law for redevelopment purposes within the meaning of this chapter;#
(4)
Payment out of the proceeds of the sale of tax allocation bonds issued by the political subdivision under this chapter;#
(5)
Payment from the proceeds from any loans made to a political subdivision pursuant to the authority of Code Section 36-44-16; and#
(6)
Lease payments and other payments pursuant to contracts under a redevelopment plan.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 36-44-13, enacted by Ga. L. 2009, p. 158, § 2/HB 63.

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Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t35-t36-ch1-59-(v27)-2025-pdf.pdf, Volume V27, 2025 edition, page 932; merge action: bound only; file SHA-256 6c7b6bcea397.