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GA HB1493
Bill
Status
Passed
6/2/2010
Primary Sponsor
Jay Roberts
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AI Summary
- Creates the Public Facilities Authority of Telfair County as a public body corporate and politic to finance, acquire, construct, and operate public facilities and infrastructure within the county, including utilities, emergency facilities, airports, courthouses, libraries, and recreational facilities
- Initial members are drawn from the existing Development Authority of Telfair County; subsequent members are appointed by the Telfair County Board of Commissioners for terms running concurrently with commissioners' terms
- Authorizes the authority to issue negotiable revenue bonds and other obligations to fund capital projects, with such obligations payable solely from designated authority revenues and explicitly not constituting a debt or general obligation of any other public body
- Grants the authority broad powers including acquiring and disposing of property, entering into contracts and leases of up to 50 years, setting rates and fees, accepting grants and loans, and entering into interest rate management and credit enhancement agreements
- Exempts the authority's property from taxation and its bonds from state taxation, grants the authority the same tort immunity as Telfair County, and prohibits the authority from imposing taxes or exercising eminent domain
Legislative Description
Public Facilities Authority of Telfair County Act; enact
Last Action
Effective Date
6/2/2010
Committee Referrals
State and Local Governmental Operations4/20/2010
Intragovernmental Coordination - Local4/12/2010
Full Bill Text
No bill text available