GA HB866

Creates the Pike County 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 use by Pike County, the Pike County School District, and any municipality or political subdivision within Pike County.

Establishes a 5-member board appointed by the Pike County Board of Commissioners, with no more than 3 members being commissioners; non-commissioner 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 revenues, rents, and earnings — not constituting a debt or pledge of credit of the state, Pike County, or any local political subdivision — with bonds and income exempt from all state taxation.

Grants the authority broad powers including acquiring property, entering contracts and leases, borrowing money, pledging revenues, accepting grants from state and federal sources, issuing refunding bonds, and exercising police powers over its projects, which may include utilities, broadband, natural gas distribution, and telecommunications infrastructure.

Provides the authority with the same tort immunity as Pike County, exempts its property from levy and sale, designates all funds received as trust funds, and requires that upon dissolution all property be conveyed to Pike County.