Georgia 2025-2026 Regular Session

Georgia Senate Bill SB70 Compare Versions

OldNewDifferences
11 25 LC 44 2889
22 Senate Bill 70
33 By: Senator Anderson of the 43rd
4-AS PASSED
4+AS PASSED SENATE
55 A BILL TO BE ENTITLED
66 AN ACT
77 To provide for the creation of one or more community improvement districts within the City
88 1
99 of Conyers, Georgia; to provide for a short title; to provide for the purpose of such districts;2
1010 to provide for definitions; to provide for boards to administer such districts; to provide for3
1111 appointment and election of members of such boards; to provide for taxes, fees, and4
1212 assessments; to provide for the boundaries of such districts; to provide procedures for5
1313 determining the specifications for projects to be undertaken by districts and the manner of6
1414 levying taxes, fees, and assessments with respect thereto; to provide for the debt of such7
1515 districts; to provide for cooperation with local governments; to provide for powers of such8
1616 boards; to provide for general obligation bonds, notes, and other obligations of such districts;9
1717 to provide for the form of bonds, provisions for exchange and transfer, certificates of10
1818 validation, and specification of interest rates; to provide for definition of the terms "cost of11
1919 the project" and "cost of any project" as used in bond resolutions and elsewhere; to provide12
2020 for authorized contents of agreements and instruments of the boards generally; to provide for13
2121 use of proceeds of sale of bonds, notes, and other obligations; to provide for subsequent14
2222 issues thereof; to provide for construction; to provide that no notice, proceeding, publication,15
2323 or referendum shall be required; to provide for procedures connected with all of the16
2424 foregoing; to provide for the dissolution and reactivation of districts under certain conditions;17
2525 to provide for related matters; to repeal conflicting laws; and for other purposes.18
2626 S. B. 70
2727 - 1 - 25 LC 44 2889
2828 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
2929 19
3030 SECTION 1.20
3131 Short title.21
3232 This Act shall be known and may be cited as the "Conyers Community Improvement22
3333 Districts Act."23
3434 SECTION 2.24
3535 Purpose.25
3636 The purpose of this Act shall be to provide for the creation of one or more community26
3737 improvement districts within the City of Conyers, Georgia, and each such district shall be27
3838 created for the provision of such of the following governmental services and facilities as may28
3939 be provided for in the resolution activating each district created hereby. Such services and29
4040 facilities shall be one or more of:30
4141 (1) Street and road construction and maintenance, including curbs, sidewalks, streetlights,31
4242 and devices to control the flow of traffic on streets and roads;32
4343 (2) Parks and recreational areas and facilities;33
4444 (3) Stormwater and sewage collection and disposal systems;34
4545 (4) Development, storage, treatment, purification, and distribution of water;35
4646 (5) Public transportation;36
4747 (6) Terminal and dock facilities and parking facilities; and37
4848 (7) Such other services and facilities as may be provided for by general law.38
4949 S. B. 70
5050 - 2 - 25 LC 44 2889
5151 SECTION 3.
5252 39
5353 Definitions.40
5454 As used in this Act, the term:41
5555 (1) "Agricultural" means the growing of crops for sale or raising of animals for sale or use,42
5656 including the growing of field crops, fruit or nut trees, the raising of livestock or poultry,43
5757 and the operation of dairies, horse boarding facilities, and riding stables.44
5858 (2) "Board" means the governing authority created for the governance of each community45
5959 improvement district authorized by this Act.46
6060 (3) "Bonds" or "general obligation bonds" means any bonds of a district that are authorized47
6161 to be issued under the Constitution and laws of Georgia, including refunding bonds, but not48
6262 including notes or other obligations of a district.49
6363 (4) "Caucus of electors" means for each district, the meeting of electors provided for in50
6464 this Act at which the elected board members of the district are elected.51
6565 (5) "Cost of the project" or "cost of any project" means and includes:52
6666 (A) All costs of acquisition by purchase or otherwise, construction, assembly,53
6767 installation, modification, renovation or rehabilitation incurred in connection with any54
6868 project or any part of any project;55
6969 (B) All costs of real property, fixtures, or personal property used in or in connection with56
7070 or necessary for any project or for any facilities related thereto, including, but not limited57
7171 to, the cost of all land, estates for years, easements, rights, improvements, water rights,58
7272 connections for utility services, fees, franchises, permits, approvals, licenses, and59
7373 certificates; the cost of securing any such franchises, permits, approvals, licenses, or60
7474 certificates; and the cost of preparation of any application therefor and the cost of all61
7575 fixtures, machinery, equipment (including all transportation equipment and rolling stock),62
7676 furniture, and other property used in or in connection with or necessary for any project;63
7777 S. B. 70
7878 - 3 - 25 LC 44 2889
7979 (C) All interest and other financing charges and loan fees and all interest on bonds, notes,
8080 64
8181 or other obligations of a district which accrue or are paid prior to and during the period65
8282 of construction of a project and during such additional period as the board may66
8383 reasonably determine to be necessary to place such project in operation;67
8484 (D) All costs of engineering, surveying, and architectural and legal services and all68
8585 expenses incurred by engineers, surveyors, architects, and attorneys in connection with69
8686 any project;70
8787 (E) All expenses for inspection of any project;71
8888 (F) All fees of fiscal agents, paying agents, and trustees for bondholders under any trust72
8989 agreement, indenture of trust, or similar instrument or agreement; all expenses incurred73
9090 by any such fiscal agents, paying agents, and trustees; and all other costs and expenses74
9191 incurred relative to the issuance of any bonds, notes, or other obligations for any project;75
9292 (G) All expenses of or incidental to determining the feasibility of practicability of any76
9393 project;77
9494 (H) All costs of plans and specifications for any project;78
9595 (I) All costs of title insurance and examinations of title with respect to any project;79
9696 (J) Repayment of any loans made for the advance payment of any part of any of the80
9797 foregoing costs, including interest thereon and any other expenses of such loans;81
9898 (K) Administrative expenses of the board and such other expenses as may be necessary82
9999 for or incidental to any project or the financing thereof or the placing of any project in83
100100 operation; 84
101101 (L) The establishment of a fund or funds for the creation of a debt service reserve, a85
102102 renewal and replacement reserve, or such other funds or reserves as the board may86
103103 approve with respect to the financing and operation of any project and as may be87
104104 authorized by any bond resolution, trust agreement, indenture of trust, or similar88
105105 instrument or agreement pursuant to the provisions of which the issuance of any bonds,89
106106 notes, or other obligations of the district may be authorized; and90
107107 S. B. 70
108108 - 4 - 25 LC 44 2889
109109 (M) Any cost, obligation, or expense incurred for any of the foregoing purposes.
110110 91
111111 (6) "District" means the geographical area designated as such by the resolution of the92
112112 governing body of the City of Conyers consenting to the creation of the community93
113113 improvement district or as thereafter modified pursuant to subsection (b) of Section 7 of94
114114 this Act.95
115115 (7) "Electors" means the owners of real property used nonresidentially within the district96
116116 which is then subject to taxes, fees, and assessments levied by the board, as they appear on97
117117 the most recent ad valorem real property tax return records of Rockdale County, or one98
118118 officer or director of a corporate elector, one trustee of a trust which is an elector, one99
119119 partner of a partnership elector, or one designated representative of an elector whose100
120120 designation is made in writing. An owner of property subject to taxes, fees, or assessments101
121121 levied by the board shall have one vote for an election based on numerical majority. An102
122122 owner of multiple parcels has one vote, not one vote per parcel, for an election based on103
123123 numerical majority. Multiple owners of one parcel have one vote for an election based on104
124124 numerical majority.105
125125 (8) "Equitably apportioned among the properties subject to such taxes, fees, and106
126126 assessments according to the need for governmental services and facilities created by the107
127127 degree of density of development of each such property," with reference to taxes, fees, and108
128128 assessments levied by the board, means that the burden of the taxes, fees, and assessments109
129129 shall be apportioned among the properties subject thereto based upon the values established110
130130 in the most recent ad valorem tax reassessment of such properties certified by the111
131131 chairperson of the Rockdale County Board of Tax Assessors or may be apportioned among112
132132 the properties subject thereto in direct or approximate proportion to the receipt of services113
133133 or benefits derived from the improvements or other activities for which the taxes, fees, or114
134134 assessments are to be expended or may be apportioned in any other manner or combination115
135135 of manners deemed equitable by the board, including, but not limited to, the recognition116
136136 of differential benefits which may reasonably be expected to accrue to new land117
137137 S. B. 70
138138 - 5 - 25 LC 44 2889
139139 development in contrast to lands and improvements already in existence at the time of
140140 118
141141 creation of the community improvement district.119
142142 (9) "Forestry" means the planting and growing of trees for sale in a program that includes120
143143 reforestation of harvested trees, regular underbrush and undesirable growth clearing,121
144144 fertilizing, pruning, thinning, cruising, and marking which indicate an active tree farming122
145145 operation; it does not include the casual growing of trees on land otherwise idle or held for123
146146 investment, even though some harvesting of trees may occur thereon.124
147147 (10) "Majority" means 50 percent or more of the total number of individuals composing125
148148 the group or classification at issue.126
149149 (11) "Project" means the acquisition, construction, installation, modification, renovation,127
150150 rehabilitation or operation of land; interests in land, buildings, structures, facilities, or other128
151151 improvements located or to be located within or otherwise providing service to the district,129
152152 and the acquisition, installation, modification, renovation, rehabilitation, or furnishing of130
153153 fixtures, machinery, equipment, furniture, or other property of any nature whatsoever used131
154154 on, in, or in connection with any such land, interest in land, building, structure, facility, or132
155155 other improvement, all for the essential public purposes set forth in Section 2 of this Act.133
156156 (12) "Property owner" or "owner of real property" means any entity or person shown as134
157157 a taxpayer for one or more parcels of real estate on the most recent ad valorem tax records135
158158 of Rockdale County within the district. Ownership as shown by the most recent ad136
159159 valorem tax records of Rockdale County shall serve as prima-facie proof of ownership.137
160160 Multiple owners of one parcel shall constitute one property owner, and they shall designate138
161161 in writing one of their number to represent the whole.139
162162 (13) "Property used nonresidentially" means property or any portion thereof used for140
163163 neighborhood shopping, planned shopping centers, general commercial, transient lodging141
164164 facilities, tourist services, office or institutional, office services, light industry, heavy142
165165 industry, central business districts, parking, or other commercial or business use, as well143
166166 S. B. 70
167167 - 6 - 25 LC 44 2889
168168 as vacant land zoned or approved for any of the uses listed in this paragraph, which does
169169 144
170170 not include residential use.145
171171 (14) "Residential" means a specific work or improvement undertaken primarily to provide146
172172 single-family or multifamily dwelling accommodations for persons and families and such147
173173 community facilities as may be incidental or appurtenant thereto.148
174174 (15) "Taxpayer" means any entity or person paying ad valorem taxes on real property,149
175175 whether on one or more parcels of property within the district. Multiple owners of one150
176176 parcel shall constitute one taxpayer, and they shall designate in writing one of their number151
177177 to represent the whole.152
178178 SECTION 4.153
179179 Creation.154
180180 (a) Pursuant to Article IX, Section VII of the Constitution of the State of Georgia, there are155
181181 hereby created one or more community improvement districts to be located in the City of156
182182 Conyers, Georgia, wholly within the incorporated area thereof. Each community157
183183 improvement district shall be activated upon compliance with the conditions provided in this158
184184 Act. Each district shall be governed by a board as constituted pursuant to this Act. The159
185185 conditions for such activation shall be:160
186186 (1) The adoption of a resolution consenting to the creation of each community161
187187 improvement district by the Mayor and City Council of the City of Conyers; and162
188188 (2) Written consent to the creation of the community improvement district by:163
189189 (A) A majority of the owners of real property within the district which will be subject164
190190 to taxes, fees, and assessments levied by the board of the district; and165
191191 (B) The owners of real property within the district which constitutes at least 75 percent166
192192 by value of all real property within the district which will be subject to taxes, fees, and167
193193 S. B. 70
194194 - 7 - 25 LC 44 2889
195195 assessments levied by the board and for this purpose value shall be determined by the
196196 168
197197 most recent approved county ad valorem tax digest.169
198198 (b) The written consents provided for in paragraph (2) of subsection (a) of this section shall170
199199 be submitted to the Rockdale County Tax Commissioner, who shall certify whether171
200200 paragraph (2) of subsection (a) of this section has been satisfied with respect to each such172
201201 proposed district.173
202202 (c) No district or board created under this Act shall transact any business or exercise any174
203203 powers under this Act until the foregoing conditions of this section are met. A copy of such175
204204 resolutions shall be filed with the Georgia Secretary of State, who shall maintain a record of176
205205 all districts activated under this Act, and a second copy shall be filed with the Georgia177
206206 Department of Community Affairs.178
207207 SECTION 5.179
208208 Administration, appointment and election of board members.180
209209 (a) Each district created pursuant hereto shall be administered by a board composed of a181
210210 minimum of five board members as follows: one board member shall be appointed by the182
211211 Mayor and City Council of the City of Conyers and four board members shall be elected by183
212212 the vote of electors. The members representing the electors shall be elected to serve in post184
213213 positions 2 through 5, respectively. Each elected board member must receive a majority of185
214214 the votes cast for the post for which he or she is a candidate. The initial term of office for186
215215 the member representing Post 2 shall be one year, and the initial terms of office of the187
216216 members serving on Posts 3 and 4 shall be two years. The initial term of office of the188
217217 member representing Post 5 shall be three years. Thereafter, all terms of office shall be for189
218218 two years, except the appointed board member for Post 1, who serve at the pleasure of the190
219219 governing body who appointed him or her. Should a member cease to be an elector, such191
220220 member's position on the board shall immediately become vacant and shall be filled for the192
221221 S. B. 70
222222 - 8 - 25 LC 44 2889
223223 remainder of the respective term as provided for by the initial appointment or election in this
224224 193
225225 subsection.194
226226 (b) The initial board members to be elected as provided in subsection (a) of this section shall195
227227 be elected in a caucus of electors, which shall be held within 90 days after the adoption of196
228228 the resolutions and obtaining the written consents provided herein. The caucus shall be held197
229229 at such time and place within the district as the governing body of the City of Conyers shall198
230230 designate after notice is given to said electors by publishing notice in the legal organ of199
231231 Rockdale County at least once each week for four weeks prior to such meeting. A quorum200
232232 at such caucus shall consist of those electors present, and a majority of those present and201
233233 voting is necessary to elect board members. No proxy votes may be cast. The Mayor of the202
234234 City of Conyers or the Mayor's designee shall convene the initial caucus of electors.203
235235 Thereafter, there shall be conducted annually, not later than 60 days following the last day204
236236 for filing ad valorem real property tax returns in Rockdale County, a caucus of said electors205
237237 at such time and place within the district as the board shall designate in such notice for the206
238238 purpose of electing board members to Posts 2 through 5 for those positions which have terms207
239239 expiring, or are vacant, as appropriate. If a vacancy occurs in an elected position on the208
240240 board, the board shall, within 60 days thereafter, call a special election to fill the same. Said209
241241 special election shall be held within 60 days of the call, unless such vacancy occurs within210
242242 180 days of the next regularly scheduled election, in which case a special election may, but211
243243 need not, be called.212
244244 (c) Board members shall be subject to recall by the electors as any other elected public213
245245 official.214
246246 (d) Board members shall receive no compensation for their services, but they shall be215
247247 reimbursed for actual expenses incurred in the performance of their duties. They shall elect216
248248 one of their members as chairperson, and another member as vice chairperson. They shall217
249249 also elect either a secretary and a treasurer, or they shall elect a secretary-treasurer, either of218
250250 whom may, but need not, be a member of the board.219
251251 S. B. 70
252252 - 9 - 25 LC 44 2889
253253 (e) Chapter 2 of Title 21 of the O.C.G.A. (O.C.G.A. § 21-2-1, et seq.), the Election Code of
254254 220
255255 Georgia, shall not apply to the election of district board members. The district board may221
256256 adopt such bylaws not inconsistent herewith to provide for any matter concerning such222
257257 elections.223
258258 SECTION 6.224
259259 Taxes, fees, and assessments.225
260260 (a) The board may levy taxes, fees, and assessments within the district only on real property226
261261 used nonresidentially, specifically excluding all property exempt from ad valorem taxation227
262262 under the Constitution or laws of the State of Georgia and all property used for residential,228
263263 agricultural, or forestry purposes and specifically excluding tangible personal property and229
264264 intangible property. Any tax, fee, or assessment so levied shall not exceed five mills of the230
265265 aggregate assessed value of all such real property. The taxes, fees, and assessments levied231
266266 by the board shall be equitably apportioned among the properties subject to such taxes, fees,232
267267 and assessments according to the need for governmental services and facilities created by the233
268268 degree of density of development of each such property. The proceeds of taxes, fees, and234
269269 assessments levied by the board shall be used only for the purpose of providing governmental235
270270 services and facilities that are specially required by the degree of density of development236
271271 within the applicable district and not for the purpose of providing those governmental237
272272 services and facilities provided to the municipality as a whole. Any tax, fee, or assessment238
273273 so levied shall be collected by the City of Conyers in the same manner as taxes, fees, and239
274274 assessments are levied by the City of Conyers. Delinquent taxes shall bear the same interest240
275275 and penalties as City of Conyers ad valorem taxes, and may be enforced and collected in the241
276276 same manner. The proceeds of taxes, fees, and assessments so levied, less a fee to cover the242
277277 costs of collection of one percent thereof, but not more than $25,000.00 in any one calendar243
278278 S. B. 70
279279 - 10 - 25 LC 44 2889
280280 year, shall be transmitted by the City of Conyers to the board of said district and shall be
281281 244
282282 expended by the board only for the purposes authorized by this Act.245
283283 (b) The board shall levy the taxes, fees and assessments provided for in subsection (a) of this246
284284 section subsequent to the report of the assessed taxable values for the current calendar year247
285285 and shall notify in writing the collecting governing bodies so they may include the levy on248
286286 their regular ad valorem tax bills. The proceeds of taxes, fees and assessments so levied, less249
287287 the fee to cover the costs of collection as specified in subsection (a) of this section, shall be250
288288 transmitted by the collecting governing authority to the board and shall be expended by the251
289289 board only for the purposes authorized by this Act.252
290290 (c) If, but for this provision, a parcel of real property is removed from a district or otherwise253
291291 would become nontaxable, it shall continue to bear its tax millage then extant upon such254
292292 event, for bonded indebtedness of the district then outstanding, until said bonded255
293293 indebtedness then outstanding is paid or refunded.256
294294 SECTION 7.257
295295 Boundaries of districts.258
296296 (a) The boundaries of each district shall be as designated by the Mayor and City Council of259
297297 the City of Conyers, as set forth in the resolution required by Section 4 of this Act, or as may260
298298 thereafter be added as provided in this Act.261
299299 (b) The boundaries of a district may be increased after the initial creation of a district if all262
300300 of the following requirements are met:263
301301 (1) Written consent of a majority of the owners of real property within the area sought to264
302302 be annexed who will be subject to taxes, fees, and assessments levied by the board of the265
303303 district is first obtained;266
304304 (2) Written consent of the owners of real property within the area sought to be annexed267
305305 into the district which constitutes at least 75 percent by value of all real property sought to268
306306 S. B. 70
307307 - 11 - 25 LC 44 2889
308308 be annexed into the district which will be subject to taxes, fees, and assessments levied by
309309 269
310310 the board. For this purpose, value shall be determined by the most recently approved270
311311 county ad valorem tax digest;271
312312 (3) The adoption of a resolution consenting to the annexation by the board of the district;272
313313 and273
314314 (4) The adoption of a resolution consenting to the annexation by the City of Conyers.274
315315 SECTION 8.275
316316 Debt.276
317317 Each community improvement district may incur debt without regard to the requirements of277
318318 Section V of Article IX of the Constitution of Georgia, or any other provision of law278
319319 prohibiting or restricting the borrowing of money or the creation of debt by political279
320320 subdivisions of the State of Georgia, which debt shall be backed by the full faith, credit, and280
321321 taxing power of the community improvement district, but said debt shall not be an obligation281
322322 of the State of Georgia, the City of Conyers, or any other unit of government of the State of282
323323 Georgia other than the district.283
324324 SECTION 9.284
325325 Cooperation with local governments.285
326326 The services and facilities provided pursuant to this Act shall be provided for in a286
327327 cooperation agreement executed jointly by the board and the governing body of the City of287
328328 Conyers. The provisions of this section shall in no way limit the authority of the City of288
329329 Conyers to provide services or facilities within the district; and the City of Conyers shall289
330330 retain full and complete authority and control over any of its facilities located within its290
331331 respective areas of any district. Said control shall include but not be limited to the291
332332 S. B. 70
333333 - 12 - 25 LC 44 2889
334334 modification of, access to, and degree and type of services provided through or by facilities
335335 292
336336 of the municipality. Nothing contained in this section shall be construed to limit or preempt293
337337 the application of any governmental laws, ordinances, resolutions, or regulations to the294
338338 district or the services or facilities provided therein.295
339339 SECTION 10.296
340340 Powers of district and board.297
341341 (a) Each district and its board created pursuant to this Act shall have all of the powers298
342342 necessary or convenient to carry out and effectuate the purposes and provisions of this Act,299
343343 including, without limiting the generality of the foregoing, the power:300
344344 (1) To bring and defend actions;301
345345 (2) To adopt and amend a corporate seal;302
346346 (3) To make and execute contracts, agreements, and other instruments necessary or303
347347 convenient to exercise the powers of the board or to further the public purposes for which304
348348 the district is created, including, but not limited to, contracts for construction of projects,305
349349 leases of projects, contracts for sale of projects, agreements for loans to finance projects,306
350350 contracts with respect to the use of projects, and agreements with other jurisdictions or307
351351 community improvement districts regarding multijurisdictional projects or services or for308
352352 other cooperative endeavors to further the public purposes of the district;309
353353 (4) To acquire by purchase, lease, or otherwise and to hold, lease, and dispose of real and310
354354 personal property of every kind and character, or any interest therein, in furtherance of the311
355355 public purposes of the district;312
356356 (5) To finance (by loan, grant, lease, or otherwise) and to construct, erect, assemble,313
357357 purchase, acquire, own, repair, remodel, renovate, rehabilitate, modify, maintain, extend,314
358358 improve, install, sell, equip, expand, add to, operate, or manage projects and to pay the cost315
359359 of any project from the proceeds of bonds, notes, or other obligations of the district or any316
360360 S. B. 70
361361 - 13 - 25 LC 44 2889
362362 other funds of the district, or from any contributions or loans by persons, corporations,
363363 317
364364 partnerships (whether limited or general), or other entities, all of which the board is318
365365 authorized to receive, accept, and use;319
366366 (6) To borrow money to further or carry out its public purposes and to execute bonds,320
367367 notes, other obligations, leases, trust indentures, trust agreements, agreements for the sale321
368368 of its bonds, notes, or other obligations, loan agreements, security agreements, assignments,322
369369 and such other agreements or instruments as may be necessary or desirable, in the judgment323
370370 of the board, to evidence and to provide security for such borrowing;324
371371 (7) To issue bonds, notes, or other obligations of the district and use the proceeds thereof325
372372 for the purpose of paying or reimbursing all or any part of the cost of any project and to326
373373 otherwise further or carry out the public purposes of the district and to pay all costs of the327
374374 board incidental to, or necessary and appropriate to, furthering or carrying out such328
375375 purposes;329
376376 (8) To make application directly or indirectly to any federal, state, county, or municipal330
377377 government or agency or to any other source, whether public or private, for loans, grants,331
378378 guarantees, or other financial assistance in furtherance of the district's public purposes and332
379379 to accept and use the same upon such terms and conditions as are prescribed by such333
380380 federal, state, county, or municipal government or agency or other source;334
381381 (9) To enter into agreements with the federal government or any agency thereof to use the335
382382 facilities or services of the federal government or any agency thereof in order to further or336
383383 carry out the public purposes of the district;337
384384 (10) To contract for any period not exceeding 50 years with the State of Georgia, state338
385385 institutions, or any municipal corporation, county, or political subdivision of this State for339
386386 the use by the district of any facilities or services of the State or any such State institution,340
387387 municipal corporation, county, or political subdivision of this state, or for the use by any341
388388 State institution or any municipal corporation, county, or political subdivision of the State342
389389 of any facilities or services of the district, provided that such contracts shall deal with such343
390390 S. B. 70
391391 - 14 - 25 LC 44 2889
392392 activities and transactions as the district and any such political subdivision with which the
393393 344
394394 district contracts are authorized by law to undertake;345
395395 (11) To receive and use the proceeds of any tax levied by any county or any municipal346
396396 corporation to pay the costs of any project or for any other purpose for which the board347
397397 may use its own funds pursuant to this Act;348
398398 (12) To receive and administer gifts, grants, and devises of money and property of any349
399399 kind and to administer trusts;350
400400 (13) To use any real property, personal property, fixtures or any interest therein or to rent351
401401 or lease such property to or from others or make contracts with respect to the use thereof352
402402 or to sell, lease, exchange, transfer, assign, pledge, or otherwise dispose of or grant options353
403403 for any such property in any manner as it deems to be the best advantage of the district and354
404404 the public purposes thereof;355
405405 (14) To appoint, select, and employ engineers, surveyors, architects, urban or city356
406406 planners, fiscal agents, attorneys, and others and to fix their compensation and pay their357
407407 expenses;358
408408 (15) To encourage and promote the improvement and development of the district and to359
409409 make, contract for, or otherwise cause to be made long range plans or proposals for the360
410410 district in cooperation with the City of Conyers;361
411411 (16) To adopt bylaws governing the conduct of business by the board, the election and362
412412 duties of officers of the board, and other matters which the board considers appropriate for363
413413 the bylaws;364
414414 (17) To invest its funds, whether derived from the issuance of bonds or otherwise, in such365
415415 manner as it may deem prudent and appropriate;366
416416 (18) To exercise any power granted by the laws of this State to public or private367
417417 corporations which is not in conflict with the public purposes of the district; and368
418418 (19) To do all things necessary or convenient to carry out the powers conferred by this369
419419 Act.370
420420 S. B. 70
421421 - 15 - 25 LC 44 2889
422422 (b) The powers enumerated in this section are cumulative of and in addition to those powers
423423 371
424424 enumerated herein and elsewhere in this Act, and no such power shall limit or restrict any372
425425 other power of the board.373
426426 (c) The powers enumerated in this section are conferred for an essential governmental374
427427 function for a public purpose, and the revenues and debt of any district are not subject to375
428428 taxation.376
429429 SECTION 11.377
430430 Bonds generally.378
431431 (a) Notes or other obligations issued by a district other than general obligation bonds shall379
432432 be paid solely from the property pledged to pay such notes or other obligations. General380
433433 obligation bonds issued by any district shall constitute a general obligation of the district to381
434434 the repayment of which the full faith, credit and taxing power of the district shall be pledged.382
435435 (b) All bonds, notes, and other obligations of any district shall be authorized by resolution383
436436 of its board, adopted by a majority vote of the board members at a regular or special meeting.384
437437 (c) Bonds, notes, or other obligations shall bear such date or dates, shall mature at such time385
438438 or times (not more than 30 years from their respective dates), shall bear interest at such rate386
439439 or rates (which may be fixed or may fluctuate or otherwise change from time to time), shall387
440440 be subject to redemption on such terms, and shall contain such other terms, provisions,388
441441 covenants, assignments, and conditions as the resolution authorizing the issuance of such389
442442 bonds, notes, or other obligations may permit or provide. The terms, provisions, covenants,390
443443 assignments, and conditions contained in or provided or permitted by any resolution of the391
444444 board authorizing the issuance of such bonds, notes, or other obligations shall bind the board392
445445 members of the district then in office and their successors.393
446446 (d) The board shall have power from time to time and whenever it deems it expedient to394
447447 refund any bonds by the issuance of new bonds, whether or not the bonds to be refunded395
448-have matured, and may issue bonds partly to refund bonds then outstanding and partly for396
449448 S. B. 70
450449 - 16 - 25 LC 44 2889
451-any other purpose permitted by this Act. The refunding bonds may be exchanged for the
452-397
450+have matured, and may issue bonds partly to refund bonds then outstanding and partly for
451+396
452+any other purpose permitted by this Act. The refunding bonds may be exchanged for the397
453453 bonds to be refunded, with such cash adjustments as may be agreed upon, or may be sold and398
454454 the proceeds applied to the purchase or redemption of the bonds to be refunded.399
455455 (e) There shall be no limitation upon the interest rates or any maximum interest rate or rates400
456456 on any bonds, notes, or other obligations of the district; the usury laws of this State shall not401
457457 apply to bonds, notes, or other obligations of these districts.402
458458 (f) Bonds issued by a district may be in such form, either coupon or fully registered, or both403
459459 coupon and fully registered and may be subject to such exchangeability and transferability404
460460 provisions as the bond resolution authorizing the issuance of such bonds or as any indenture405
461461 or trust agreement may provide.406
462462 (g) Bonds issued by a district shall be validated and in accordance with Article 3 of Chapter407
463463 82 of Title 36 of the O.C.G.A., known as the "Revenue Bond Law," or in accordance with408
464464 such other successor provision governing bond validation generally as may be provided by409
465465 law. The signature of the Clerk of the Superior Court of Rockdale County shall be made on410
466466 the certificate of validation of such bonds by facsimile or by manual execution, stating the411
467467 date on which such bonds were validated; such entry shall be original evidence of the fact412
468468 of judgment and shall be received as original evidence in any court in this State.413
469469 (h) In lieu of specifying the rate or rates of interest which such bonds are to bear, and the414
470470 principal amount and maturities of such bonds, the notice to the district attorney or the415
471471 attorney general, the notice to the public of the time, place, and date of the validation hearing,416
472472 and the petition and complaint for validation may state that the bonds when issued will bear417
473473 interest at a rate not exceeding a maximum per annum rate of interest (which may be fixed418
474474 or may fluctuate or otherwise change from time to time) and that the principal amount will419
475475 not exceed and the final maturity date will not be later than as specified in such notices and420
476476 petition and complaint or may state that, in the event the bonds are to bear different rates of421
477477 interest for different maturity dates, none of such rates will exceed the maximum rate (which422
478-may be fixed or may fluctuate or otherwise change from time to time) so specified; provided,423
479-however, that nothing in this section shall be construed as prohibiting or restricting the right424
480478 S. B. 70
481479 - 17 - 25 LC 44 2889
482-of a board to sell such bonds at a discount, even if in doing so the effective interest cost
483-425
480+may be fixed or may fluctuate or otherwise change from time to time) so specified; provided,
481+423
482+however, that nothing in this section shall be construed as prohibiting or restricting the right424
483+of a board to sell such bonds at a discount, even if in doing so the effective interest cost425
484484 resulting therefrom would exceed the maximum per annum interest rate specified in such426
485485 notices and in the petition and complaint.427
486486 (i) The terms "cost of the project" and "cost of any project" shall have the meaning428
487487 prescribed herein whenever those terms are referred to in bond resolutions of a board, in429
488488 bonds, notes, or other obligations of the district, or in notices or proceedings to validate such430
489489 bonds, notes, or other obligations of a district.431
490490 SECTION 12.432
491491 Authorized contents of agreements and instruments of board generally; use of proceeds of433
492492 sale of bonds, notes and other obligations; subsequent issues thereof.434
493493 (a) Subject to the limitations and procedures provided by this section and by the immediately435
494494 preceding section, the agreements or instruments executed by a board may contain such436
495495 provisions not inconsistent with law as shall be determined by such board.437
496496 (b) The proceeds derived from the sale of all bonds, notes, and other obligations issued by438
497497 a district shall be held and used for the ultimate purpose of paying, directly or indirectly as439
498498 permitted by this Act, all or part of the cost of any project, or for the purpose of refunding440
499499 any bonds, notes, or other obligations issued in accordance with this Act.441
500500 (c) Issuance by a board of one or more series of bonds, notes, or other obligations for one442
501501 or more purposes shall not preclude it from issuing other bonds, notes, or obligations in443
502502 connection with the same project or with any other projects; but the proceeding wherein any444
503503 subsequent bonds, notes, or other obligations are issued shall recognize and protect any prior445
504504 loan agreement, security agreement, or other agreement or instrument made for any prior446
505505 issuance of bonds, notes, or other obligations, unless in the resolution authorizing such prior447
506-issuance the right is expressly reserved to the board to issue subsequent bonds, notes, or other448
507-obligations on a parity with such prior issuance.449
508506 S. B. 70
509507 - 18 - 25 LC 44 2889
510-SECTION 13.
511-450
508+issuance the right is expressly reserved to the board to issue subsequent bonds, notes, or other
509+448
510+obligations on a parity with such prior issuance.449
511+SECTION 13.450
512512 Construction; notice, proceeding, publication, referendum.451
513513 This Act shall be liberally construed to affect the purposes hereof. No notice, proceeding,452
514514 or publication except those required hereby shall be necessary to the performance of any act453
515515 authorized hereby, nor shall any such act be subject to referendum.454
516516 SECTION 14.455
517517 Dissolution.456
518518 (a)(1) Any district activated under the provisions of this Act may be dissolved.457
519519 (2) The conditions for such dissolution shall be:458
520520 (A) The adoption of a resolution approving of the dissolution of such community459
521521 improvement district by the governing authority of the City of Conyers; and460
522522 (B) The written consent to the dissolution of the community improvement district by:461
523523 (i) A majority of the owners of real property within the district which are subject to462
524524 taxes, fees, and assessments levied by the board of the district; and463
525525 (ii) The owners of real property constituting at least 75 percent by value of all real464
526526 property within the district which are subject to taxes, fees, and assessments levied by465
527527 the board. For this purpose, value shall be determined by the most recent approved466
528528 county ad valorem tax digest.467
529529 (3) The written consents provided for in subparagraph (B) of paragraph (2) of this468
530530 subsection shall be submitted to the Rockdale County Tax Commissioner, who shall certify469
531-whether subparagraph (B) of paragraph (2) of this subsection has been satisfied with470
531+S. B. 70
532+- 19 - 25 LC 44 2889
533+whether subparagraph (B) of paragraph (2) of this subsection has been satisfied with
534+470
532535 respect to each proposed district dissolution.471
533536 (b) In the event that successful action is taken pursuant to this section to dissolve the district,472
534537 the dissolution shall become effective at such time as all debt obligations of the district have473
535538 been satisfied. Following a successful dissolution action and until the dissolution becomes474
536-S. B. 70
537-- 19 - 25 LC 44 2889
538-effective, no new projects may be undertaken, obligations or debts incurred, or property
539-475
539+effective, no new projects may be undertaken, obligations or debts incurred, or property475
540540 acquired.476
541541 (c) Upon a successful dissolution action, all noncash assets of the district other than public477
542542 facilities or land or easements to be used for such public facilities, as described in Section 2478
543543 of this Act, shall be reduced to cash and, along with all other cash on hand, shall be applied479
544544 to the repayment of any debt obligation of the district. Any cash remaining after all480
545545 outstanding obligations are satisfied shall be remitted to the City of Conyers.481
546546 (d) When a dissolution becomes effective, the City of Conyers shall take title to all property482
547547 previously in the ownership of the district, and all taxes, fees, and assessments of the district483
548548 shall cease to be levied and collected.484
549549 (e) A district may be reactivated in the same manner as an original activation.485
550550 (f) In the event that any district shall be dissolved in accordance with this section, the board486
551551 shall serve until December 31 of the year in which dissolution was approved for the purpose487
552552 of concluding any ongoing matters and projects. However, if such ongoing matters and488
553553 projects cannot be concluded by December 31 of such year, then the governing authority of489
554554 the City of Conyers shall assume the duties of the board and shall be expressly authorized490
555555 to exercise the authority of the board of the dissolved district. In the alternative, the491
556556 governing authority of the City of Conyers may, by resolution, assume all rights and492
557557 obligations of the district, either bonds or otherwise, and the district shall cease to exist upon493
558558 the adoption of such resolution.494
559-SECTION 15.495
559+S. B. 70
560+- 20 - 25 LC 44 2889
561+SECTION 15.
562+495
560563 Repealer.496
561564 All laws and parts of laws in conflict with this Act are repealed.497
562565 S. B. 70
563-- 20 -
566+- 21 -