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GA HB1472
Bill
Status
Engrossed
3/18/2024
Primary Sponsor
Matthew Gambill
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AI Summary
- Authorizes the creation of one or more community improvement districts (CIDs) within Bartow County and its municipalities to fund infrastructure such as streets, parks, storm-water systems, water systems, public transportation, and parking facilities
- Requires activation through a resolution by the relevant governing authority and written consent from a majority of property owners representing at least 75% of the taxable property value within the proposed district
- Allows the board to levy taxes, fees, and assessments on nonresidential real property up to 5 mills, excluding residential, agricultural, forestry, and tax-exempt properties; Bartow County collects the levy and retains a 1% fee capped at $25,000 per year
- Each district is governed by a minimum seven-member board, with two members appointed by Bartow County (or the municipality if entirely within one), and the remaining members elected by commercial property owners through a caucus of electors
- Districts may incur debt backed by their own full faith and credit, issue bonds with maturities up to 40 years, and may be dissolved upon approval by two-thirds of property owners representing at least 75% of assessed value, with dissolution taking effect only after all debt obligations are satisfied
Legislative Description
Bartow County Community Improvement Districts Act; enact
Last Action
Senate Read and Referred
3/20/2024
Committee Referrals
State and Local Governmental Operations3/20/2024
Intragovernmental Coordination3/13/2024
Full Bill Text
No bill text available