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GA HB875
Bill
Status
Passed
6/30/2020
Primary Sponsor
Randy Nix
Click for details
AI Summary
- Authority members' compensation set at $100.00 per meeting attended, with the annual cap increased to $3,000.00 per member per calendar year
- Expands the definition of "project" to include waste treatment facilities such as treatment plants and lagoons both within and outside Carroll County's territorial boundaries, and adds sanitary sewer system operations
- Increases the maximum allowable interest rate on revenue bonds issued by the authority to 9% per annum, with bonds maturing no more than 40 years from their date of issuance
- Aligns the authority's revenue bond provisions with Georgia's current Revenue Bond Law (Article 3 of Chapter 82 of Title 36, O.C.G.A.) and explicitly permits other debt instruments allowed by law
- Authorizes the authority to buy or sell water products and services to customers, governmental agencies, or governmental instrumentalities of adjoining states, provided federal or adjoining state laws do not prohibit or tax such activity
Legislative Description
Carroll County Water Authority; increase annual compensation cap for members
Last Action
Effective Date
6/30/2020
Full Bill Text
No bill text available