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GA SB489
Bill
Status
Passed
5/8/2018
Primary Sponsor
Lindsey Tippins
Click for details
AI Summary
- Amends the Act creating the Cobb-Marietta Coliseum and Exhibit Hall Authority (originally approved March 26, 1980) to restrict the authority's revenue bond issuance power
- Revenue bonds may now only be issued in connection with projects that are owned or leased by the authority and managed and operated directly by the authority for its own use
- Revises the definition of "project" to require that facilities be owned or leased by the authority and directly managed and operated by the authority for its own use
- Revenue bonds remain payable solely from a dedicated special fund, with maturities not exceeding 30 years from their date of issuance
- Sponsored by Senator Tippins of the 37th District and passed by the Georgia General Assembly
Legislative Description
Cobb-Marietta Coliseum and Exhibit Hall Authority; revenue bonds shall only be issued in connection with projects owned or lease by authority; provide
Last Action
Act 538
5/8/2018
Full Bill Text
No bill text available