This chapter may be cited as the "Georgia Development Authority Act."
(Ga. L. 1953, Jan.-Feb. Sess., p. 337, § 1; Ga. L. 1960, p. 764, § 3.)
OPINIONS OF THE ATTORNEY GENERAL
Exemption from intangible property tax.
- Georgia Development Authority is exempt from intangible tax on the authority's property including the authority's direct long term mortgage notes; of course, the holder of long term mortgage notes is not exempt from paying intangible taxes on property when the Georgia Development Authority merely guarantees or insures payment. 1963-65 Op. Att'y Gen. p. 31.