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GA SB478
Bill
Status
5/8/2018
Primary Sponsor
Elena Parent
Click for details
AI Summary
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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
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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
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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
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Exempts the authority's income, properties, and revenue bonds from all state and local taxes and special assessments
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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