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GA SB478

Bill

Status

Passed

5/8/2018

Primary Sponsor

Elena Parent

Click for details

Origin

Senate

2017-2018 Regular Session

AI Summary

  • Creates the City of Brookhaven Public Facilities Authority as a political subdivision of Georgia with perpetual existence, governed by the 5 members of the Brookhaven City Council serving without additional compensation

  • Authorizes the authority to acquire, construct, operate, maintain, and finance buildings, facilities, and equipment necessary for city operations, funded through revenue bonds, grants, and other sources

  • Permits issuance of revenue bonds with a maximum maturity of 40 years, payable solely from authority revenues and properties, with no pledge of state or city credit or taxing power

  • Exempts the authority's income, properties, and revenue bonds from all state and local taxes and special assessments

  • Vests exclusive jurisdiction over all legal actions related to the authority in the Superior Court of DeKalb County and grants the authority the same tort immunity as the City of Brookhaven

Legislative Description

"City of Brookhaven Public Facilities Authority Act"

Last Action

Act 533

5/8/2018

Full Bill Text

No bill text available