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GA SB637
Bill
Status
Passed
4/25/2022
Primary Sponsor
Matt Brass
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AI Summary
- Creates the City of Senoia Building and Facilities Authority as a public body corporate and instrumentality of the State of Georgia, authorized to acquire, construct, equip, maintain, and operate buildings and facilities for use by the City of Senoia, Coweta County, or the State of Georgia
- Authority consists of 5 members appointed by the Senoia mayor and council, including the mayor and one councilmember serving concurrent terms, with remaining members serving 3-year terms; 3 members constitute a quorum
- Authorizes the authority to issue tax-exempt revenue bonds payable solely from the authority's revenues, rents, and earnings, with no debt obligation incurred by the City of Senoia, Coweta County, or the State of Georgia
- Authority property is exempt from taxes, assessments, levy, and sale under legal process, though sales and use tax exemptions do not apply; the authority has the same tort immunity as a Georgia county
- Upon dissolution and full payment of bonded indebtedness, all authority property transfers to the City of Senoia, and operations are limited to within Senoia's jurisdictional boundaries
Legislative Description
City of Senoia Building and Facilities Authority; create
Last Action
Effective Date 2022-04-25
4/25/2022
Committee Referrals
Intragovernmental Coordination3/28/2022
State and Local Governmental Operations3/25/2022
Full Bill Text
No bill text available