---
title: O.C.G.A. § 50-10-2. Legislative intent.
collection: code
id: 50-10-2
cite_as: O.C.G.A. § 50-10-2 (2025)
canonical_url: https://georgiacommons.org/code/50-10-2
md_url: https://georgiacommons.org/code/50-10-2.md
text_url: https://georgiacommons.org/code/50-10-2/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t49-t50-ch1-12-(v38)-2023-pdf.pdf?sfvrsn=60c992b5_0#page=836
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.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: STATE GOVERNMENT / GEORGIA DEVELOPMENT AUTHORITY
extraction_warnings:
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---

# O.C.G.A. § 50-10-2. Legislative intent.

(a) It is the purpose and intent of this chapter to provide an instrumentality to assist agricultural and industrial interests in their effort to commence, expand, or diversify their operations by providing credit and servicing functions to better enable the farmers and businessmen within this state to obtain needed capital funds and to encourage and secure financial institutions in the lending of money for such purposes.

(b) It is the purpose of this chapter to clothe the authority with corporate power to operate and to administer the funds held and received by it and to possess and operate under licenses or permits granted it by the United States or this state.

## History

Ga. L. 1957, p. 210, § 1; Ga. L. 1960, p. 764, § 1; Ga. L. 1983, p. 1026, § 1; Ga. L. 1986, p. 705, § 1.