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GA HB1065
Bill
Status
Passed
5/8/2018
Primary Sponsor
Tommy Benton
Click for details
AI Summary
- Authorizes the creation of one or more community improvement districts (CIDs) within the incorporated area of the City of Jefferson, Georgia, to fund infrastructure including streets, parks, storm-water/sewage systems, water systems, public transportation, and parking facilities
- Requires activation through a taxpayer petition, a City of Jefferson resolution, and written consent from a majority of nonresidential property owners representing at least 75% of assessed property value within the proposed district
- Each district is governed by a 5-member board — 2 appointed by the City of Jefferson and 3 elected by nonresidential property owners — with the board authorized to levy taxes, fees, and assessments up to 2.5% of aggregate assessed value on nonresidential real property only
- Districts may incur debt and issue general obligation bonds (maturing up to 40 years) backed by the district's full faith and credit, but not constituting an obligation of the state, city, or county; Jackson County collects district levies for a fee of 1% (capped at $25,000 per year)
- Districts may be dissolved by their boards when no debt is outstanding, at which point all property, rights, and obligations devolve to the City of Jefferson
Legislative Description
Jefferson, City of; creation of one or more community improvement districts; provide
Last Action
Effective Date
5/8/2018
Committee Referrals
State and Local Governmental Operations3/23/2018
Intragovernmental Coordination3/19/2018
Full Bill Text
No bill text available