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GA SB642
Bill
Status
Introduced
3/28/2022
Primary Sponsor
Donzella James
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AI Summary
- Creates the Union City Public Facilities Authority as a body corporate and politic and instrumentality of the State of Georgia, authorized to acquire, construct, equip, maintain, and operate buildings and facilities for Union City's governmental, proprietary, and administrative functions
- Establishes a 5-member board appointed by the mayor and council of Union City, with no more than 2 members from the mayor and council; non-council members serve 3-year terms, members receive no compensation but may be reimbursed for expenses, and 3 members constitute a quorum
- Authorizes the authority to issue revenue bonds payable solely from the authority's rents, revenues, and earnings — not constituting a debt or pledge of credit of the State of Georgia or Union City — and to enter into contracts, leases, and trust agreements to secure such bonds
- Exempts the authority's property and income from taxation (except sales and use tax) and grants the authority the same tort immunity as a Georgia county; authority property is not subject to levy and sale under legal process
- Limits the authority's projects to within the jurisdictional limits of Union City and provides that upon dissolution, all property reverts to Union City after full payment of bonded indebtedness
Legislative Description
"Union City Public Facilities Authority Act"; enact
Last Action
Senate Read and Referred
3/29/2022
Committee Referrals
State and Local Governmental Operations3/29/2022
Full Bill Text
No bill text available