Bill > HB735

This bill authorizes the City of Lyons, Georgia to exercise comprehensive redevelopment powers under the state's "Redevelopment Powers Law" (Chapter 44 of Title 36 of the Official Code of Georgia Annotated). These powers include undertaking community redevelopment, creating tax allocation districts, issuing tax allocation bonds, and incurring other related financial obligations. The bill requires a referendum to be held on the Tuesday after the first Monday in November 2025, where voters will decide whether to approve these expanded redevelopment powers. The election will be conducted by the city's election superintendent, with the ballot clearly presenting the question of whether the city should be allowed to exercise these redevelopment powers. If more than half of the votes cast are in favor, Section 1 of the Act will become effective immediately. If the measure is not approved or the election is not properly conducted, the Act will be automatically repealed on the first day of January following the election, and the city will not gain these additional redevelopment powers. The bill becomes effective upon gubernatorial approval or when it becomes law without such approval, and it repeals any conflicting laws.

Government Affairs

https://www.legis.ga.gov/legislation/71188