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GA HB924
Bill
Status
Introduced
2/13/2018
Primary Sponsor
Trey Rhodes
Click for details
AI Summary
- Amends the definition of "undertaking" in Georgia's revenue bond law (Code Section 36-82-61) to add "transmission" to the list of electric system components covered, making the definition cover electric generating, transmission, and distribution systems
- Removes the existing election requirement from the definition section and relocates it to a new standalone Code Section 36-82-61.1
- Requires revenue certificates issued to buy, construct, extend, operate, or maintain electric generating, transmission, and distribution systems to be authorized by a majority vote at an election in the affected county, municipal corporation, or political subdivision before being undertaken
- Elections must follow the same procedures used for issuing bonds in the affected jurisdiction and must be called by the officers in charge of that jurisdiction's fiscal affairs
- Allows the General Assembly to exempt any specific county, municipal corporation, or political subdivision from the election requirement through a local act
Legislative Description
Local government; revenue bonds; revise definition of undertaking
Last Action
House Second Readers
2/15/2018
Full Bill Text
No bill text available