SB151: SB151 "Joint Development Authority of North Fulton Municipalities Act"; enact

25 LC 47 3657S The House Committee on Intragovernmental Coordination offers the following substitute to SB 151: A BILL TO BE ENTITLED AN ACT To amend Chapter 62 of Title 36 of the Official Code of Georgia Annotated, relating to1 development authorities, so as to provide that county developme nt authorities for certain2 counties shall not operate within certain municipalities; to provide for a definition; to provide3 for related matters; to provide for an effective date; to repeal conflicting laws; and for other4 purposes.5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:6 SECTION 1.7 Chapter 62 of Title 36 of the Official Code of Georgia Annotated, relating to development8 authorities, is amended by adding a new Code section to read as follows:9 "36-62-4.1.10 (a) As used in this Code section, the term 'massively municipa lized county' means any11 county without a consolidated or unified government in which the corporate limits of two12 or more municipalities cover 95 percent or more of the land area of the county.13 (b) No county development authority for a massively municipalized county shall purchase14 or accept title to any real or personal property in connection with a property tax incentive15 S. B. 151 (SUB) - 1 - 25 LC 47 3657S project within the parts of such county that are within the cor porate limits of any16 municipality that is located north of the northernmost corporate limit of the municipality17 in which the county site of such county is located if the gover ning authority of the18 municipality in which such property is located has adopted a re solution to limit such19 development authority from operating within such municipality.20 (c) The provisions of this Code section shall not apply to any project approved by a21 development authority prior to January 1, 2026, nor shall any a mendments, refinancing,22 renewals, or the transfer of any property related to such prior projects be affected by this23 Code section."24 SECTION 2.25 This Act shall become effective on January 1, 2026.26 SECTION 3.27 All laws and parts of laws in conflict with this Act are repealed.28 S. B. 151 (SUB) - 2 -