§ 2-388. Definitions.

As used in this division the following words and terms shall have the following meanings:

(1)

The word "Authority" or "authority" [sic] shall mean the county building authority, or authorities created by this division, even though such word is used in the singular. Said authority shall be known as the building authority of ___________ County.

(2)

"Bonds" or "revenue bonds" as used in this division shall mean any bonds issued by the authority under the provisions of this division, including refunding bonds.

(3)

"County" shall mean each county in which a building authority is or may be created by this division.

(4)

The term "cost of the project" shall embrace the cost of construction; the cost of all lands, properties, rights and easements and franchises acquired; the cost of all machinery, equipment and other personal property, financing charges, interest prior to and during construction; and, for one year after completion of construction, cost of engineering, architectural and legal expenses, and of plans and specifications, and other expenses necessary or incident to determining the feasibility or practicability of the project, administrative expense; and such other expenses as may be necessary or incident to the financing herein authorized, the construction and acquisition of any project, the placing of the same in operation, and the condemnation of the property necessary for such construction, acquisition and operation. Any obligation or expense incurred for any of the foregoing purposes shall be regarded as a part of the cost of the project and may be paid or reimbursed as such out of the proceeds of revenue bonds issued under the provisions of this division for such project.

(5)

"County" shall mean each county in which a building authority is or may be created by this division.

(6)

The word "project" shall be deemed to mean and include one or a combination of two or more of the following:

a.

The acquisition, construction, furnishing, and equipping of any and all structures, buildings, electric, gas, steam, water utilities, or any other facilities of any and every type, kind, and character determined by the authority to be desirable for the efficient operation of any department, board, commission, or agency of the county, the State of Georgia, any municipal corporation lying in whole or in part in the county, or any government agency operating in the county which the county may be required by law to support financially, or the United States government or any agency or subsidiary corporation thereof, together with all necessary or useful furnishing, furniture, fixtures, decorations, appointments, art objects, machinery, equipment, parking facilities, and landscaping, all as determined by the authority, which determination shall be final and not subject to review. The term "project" shall also mean and include the acquisition, construction, furnishing, equipping, maintenance, and operation of facilities that may or will enhance the attractiveness, convenience, utility, or usefulness of any undertaking described in the immediately preceding sentence, which facilities may be leased, operated by, or otherwise made available to any public or private person, firm, or corporation, all as determined by the authority, which determination shall be final and not subject to review.

b.

Effective July 1, 1996, the word "project" shall mean only a building or facility intended for use as a juvenile court facility.

(7)

Any project or combination of projects shall be deemed "self-liquidating" if, in the judgment of the authority, the revenues to be derived by the authority from rentals of said project or projects will be sufficient to pay the cost of maintaining, repairing and operating the project and to pay the principal and interest of revenue bonds which may be issued for the cost of such project, projects, or combination of projects.

(1980 Ga. Laws (Act No. 1373), page 4488, § 3; 1982 Ga. Laws (Act No. 1379), page 5031, §§ 1, 2; 1996 Ga. Laws (Act No. 790), page 625, § 1)