SB624: SB624 Public Facilities Authority of the City of Milledgeville and Baldwin County; references to the City of Milledgeville; remove

26 LC 62 0383 Senate Bill 624 By: Senator Williams of the 25th AS PASSED SENATE A BILL TO BE ENTITLED AN ACT To amend an Act to create the Public Facilities Authority of th e City of Milledgeville and1 Baldwin County, approved May 11, 2009 (Ga. L. 2009, p. 3955), so as to remove references2 to the City of Milledgeville; to provide for membership of the authority; to provide for terms3 of office of members of the authority; to permit members to succeed themselves; to provide4 for vacancies of members; to provide for certain tax exemptions ; to provide for related5 matters; to repeal conflicting laws; and for other purposes.6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:7 SECTION 1.8 An Act to create the Public Facilities Authority of the City of Milledgeville and Baldwin9 County, approved May 11, 2009 (Ga. L. 2009, p. 3955), is amended by adding a new section10 to read as follows:11 "SECTION 1.1.12 The Public Facilities Authority of the City of Milledgeville and Baldwin County shall be13 known and may be referred to as the Public Facilities Authority of Baldwin County. Any14 reference in this Act to the Public Facilities Authority of the City of Milledgeville and15 S. B. 624 - 1 - 26 LC 62 0383 Baldwin County shall be deemed to refer to the Public Facilitie s Authority of Baldwin16 County. Any reference to the City of Milledgeville, or the city, shall be deemed to refer17 to Baldwin County, Georgia, or its successor."18 SECTION 2.19 Said Act is further amended by revising Section 5 as follows:20 "SECTION 5.21 Members of the authority and terms of office.22 (a) The terms of the current members of the authority shall end on December 31, 2026.23 (b) Beginning on January 1, 2027, the authority shall consist of five members appointed24 by the board of commissioners who are residents of the county. The members of the25 authority shall be appointed for a term of one year from the date of appointment and until26 their successors shall have been selected and appointed.27 (c) Any member of the board of commissioners may be appointed to serve as a member28 of the authority. The term of office of any member of the authority who also serves as29 a member of the board of commissioners shall be concurrent with his or her term of office30 as a member of the board of commissioners.31 (d) Any member of the authority may be selected and appointed to succeed himself or32 herself.33 (e) Immediately after their appointments, the members of the authority shall enter upon34 their duties. Any vacancy on the authority shall be filled in the same manner as the35 original appointment for the remainder of the unexpired term. A majority of the members36 of the authority holding office at any time shall constitute a quorum, and no vacancy on37 the authority shall impair the right of the quorum to exercise all the rights and perform38 all the duties of the authority and, in every instance, a major ity vote of a quorum shall39 S. B. 624 - 2 - 26 LC 62 0383 authorize any legal act of the authority, including all things necessary to authorize and40 issue revenue bonds and other obligations. The authority shall elect one of its members41 as chairperson, and from its membership shall elect a secretary and a treasurer. The42 authority may elect one of its members as vice chairperson and may elect any number of43 assistant secretaries or treasurers, who need not be members of the authority, as it may44 from time to time deem necessary or desirable. The members of the authority shall not45 be entitled to compensation for their services, but may be reim bursed for their actual46 expenses necessarily incurred in the performance of their duties. The authority may make47 rules and regulations for its own governance and it shall have perpetual existence. Any48 change in name or composition of the authority shall in no way affect the vested rights49 of any person under the provisions of this Act or impair the obligations of any contracts50 existing under this Act."51 SECTION 3.52 Said Act is further amended by revising Section 16 as follows:53 "SECTION 16.54 Revenue bonds or other obligations exempt from taxation.55 All revenue bonds or other obligation issued as provided in thi s Act are declared to be56 issued or incurred for an essential public and government purpose and such obligations and57 the interest thereon shall, to the extent not prohibited by general law, be exempt from all58 taxation within this state, whether or not the income on such bonds or other obligations is59 excludable from the gross income of the holders thereof for federal income tax purposes."60 SECTION 4.61 All laws and parts of laws in conflict with this Act are repealed.62 S. B. 624 - 3 -