Financing (5)

Date of Last Recorded Action: 5/7/2024

SB 0020 NeutralBanking Improvement Zones Michael Rhett
1/1/2021 Effective Date Banks and Banking Banking and Financial Institutions -
2019/01/18 Report 2019/02/15 Report 2019/03/01 Report 2019/03/08 Report 2019/03/22 Report
Financing Larry Ramsey Revenue & Finance
This legislation authorizes the creation of banking improvement zones, with the stated goal of encouraging new banks in areas underserved by banks.  Local governments can apply to the Department of Community Affairs for a banking improvement zone designation.  If the designation is granted, the local government will designate a bank within the zone to be the depository for local government funds, and subject to agreement with the bank, designate a fixed interest rate that is at or below the posted two-year certificate of deposit rate at the bank.
SB 0157 SupportDepositories of Public Funds - Reciprocal Deposits John Kennedy
5/2/2019 Effective Date Banks and Banking Banking and Financial Institutions -
2019/03/01 Report 2019/03/08 Report 2019/03/29 Report Financing Larry Ramsey
Revenue & Finance
This bill would allow local governments to deposit public funds into a "reciprocal deposit" program, under which the funds would be distributed to various banks and the funds in each bank would be insured to the FDIC limit. Detailed rules for the program would be developed by the State Depository Board.
SB 0194 SupportPublic Safety and Judicial Facilities Authorities Elena Parent
2/27/2019 Senate Read and Referred -State and Local Governmental Operations -
2019/03/01 Report Financing Larry Ramsey Revenue & Finance
This bill would repeal statutes that require referendum approval for any bond issue by public safety and judicial facilities authorities. Such authorities may be activated in any county or city.
SB 0309 SupportLocal Government Infrastructure Finance Authority Act Jesse Stone
2/20/2020 Senate Read Second Time -State and Local Governmental Operations -
2020/01/31 2020/02/21 Report Financing Larry Ramsey Revenue & Finance
This bill would authorize the creation of two authorities with powers to provide financing for local government infrastructure and equipment: one administered by the Georgia Municipal Association and one administered by ACCG. These authorities could bundle purchases and financing for multiple local governments in one bond transaction.
SR 0885 SupportConstitutional Amendment: Allowing State to Bond Airport Projects Tyler Harper
6/15/2020 House Second Readers Appropriations Transportation -
2020/03/06 Report 2020/03/13 Report Airports Financing General County Government
Kathleen Bowen Revenue & Finance
This proposed constitutional amendment would allow the state to incur general obligation debt in order to make loans or grants to local governments and local authorities that own airports for the acquisition, construction, development, extension, enlargement, or improvement of airports.
Green background on status indicates a bill has been acted on the last recorded legislative day.

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