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Peach Sheet


The Act authorizes the General Assembly to create infrastructure development districts (IDDs) by general law. An IDD is a geographic area in which developers may issue tax exempt bonds to finance infrastructure that supports new development inside the district. These new entities will provide a way for local governments experiencing population growth pressures to transfer the cost of financing public infrastructure to the private sector. The Act establishes procedures that allow landowners to petition a local government to create an IDD and, if approved, the procedures for creating a governing board. Most significantly, it provides the governing board with the authority to fund projects and maintain district infrastructure by borrowing money, issuing tax-exempt bonds, and levying assessments on new landowners, without regard to constitutional debt limitations. Senate Resolution 309 is enabling legislation for Senate Bill 200, and calls for a constitutional amendment that would authorize the Georgia General Assembly to create and regulate Infrastructure Development Districts.

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