Loan funds may be used only for privately owned or publicly owned/privately leased fixed assets (i.e. land, buildings, leasehold improvements or machinery and equipment). Transactions may require the participation of a local-government development authority as a conduit for the loan funds.
Ga. Comp. R. & Regs. R. 110-25-1-.06
O.C.G.A. Secs. 50-8-8, 50-26-5, 50-26-8, 50-26-18.