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GA HB806
Bill
Status
Passed
5/7/2018
Primary Sponsor
Tommy Benton
Click for details
AI Summary
- Creates the Town of Braselton Public Facilities Authority as a public body corporate to promote the general welfare of Braselton citizens by providing facilities, equipment, and services in the most efficient means possible
- Authority consists of 5 members appointed by the mayor and council of Braselton for 3-year terms; members must be at least 21 years old, residents of Braselton for at least 2 years, and may not be the mayor or councilmembers
- Grants the authority power to issue negotiable revenue bonds under Georgia's Revenue Bond Law to finance the acquisition, construction, equipping, and improvement of public projects, with contracts and agreements allowed for terms up to 50 years
- Revenue bonds and notes are limited obligations payable solely from authority revenues and do not constitute a debt or pledge of credit of the State of Georgia or the Town of Braselton; the authority has no power to impose taxes
- Authority receives the same tort immunity as the Town of Braselton, and its property is deemed public property not subject to levy and sale under legal process
Legislative Description
Town of Braselton Public Facilities Authority Act; enact
Last Action
Effective Date
5/7/2018
Full Bill Text
No bill text available