GA HB1027

Amends Title 36 of the Official Code of Georgia Annotated to expand the types of utility contracts that counties and municipal corporations can enter into for up to 20 years (standard contracts are limited to 10 years).

Adds electric power sales contracts validated by a superior court under Code Section 46-3-131 as to reasonableness and enforceability to the list of contracts eligible for the extended 20-year term, alongside existing exceptions for solar and wind utility services.

Contracts exceeding two years must include commercially reasonable provisions for rate adjustments based on inflationary or deflationary factors.

All utility contracts must include provisions relieving the county or municipality from obligations if compliance becomes impossible or creates substantial financial burden due to war, natural disaster, catastrophe, or other emergencies.