Bylaws of Georgia Tech Facilities, Inc., Amended and Restated February 27, 2002

Developed in preparation for reaffirmation of accreditation by the Commission on Colleges of the Southern Association of Colleges and SchoolsGeorgia Tech Facilities, Inc. shall promote and support the Georgia Institute of Technology and erect such suitable buildings and other facilities as may be appropriate to the needs and goals of the Institute. The business and affairs of the Corporation shall be managed by the Board of Directors. The Board of Directors shall have authority, on behalf of the Corporation, to incur indebtedness, to authorize the issuance of bonds and to pledge the receipts, credit and property of the Corporation as security or collateral for the payment of its debts