§ 36-44-1. Short Title
This chapter shall be known and may be cited as the “Redevelopment Powers Law.” History. Code 1981, § 36-44-1 , enacted by Ga. L. 2009, p. 158, § 2/HB 63. Cross references. PILOT restriction, § 36-80-16.1 .
§ 36-44-10. Determination of Tax Allocation Increment Base of Tax Allocation District; Annual Notice
No later than the effective date of the creation of the tax allocation district, the redevelopment agency shall apply, in writing, to the state revenue commissioner for a determination of the tax allocation increment base of the tax allocation district. Within a reasonable time, and not exceeding 60 days after the effective date of the […]
§ 36-44-11. Positive Tax Allocation Increments
Positive tax allocation increments of a tax allocation district shall be allocated to the political subdivision which created the district for each year from the effective date of the creation of the district until that time when all redevelopment costs and all tax allocation bonds of the district have been paid or provided for, subject […]
§ 36-44-12. Termination of Tax Allocation Districts
The existence of a tax allocation district shall terminate when the local legislative body, by resolution, dissolves the district, but no such resolution may be adopted until all redevelopment costs have been paid. History. Code 1981, § 36-44-12 , enacted by Ga. L. 2009, p. 158, § 2/HB 63.
§ 36-44-13. Payment of Redevelopment Costs
Payment of redevelopment costs may be made by any of the following methods or any combination thereof: Payment by the political subdivision from the special fund of the tax allocation district; Payment from the general funds of a political subdivision subject to the limitations of Code Sections 36-44-9 and 36-44-20; Payment out of the proceeds […]
§ 36-44-14. Issuance of Tax Allocation Bonds; Authorization of Tax Allocation Notes and Other Obligations; Increasing Security and Marketability Amount; Certificate of Validation; Interest; Redevelopment Cost Anticipation Notes
Only for the purpose of paying redevelopment costs for a tax allocation district created under this chapter, the local legislative body may issue tax allocation bonds. Tax allocation bonds are declared to be negotiable instruments. Tax allocation bonds issued under the provisions of this chapter are declared to be issued for an essential public and […]
§ 36-44-15. Determining Tax Millage Rate; No Freeze to Ad Valorem Tax Millage
For the purpose of fixing the tax millage rate to fund the annual budget of each political subdivision or county or independent board of education having the power to levy taxes or set ad valorem tax millage rates on property located within a tax allocation district, which has consented to the inclusion of its ad […]
§ 36-44-16. Loans for Financing Redevelopment Costs
As an additional source for financing redevelopment costs, a political subdivision or its redevelopment agency may borrow funds from financial institutions and, in connection therewith, may pledge or assign lease contracts or revenue received from lease contracts on property owned by the political subdivision or its redevelopment agency within a redevelopment area. A political subdivision […]
§ 36-44-17. Limitation on Creation of Tax Allocation District
No political subdivision may create a tax allocation district when the total current taxable value of property subject to ad valorem property taxes within the proposed district plus the total current taxable value of property subject to ad valorem property taxes within all its existing tax allocation districts exceeds 10 percent of the total current […]
§ 36-44-18. Application of Urban Redevelopment Law
It is specifically provided that Code Section 36-61-16 of the “Urban Redevelopment Law,” which Code section provides for cooperation among public bodies for redevelopment purposes under said law, shall be applicable to the exercise of redevelopment powers provided by this chapter. History. Code 1981, § 36-44-18 , enacted by Ga. L. 2009, p. 158, § […]
§ 36-44-19. Contracting With Private Individuals or Entities
A political subdivision may enter into any contract relating to the exercise of its redevelopment powers under this chapter with any private persons, firms, corporations, or business entities for any period not exceeding 30 years. Such contracts may include, without being limited to, contracts to convey or otherwise obligate real property for redevelopment under this […]
§ 36-44-2. Legislative Findings and Purpose
It is found and declared that economically and socially depressed areas exist within counties and municipalities of this state and that these areas contribute to or cause unemployment, limit the tax resources of counties and municipalities, and create a greater demand for governmental services and, in general, have a deleterious effect upon the public health, […]
§ 36-44-20. Requirement of Insufficiency
Notwithstanding any other provisions of this chapter, a local legislative body may use, pledge, or otherwise obligate its general funds for payment or security for payment of tax allocation bonds issued or incurred under this chapter but only if those general funds are derived from a designated tax allocation district and used for payment or […]
§ 36-44-21. Public Employees and Officials Prohibited From Holding Interest Disclosures; Voidability of Prohibited Transactions; Misconduct in Office
No elected or appointed official or employee of a political subdivision or a board, commission, or redevelopment agency thereof shall voluntarily acquire any interest, direct or indirect, in any property included or planned to be included in a redevelopment area, or in any contract or transaction or proposed contract or transaction in connection with the […]
§ 36-44-22. Approval of Local Law; Expansion of Authorities by Localities Prohibited
Redevelopment powers under this chapter may not be exercised by any political subdivision unless so authorized by a local law relating thereto, which local law may limit but may not expand those redevelopment powers established by this chapter as to the local political subdivision to which the local law is applicable. Such local law, and […]
§ 36-44-23. Cumulative and Supplemental Powers
The powers provided by this chapter are intended by the General Assembly to be cumulative and supplemental to any powers heretofore provided by law for counties, municipalities, and consolidated governments of this state and not in lieu of any such heretofore existing powers. History. Code 1981, § 36-44-23 , enacted by Ga. L. 2009, p. […]
§ 36-44-3. Definitions
As used in this chapter, the term: “Ad valorem property taxes” means all ad valorem property taxes levied by each political subdivision and each county and independent board of education consenting to the inclusion of that board of education’s property taxes as being applicable to a tax allocation district as provided by Code Section 36-44-9, […]
§ 36-44-4. Local Legislative Bodies Serving as Redevelopment Agency; Common Redevelopment Agency
As an alternative to the creation of a redevelopment agency provided for by subsections (b) through (f) of this Code section, the local legislative body of a political subdivision, by resolution, may designate itself as its respective redevelopment agency and may exercise, within its respective area of operation, the redevelopment powers provided by this chapter. […]
§ 36-44-5. Power of Political Subdivision
Subject to the limitation of subsection (b) of this Code section, a political subdivision may exercise any powers necessary or convenient to carry out the purposes of this chapter, including, but not limited to, the power to: Describe the boundaries of one or more redevelopment areas within its area of operation, but any redevelopment area […]
§ 36-44-6. Delegation of Powers; Limitations on Delegation
Subject to the limitations of subsection (b) of this Code section, the local legislative body of a political subdivision, by resolution, may delegate any of its redevelopment powers to its redevelopment agency created or designated pursuant to Code Section 36-44-4. The local legislative body shall have authority to delegate some or all such powers in […]