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GA HB1174
Bill
Status
Passed
6/29/2020
Primary Sponsor
Pam Dickerson
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AI Summary
- Creates the Newton County Public Facilities Authority as a political subdivision of Georgia with perpetual existence, governed by 5 members appointed by the Newton County Board of Commissioners to serve 3-year terms after initial staggered terms of 1, 2, and 3 years
- Authorizes the authority to acquire, construct, operate, and maintain buildings, facilities, and equipment for the county, Newton County School System, or any municipality within the county, and to issue revenue bonds under Georgia's Revenue Bond Law to finance such projects
- Revenue bonds issued by the authority shall not constitute a debt of Newton County, the school system, any municipality, or the State of Georgia, and shall be payable solely from project revenues, contractual payments, and other earnings
- Requires Board of Commissioners approval before revenue bonds may be issued to finance projects for the Newton County School District or any other political subdivision or municipality within the county
- Grants the authority the same tort immunity as Newton County and exempts its income, properties, and obligations from all state and local taxes and special assessments; upon dissolution, all authority assets revert to Newton County
Legislative Description
Newton County Public Facilities Authority Act; enact
Last Action
Effective Date
6/29/2020
Full Bill Text
No bill text available