HB 63 — Local government; redevelopment and issuance of certain bonds and obligations; change certain provisions
House Date Signed by Governor
A BILL to be entitled an Act to amend Title 36 of the Official Code of Georgia Annotated, relating to local government, so as to provide for additional requirements and limitations regarding redevelopment and the issuance of certain bonds and obligations; to change the qualifications of redevelopment areas; to change certain provisions regarding loans for financing redevelopment costs; to change certain provisions regarding contracts for exercising redevelopment powers; to provide for the allocation of negative tax allocation increments; to require payment of negative tax allocation increments by developers; to change certain provisions regarding computation of tax allocation increments of districts and authorize expressly the use of school tax funds; to provide an effective date; to repeal conflicting laws; and for other purposes.
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