HB 1295 - Redevelopment powers; tax allocation bonds; provisions

Current VersionPDF Version

Committees

Current Status

03/04/08 - House Committee Favorably Reported

First Reader Summary

A BILL to be entitled an Act to amend Chapter 44 of Title 36 of the O.C.G.A., relating to redevelopment powers, so as to provide for the issuance of tax allocation bonds by two or more political subdivisions; to provide for the issuance of tax allocations bonds by redevelopment agencies; to change certain provisions regarding definitions; to change certain provisions regarding redevelopment of powers of political subdivisions; to change certain provisions regarding delegation of redevelopment powers to a redevelopment agency; to change certain provisions regarding computation of tax allocation increments of tax allocation districts; to change certain provisions regarding allocation of positive tax allocation increments; to change certain provisions regarding payment of redevelopment costs; to change certain provisions regarding issuance of tax allocation bonds; to change certain provisions regarding loans for financing redevelopment costs; to repeal conflicting laws; and for other purposes.

Status History

Bill History
DateAction
02/22/2008House First Readers
02/26/2008House Second Readers
03/04/2008House Committee Favorably Reported