Georgia HB 1523

A BILL to be entitled an Act to create the Sumter County Public Facilities Authority and to provide for the appointment of members of the authority; to confer powers upon the authority; to authorize and provide for the issuance of revenue bonds; to provide that credit is not pledged; to provide for security, validation, and protection of revenue bonds; to provide bondholder remedies; to fix and provide the venue and jurisdiction; to provide for proceeds as trust funds; to provide for tort immunity; to provide for the tax statutes of property and revenue bonds of the authority; to provide for reversion of assets; to provide for construction and severability; to provide a short title; to provide for definitions; to provide for related matters; to repeal conflicting laws; and for other purposes.