§ 1. Rabun County Building Authority created.

There is created a public body corporate and politic to be known as the Rabun County Building Authority, herein called "the Authority," which shall be an instrumentality and a public corporation of the State of Georgia, the purpose of which shall be to acquire, construct, and equip self-liquidating projects, including, but not limited to, buildings, sanitary and surface water sewers, streets, roads and public facilities of every nature, type and character, for use by Rabun County or the Rabun County School District for their governmental, proprietary, public, administrative and educational functions and Rabun County and the Rabun County School District are granted the right and power by proper resolution of their governing authorities to sell or lease to the Authority lands and buildings owned by them. The Authority shall not be a state institution, nor a department or agency of the state, but shall be an instrumentality of the state, a mere creation of the state, having distinct corporate entity and being exempt from the provisions of Article 2 of Chapter 17 of Title 50 of the O.C.G.A., the "Georgia State Financing and Investment Commission Act." The Authority shall have its principal office in Rabun County, and its legal situs or residence for the purposes of this chapter shall be Rabun County.

(2010 Ga. Laws (Act #566), § 1)