GA HB206

Authorizes downtown development authorities and development authorities in Georgia to finance qualifying improvements including energy efficiency, water conservation, renewable energy, and resiliency upgrades on commercial properties through a new Commercial Property Assessed Conservation, Energy, and Resiliency (C-PACER) program

Allows cities and counties to impose voluntary special assessments on qualifying commercial, industrial, agricultural, or multifamily residential properties (5+ units) to repay the cost of qualifying improvements, with assessment liens carrying the same priority as ad valorem tax liens

Requires written consent from all existing lien, mortgage, or security deed holders before an assessment agreement can be executed, and caps total property debt at 80% of fair market value and assessment financing at 25% of fair market value

Permits authorities to issue revenue bonds, notes, or other obligations with maturities up to 40 years to finance qualifying improvements, with no cap on the total amount issued and no application of state usury laws or interest rate limits

Limits local government financial exposure by requiring that all obligations under intergovernmental assessment agreements be payable solely from assessment proceeds, with no pledge of full faith and credit or other public moneys