First Reader Summary
A BILL to be entitled an Act to create the Southwest Georgia Technology Authority, so as to provide for communication systems projects in Clay, Quitman, Randolph, and Stewart counties; to provide for a short title; to provide for definitions; to provide for membership; to provide for a governing board and its terms, organization, vacancies, and meetings; to provide for the powers and duties of the authority; to provide for services, procurement, and bonding; to provide for revenue bonds and their form, interest rates, denominations, payment, signatures, negotiability, exemption from taxation, sale, proceeds, interim bonds, and replacement; to provide for conditions for issuance of bonds and that they will not constitute certain debts; to provide for trust indentures, sinking fund, and payment of proceeds; to provide for related matters; to repeal conflicting laws; and for other purposes.
