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GA HB709
Bill
Status
5/13/2025
Primary Sponsor
Victor Anderson
Click for details
AI Summary
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Authorizes the City of Demorest, Georgia, to exercise redevelopment powers under the state's "Redevelopment Powers Law," including creating tax allocation districts, issuing tax allocation bonds, and incurring other redevelopment-related obligations
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Requires a referendum on the Tuesday following the first Monday in November 2025 for Demorest voters to approve or reject the redevelopment authority
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Mandates election notice be published once at least 90 days before the election and once weekly for two weeks preceding the vote in the official organ of Habersham County
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Redevelopment powers take effect immediately if more than half of voters approve; if rejected or the election is not held, the Act automatically repeals on January 1 following the election date
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City of Demorest bears all costs of the referendum election
Legislative Description
Demorest, City of; Redevelopment Powers Law; provide for a referendum
Last Action
Effective Date 2025-05-13
5/13/2025