§ 2-225. Restrictions on powers.  


Latest version.
  • The commission shall be a corporate body specially created by this Act of the General Assembly. The commission shall not exercise any governmental powers. The purposes for which the commission is organized are exclusively charitable and educational within the meaning of Section 501(c)(3) of the Internal Revenue Code or the corresponding provisions of any future Internal Revenue Code and are, as stated in Section 2 and 3 [sections 2-222 and 2-223] of this Act, to conduct and carry on other such activities as are compatible with the principal purpose and goal of the commission and to conduct all said business as principal, agent, or otherwise as permitted by Georgia law.

(1988 Ga. Laws (Act No. 820, page 3569; 2003 Ga. Laws (Act No. 85, page 3672, § 1(5); 2007 Georgia Laws (Act No. 316), page 4307, § 1(5))