Georgia Local Government Finance Authority Act; enact

Summary

The bill establishes a new public authority that can issue bonds and other debt to finance capital assets such as vehicles and equipment for counties, cities, school districts and other local entities. It defines the authority’s board, its powers, tax‑exempt status, and procedures so participating local governments can obtain financing at costs lower than the market.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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