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GA SB162
Bill
Status
Engrossed
3/7/2019
Primary Sponsor
Matt Brass
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AI Summary
- Expands the scope of downtown development authorities and development authorities to include disaster mitigation improvements and broadband services infrastructure as eligible projects for property owner financing
- Defines "broadband services infrastructure" as wired or wireless service capable of transmitting data at not less than 25 Mbps downstream and 3 Mbps upstream, providing internet access or computer processing/storage services
- Defines "disaster mitigation improvements" as improvements reducing natural disaster damage to property, including those reducing repetitive losses recognized by NFIP, FEMA, or recommended by the IBHS FORTIFIED program
- Authorizes development authorities to finance broadband infrastructure installation from public rights of way to residential structures on abutting property, while preserving loan servicers' ability to adjust monthly escrow amounts for assessments
- Requires the Department of Community Affairs to promulgate best practices guidance for local communities, including consumer protections and definitions of eligible projects, by no later than December 31, 2019
Legislative Description
Local Government; disaster mitigation improvements and broadband services infrastructure; downtown development authorities; provide
Last Action
House Withdrawn, Recommitted
6/25/2020
Full Bill Text
No bill text available