WITHDRAWN
Senators Anavitarte of the 31st, Dolezal of the 27th, Setzler of the 37th, and Kirkpatrick of
the 32nd offered the following amendment #1:
Amend HB 516 (LC 44 3172S) by replacing lines 1 through 6 with the following: "To amend
Title 50 of the Official Code of Georgia Annotated, relating to state government, so as to
designate the Attorney General as an applicable elected representative who may approve
issuance of certain private activity bonds to finance or refinance state charter school
facilities; to establish procedures for public notices and hearings relative to the issuance of
such bonds; to authorize county and regional library boards and community service boards
to conduct teleconference meetings under certain circumstances; to provide for related
matters; to repeal conflicting laws; and for other purposes." By adding after line 8 the
following: Title 50 of the Official Code of Georgia Annotated, relating to state government,
is amended by adding a new Code section to read as follows: <ins>"50-1-14. (a) The Attorney
General is designated as an applicable elected representative, as provided for in 26 U.S.C.
Section 147(f)(2)(E) of the Internal Revenue Code, who may approve the issuance of one or
more private activity bonds to finance or refinance a state charter school facility after a
public hearing following reasonable notice in accordance with 26 U.S.C. Section 147(f) of
the Internal Revenue Code and applicable state and federal laws and regulations. Within 60
days of the Attorney General receiving a written request for a public hearing, the Attorney
General or his or her designee shall hold such hearing, as required by 26 U.S.C. Section
147(f) of the Internal Revenue Code. Within 30 days of such hearing, the Attorney General
shall approve the issuance of private activity bonds to finance or refinance a state charter
school facility if the applicable charter school is authorized by Article 31A of Chapter 2 of
Title 20, the applicable charter school is an organization described under 26 U.S.C. Section
</ins>
<ins>501(c)(3) of the Internal Revenue Code, and such state charter school facility to be financed
or refinanced by such private activity bonds will be owned or principally used by such state
charter school."</ins> SECTION 2. By renumbering Section 2 as Section 3.