§ 20-15-4 - Purpose - Georgia Statutes

O.C.G.A. 20-15-4 (2010)
20-15-4. Purpose

The corporate purpose and the general nature of the business of the authority shall be:

(1) The provision of life sciences industry research and development and manufacturing facilities and programs based in the State of Georgia;

(2) The commercialization of biomedical and biotechnical research results;

(3) The promotion of closer ties between academic institutions of the state and the biomedical industry so as to capitalize on present and future state intellectual resources;

(4) The facilitation of the development of a life sciences industrial cluster in the State of Georgia; and

(5) The advancement of local and state economic growth.

Nothing in this chapter shall be construed to conflict with the powers and authority of the board of regents over its institutions.