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GA HB976
Bill
Status
Passed
6/30/2020
Primary Sponsor
Jan Tankersley
Click for details
AI Summary
- Creates the Bulloch County Public Facilities Authority as a political subdivision and public corporation with perpetual existence, governed by 3 members appointed by the Board of Commissioners of Bulloch County to 2-year terms
- Authorizes the authority to acquire, construct, equip, operate, and maintain public buildings, facilities, and equipment necessary for the efficient operation of Bulloch County government, and to issue revenue bonds under Georgia's Revenue Bond Law to finance such projects
- Prohibits the authority from issuing revenue bonds to finance projects for the Bulloch County School District or any other political subdivision or municipal corporation within Bulloch County other than Bulloch County itself
- Revenue bonds do not constitute a debt of Bulloch County or the State of Georgia and are payable solely from project revenues, intergovernmental contract payments, and other authority earnings; the authority's income, properties, and obligations are exempt from all state and local taxes
- Grants the authority the same tort immunity as Bulloch County and provides that upon dissolution, all authority assets revert to the county
Legislative Description
Bulloch County Public Facilities Authority Act; enact
Last Action
Effective Date
6/30/2020
Full Bill Text
No bill text available