---
title: O.C.G.A. § 8-4-12. Investment in projects; acquisition, development, and sale of lands and improvements in project areas.
collection: code
id: 8-4-12
cite_as: O.C.G.A. § 8-4-12 (2025)
canonical_url: https://georgiacommons.org/code/8-4-12
md_url: https://georgiacommons.org/code/8-4-12.md
text_url: https://georgiacommons.org/code/8-4-12/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=1084
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/8-4.md
previous: https://georgiacommons.org/code/8-4-11.md
next: https://georgiacommons.org/code/8-5-1.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: BUILDINGS AND HOUSING / CLEARANCE AND REHABILITATION OF BLIGHTED AREAS
---

# O.C.G.A. § 8-4-12. Investment in projects; acquisition, development, and sale of lands and improvements in project areas.

Notwithstanding any restriction or limitation on investments contained in any other laws of this state, any building and loan association, any savings and loan association, any investment company, or any insurance company or association is authorized:

(1) To invest its funds in projects contemplated by this chapter;

(2) To acquire and hold land;

(3) To acquire or erect apartment, tenement, or other dwelling houses, not including hotels but including accommodations for retail stores, shops, offices, and other community services reasonably incidental to such projects; to own, maintain, manage, and collect or receive income from such apartment, tenement, or other dwelling houses; and

(4) To sell or convey such land and the improvements thereon.

## History

Ga. L. 1946, p. 157, § 10; Ga. L. 1951, p. 683, § 6.