'Infrastructure and Community Development Act'
This legislation impacts existing state laws governing local governance and finance by introducing a structured method for local governments to create districts specifically aimed at enhancing community infrastructure. By allowing districts to issue bonds, it opens up funding avenues for necessary services like water management and waste disposal. However, districts are explicitly prohibited from having zoning or permitting powers, which keeps local development authority in the hands of elected officials in local government. The bill’s impact is projected to enhance the capacity for infrastructure development while keeping a focus on accountability and transparency in public financing.
Senate Bill 435, titled the 'Infrastructure and Community Development Act,' seeks to provide a legal framework for the establishment and operation of independent community development districts in Georgia. It aims to allow both public and private sectors to manage and finance essential community services while ensuring compliance with existing laws on planning and permitting. Notably, the bill includes provisions for the creation of boards of supervisors, the issuance of bonds for financial support, and clear guidelines for district budgeting and reporting. Moreover, it permits the collection of non-ad valorem assessments and outlines a process for civil enforcement of payment for such assessments.
While the bill provides beneficial funding opportunities for infrastructure, there are concerns regarding the power dynamics between state and local governments. Critics question whether empowering districts with financial autonomy could dilute accountability and oversight, especially regarding how they will execute these funds. Additionally, some stakeholders worry about the implications for local governance, fearing that the introduction of independent districts may undermine the authority of existing local governments. The bill must also wait for constitutional amendments to take effect, creating a layer of uncertainty regarding its eventual implementation.