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GA HB1016
Bill
Status
Passed
5/6/2024
Primary Sponsor
Roger Bruce
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AI Summary
- Creates the City of South Fulton Public Facilities Authority as a public body corporate and political subdivision of Georgia, with 5 members appointed by the city council to serve staggered terms of 1-3 years initially, then 3-year terms thereafter
- Authorizes the authority to acquire, construct, operate, and maintain public buildings, facilities, and equipment for the city, county school district, and Fulton County, with all projects required to be located within or benefit the City of South Fulton
- Grants the authority power to issue revenue bonds with a maximum maturity of 40 years to finance projects, with bond repayment solely from pledged revenues and properties rather than state or local tax obligations
- Exempts the authority's income, properties, and revenue bonds from all state and local taxation, and grants the authority the same tort immunity as the City of South Fulton
- Requires all legal actions involving the authority or bond validation to be brought in the Superior Court of Fulton County, and provides that upon dissolution, all authority assets revert to the city
Legislative Description
City of South Fulton Public Facilities Authority Act; enact
Last Action
Effective Date 2024-05-06
5/6/2024
Committee Referrals
State and Local Governmental Operations2/6/2024
Intragovernmental Coordination1/25/2024
Full Bill Text
No bill text available