Title 46, Chapter 4, Section 81
As used in this article, the term:
(1) "Authority" means the Municipal Gas Authority of Georgia and
any successor thereto. Any change in name or composition of the
authority shall in no way affect the vested rights of any person
under this article or impair the obligations of any contracts
existing under this article.
(2) "Bond anticipation notes" or "notes" means obligations issued
after validation of bonds and in anticipation of the issuance of
the bonds as validated.
(3) "Bonds" or "revenue bonds" means any bonds issued by the
authority under this article, including refunding bonds.
(4) "Cost of project" or "cost of construction" means all costs of
construction; all costs of real and personal property required for
the purposes of such project and facilities related thereto,
including land and any leases, rights or undivided interest
therein, easements, franchises, water rights, fees, permits,
approvals, licenses, and certificates, and the securing of such
permits, approvals, licenses, and certificates and the preparation
of applications therefor, and including all machinery and
equipment, including equipment for use in connection with such
construction; financing charges; working capital; interest prior
to and during construction and during such additional period as
the authority may determine; operating expenses during such period
as the authority may determine; costs of engineering,
architectural, and legal services; costs of plans and
specifications and all expenses necessary or incidental to
determining the feasibility or practicability of the project;
costs of insurance or of self-insuring any project; administrative
expenses; amounts payable under any judgment against the
authority; disposal costs; all costs associated with acquiring
contract rights or other contractual arrangements for the
short-term or long-term provision of gas supplies, including
reserves, transmission, storage, peaking, or other services
associated therewith, including prepayments for such; and such
other expenses as may be necessary or incidental to the financing
authorized by this article. All funds paid or advanced for any of
the purposes mentioned in this paragraph by political subdivisions
contracting with the authority prior to the issuance of any of the
authority's bonds or notes may be refunded to such political
subdivisions out of the proceeds of any bonds or notes so issued.
The costs of any project may also include a fund or funds for the
creation of a debt service reserve, a renewal and replacement
reserve, and such other reserves as may be reasonably required by
the authority for the operation of its projects and as may be
authorized by any bond resolution or trust agreement or indenture
pursuant to the provisions of which the issuance of any such bonds
or bond anticipation notes may be authorized. Any obligation or
expense incurred for any of the purposes mentioned in this
paragraph 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 or notes issued under this article for such project.
(5) "Distribution" means the conveyance of gas to the ultimate consumer. (6) "Election committee" means the Municipal Gas Authority of Georgia Membership Election Committee, as created in Code Section 46-4-83.
(7) "Exploration" means the processes, properties, activities, and
facilities used for the discovery of deposits of gas, and the
study and implementation of enhanced gas recovery methods.
(8) "Gas" means either natural or synthetic gas, including
propane, manufactured, methane from coal beds, geothermal gas, or
any mixture thereof, whether in gaseous or liquid form, or any
byproduct resulting therefrom.
(9) "Production" means the physical activities, processes,
properties, and facilities for development, manufacture,
synthesis, production, coal gasification, extraction, gathering,
or storage of gas or conversion of one form of gas to another.
(10) "Project," "undertaking," or "facility" means any plant,
works, system, facility, and real and personal property of any
nature whatsoever, together with all parts thereof and
appurtenances thereto, and any contract rights, relating to the
storage, acquisition, exploration, production, distribution,
enrichment, transmission, purchase, sale, exchange, or interchange
of gas and relating to the acquisition, extraction, conversion,
transportation, storage, or reprocessing of fuel of any kind for
any such purposes, or any interest in, or right to the use,
services, enrichment, output, or capacity of any such plant,
works, system, or facilities. "Project" or "undertaking" as used
in this paragraph is intended to include contracts and contract
rights as well as tangible property.
(11) "Storage" means any process, properties, activities, or
facilities used to hold, store, or maintain gas.
(12) "System" means those properties, facilities, projects,
contractual rights, or combination thereof of the authority which
are designated by the authority as constituting a specific
combination for the purposes of financing such or for the purposes
of providing gas supplies or services to a specified group of
political subdivisions or to a specified geographic area.
(13) "Transmission" means the transfer of gas from its acquisition
site to, between, or among cities or municipal gas agencies or
other persons with whom they may contract, but does not include
distribution, except where incidental or necessary to