Bill > HB834

This bill authorizes the City of Cedartown, Georgia to exercise comprehensive redevelopment powers as outlined in the "Redevelopment Powers Law" (Chapter 44 of Title 36 of the Official Code of Georgia Annotated). Specifically, the bill allows the city to undertake community redevelopment projects, create tax allocation districts, and issue tax allocation bonds, which are financial mechanisms that help fund urban renewal and infrastructure improvements. The bill mandates a referendum to be held on the Tuesday following the first Monday in November 2025, where Cedartown voters will decide whether to approve these expanded redevelopment powers. During the election, voters will choose between "Yes" and "No" on a ballot that asks if the city should be allowed to exercise all redevelopment powers. If more than half of the votes cast are in favor, Section 1 of the Act will become effective immediately. If the referendum fails or is not conducted properly, the Act will be automatically repealed on the first day of January following the election, and the city will not gain these additional redevelopment powers.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 city will bear the cost of conducting this referendum, and the election superintendent is responsible for certifying the results to the Secretary of State.

Government Affairs

https://www.legis.ga.gov/legislation/71635