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GA HB1357
GA HB1357Bulloch County Public Facilities Authority; revenue bonding authority; revise provisions
summary
Introduced
02/18/2026
02/18/2026
In Committee
02/26/2026
02/26/2026
Crossed Over
02/26/2026
02/26/2026
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend an Act creating the Bulloch County Public Facilities Authority and to provide for the appointment of members of the authority, approved June 30, 2020 (Ga. L. 2020, p. 3929), so as to revise provisions related to revenue bonding authority; to revise definitions; to provide for related matters; to repeal conflicting laws; and for other purposes.
AI Summary
This bill revises the powers of the Bulloch County Public Facilities Authority, specifically concerning its ability to issue revenue bonds. It clarifies the definition of a "project" to include facilities and equipment for county operations and any "undertaking" allowed by the Revenue Bond Law, which is a general state law governing how local governments can issue bonds backed by project revenues. The bill also allows the authority to issue revenue bonds to finance these projects or to refinance existing debt, but importantly, it prohibits the use of these bonds to fund projects for the Bulloch County School District or any other local government entity within Bulloch County, except for Bulloch County itself. The bonds will be repaid only from the revenues generated by the projects they fund, and their maturity cannot exceed 40 years.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
House Passed/Adopted (on 02/26/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/73334 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/243061 |
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