08 LC 18
7250S
The
House Committee on Judiciary offers the following substitute to HR
1364:
A
RESOLUTION
Proposing
an amendment to the Constitution so as to authorize community redevelopment and
authorize counties, municipalities, and local boards of education to use tax
funds for redevelopment purposes and programs, including the payment of debt
service on tax allocation bonds; to provide for submission of this amendment for
ratification or rejection; and for other purposes.
BE
IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
IX, Section II, Paragraph VII is amended by adding a new subparagraph and by
revising subparagraph (b) to read as follows:
"(a.1)
The General Assembly may authorize any county, municipality, or housing
authority to undertake and carry out community redevelopment.
(b)
The General Assembly is
also
authorized to grant to counties or municipalities for redevelopment purposes and
in connection with redevelopment programs, as such purposes and programs are
defined by general law, the power to issue tax allocation bonds, as defined by
such law, and the power to incur other obligations, without either such bonds or
obligations constituting debt within the meaning of Section V of this article,
and the power to enter into contracts for any period not exceeding 30 years with
private persons, firms, corporations, and business entities.
Such general
law may authorize the use of county tax funds, municipal tax funds, or school
tax funds, or any combination thereof, to fund such redevelopment purposes and
programs, including the payment of debt service on tax allocation bonds,
notwithstanding Section VI of Article VIII or any other provision of this
Constitution and regardless of whether the authorization to use such tax funds
for such purposes occurs before or after January 1,
2009. Notwithstanding the grant of these
powers pursuant to general law, no county or municipality may exercise these
powers unless so authorized by local law and unless such powers are exercised in
conformity with those terms and conditions for such exercise as established by
that local law. The provisions of any such local law shall conform to those
requirements established by general law regarding such powers. No such local
law, or any amendment thereto, shall become effective unless approved in a
referendum by a majority of the qualified voters voting thereon in the county or
municipality directly affected by that local law."
SECTION
2.
The
above proposed amendment to the Constitution shall be published and submitted as
provided in Article X, Section I, Paragraph II of the Constitution. The ballot
submitting the above proposed amendment shall have written or printed thereon
the following:
|
"( ) YES
( ) NO
|
Shall
the Constitution of Georgia be amended so as to authorize community
redevelopment and authorize counties, municipalities, and local boards of
education to use tax funds for redevelopment purposes and
programs?"
|
All
persons desiring to vote in favor of ratifying the proposed amendment shall vote
"Yes." All persons desiring to vote against ratifying the proposed amendment
shall vote "No." If such amendment shall be ratified as provided in said
Paragraph of the Constitution, it shall become a part of the Constitution of
this state.