Redevelopment Law
Georgia · 8 · §§ 8-4-1 to 8-4-9 · 12 sections
Overview
This act establishes a legal framework for the elimination and redevelopment of blighted areas, authorizing designated redevelopment authorities to prepare redevelopment plans and carry out projects within the areas those plans cover, subject to approval by the municipality in which the project lies. It equips those authorities to acquire, develop, and dispose of land and improvements — including property outside blighted areas — and to make redeveloped property available to private enterprise or public agencies by sale or lease at values determined under prescribed standards, with obligations imposed on purchasers and lessees. It also provides the financing and intergovernmental machinery for that work, authorizing federal financial aid and the pledging of security for it, treating authority bonds and other obligations as legal investments and securities, addressing the taxation of leased project property, and enabling state public bodies to cooperate in aid of redevelopment projects.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- O.C.G.A. § 8-4-1Short title
- O.C.G.A. § 8-4-10Financial aid from federal government; security for aid
- O.C.G.A. § 8-4-11Bonds and other obligations as legal investments and security
- O.C.G.A. § 8-4-12Investment in projects; acquisition, development, and sale of lands and improvements in project areas
- O.C.G.A. § 8-4-2Legislative findings and declaration of necessity
- O.C.G.A. § 8-4-3Definitions
- O.C.G.A. § 8-4-4Power of authorities to prepare redevelopment plans and to undertake redevelopment projects; scope of authorities’ powers, privileges, and immunities
- O.C.G.A. § 8-4-5Approval of redevelopment projects by cities
- O.C.G.A. § 8-4-6Power of authorities to make property available for use by private enterprise or public agencies; manner of valuation of property; obligations of purchasers and lessees
- O.C.G.A. § 8-4-7Taxation of leased property
- O.C.G.A. § 8-4-8Acquisition and development of lands not within blighted areas
- O.C.G.A. § 8-4-9Cooperation by state public bodies in aid of redevelopment projects
Enacted in other states
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