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GA HB1242
Bill
Status
Passed
5/1/2024
Primary Sponsor
Yasmin Neal
Click for details
AI Summary
- Creates the Clayton County Public Facilities Authority as a public body corporate and political subdivision of Georgia with perpetual existence, tasked with financing and providing facilities, equipment, and services for Clayton County, the Clayton County School System, and municipalities within the county
- Authority governed by 5 members appointed by the Board of Commissioners of Clayton County, serving staggered initial terms of 1–3 years and 3-year terms thereafter; members must be at least 21 years old, residents of Clayton County for at least 2 years, and not convicted of a felony
- Authority is empowered to issue revenue bonds under Georgia's Revenue Bond Law to finance self-liquidating projects, but bonds for the school system or any municipal corporation require approval from the Board of Commissioners of Clayton County
- Revenue bonds do not constitute a debt of the county, school system, any municipality, or the state, and do not pledge the faith and credit of those entities; the authority's income, properties, and obligations are exempt from all state and local taxes
- Authority receives the same tort immunity as Clayton County, and upon dissolution, all authority assets revert to the county unless a project agreement provides otherwise
Legislative Description
Clayton County Public Facilities Authority; create
Last Action
Effective Date 2024-05-01
5/1/2024
Committee Referrals
State and Local Governmental Operations2/21/2024
Intragovernmental Coordination2/13/2024
Full Bill Text
No bill text available