Official Code of Georgia Annotated
Title 36. LOCAL GOVERNMENT · Chapter 42. DOWNTOWN DEVELOPMENT AUTHORITIES
36-42-17. Assessments under Code Section 36-42-16; priority of liens regarding assessments for downtown development authorities.
Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.
- (a)
An assessment under Code Section 36-42-16 that relates to any project described in subparagraph (B) of paragraph (6) of Code Section 36-42-3 shall be levied and may be collected when:#
- (1)
A written contract regarding such assessment is executed by the property owner, the authority, and the project administrator;#
- (2)
Such contract is administratively acknowledged by the relevant local jurisdiction with the taxing authority; and#
- (3)
A notice of assessment is recorded in the property records of the relevant local jurisdiction.#
- (b)
A lien for any assessment under Code Section 36-42-16 that relates to any project under subparagraph (B) of paragraph (6) of Code Section 36-42-3 shall have the same priority as municipal liens under paragraph (4) of subsection (b) and subparagraph (g)(2)(B) of Code Section 48-2-56.#
History
Code 1981, § 36-42-17, enacted by Ga. L. 2015, p. 1329, § 1/SB 4; Ga. L. 2017, p. 753, § 1/HB 428.
Read the official page (the state's PDF, opened at the page this text was read from).
Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.
Text read from t35-t36-ch1-59-(v27)-2025-pdf.pdf, Volume V27, 2025 edition, page 903; merge action: bound only; file SHA-256 6c7b6bcea397.