SUMMARY:  LC 47 1252

The bill deals with annexation disputes.  It would allow the dispute basis to include financial incentives -- tax abatements, rebates, revenue bonds or other revenue obligations, and private activity bonds. It defines affected local government as a county, city, or school district reasonably expected to be financially impacted by financial incentives offered or granted to or for the benefit of a private entity by a county, city, local government authority whose area of operation lies in whole or in part in the same territory as the affected local government.

Upon receipt of a petition of annexation the city would have to notify the governing authority of any affected local government, rather than just the county. The affected local government could by majority vote object to the proposal. The dispute process would then include these affected governments.

No development authority, county, consolidated government, or city would be allowed to enter into any contract or agreement to provide financial incentives unless they provided written notice of the intent to all affected governments on the proposed contract or agreement.  The written notice must be delivered by a minimum of seven days prior to the date of a vote for approval. The bill includes requirements for the notice.

The bill also grants the same standing as a citizen to any affected local government covering the geographic area of the governing body desiring to issue bonds. 

EFFECTIVE DATE:

July 1, 2022