§ 2-412. Fixing of rentals and other charges.

The authority is hereby authorized to fix rentals and other charges, which any department, board, commission, or agency of the State of Georgia, governmental subdivisions or municipal corporations thereof, or other persons, firms, or corporations, shall pay to the authority for the use of each project, or part thereof or combination of projects, and to charge and collect the same and to lease and make contracts with any lessee with respect to the use by an institution or unit under its control of any project or part thereof. Such rentals and other charges shall be so fixed and adjusted in respect to the aggregate thereof from the project or projects for which a single issue of revenue bonds is used as to provide a fund sufficient with other revenues of such project or projects, if any, to pay:

(1)

The cost of maintaining, repairing and operating the project or projects, including reserves for extraordinary trust indentures, unless such cost shall be otherwise provided for, which cost shall be deemed to include the expenses incurred by the authority on account of the project or projects for water, light, sewer and other services furnished by other facilities at such institution; and

(2)

The principal of the revenue bonds and the interest thereon as the same shall become due.

(1980 Ga. Laws (Act No. 1373), page 4488, § 27)