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GA HB892
Bill
Status
Passed
4/10/2014
Primary Sponsor
Mike Dudgeon
Click for details
AI Summary
- Creates a community improvement district in a defined area of Forsyth County, Georgia, to provide governmental services including street and road construction, parks, storm water and sewage systems, water infrastructure, public transportation, and parking facilities
- Requires activation through a resolution by the Forsyth County Board of Commissioners and written consent from a majority of property owners representing at least 75 percent of taxable property value within the district
- Establishes a seven-member governing board with one member appointed by the Forsyth County Board of Commissioners, three elected by property owner electors, and three elected by equity electors (weighted by property value at $1,000 per vote)
- Authorizes the board to levy taxes, fees, and assessments up to 5 mills only on nonresidential real property, excluding residential, agricultural, forestry, and tax-exempt properties, with Forsyth County collecting the levies for a fee of 1 percent (capped at $25,000 per year)
- Gives the district a 10-year life span with unlimited 10-year extensions available by majority vote, and authorizes the district to issue general obligation bonds (maturing in up to 40 years) backed by the district's full faith and credit but not by the State of Georgia or other governmental units
Legislative Description
Forsyth County Community Improvement District Act; enact
Last Action
Effective Date
4/10/2014
Full Bill Text
No bill text available