Georgia HB1580 repeals and replaces existing provisions for the Henry County Airport Authority, establishing its membership, powers, and bond.
Georgia HB1580 amends the Henry County Airport Authority's operative provisions, establishing a seven-member authority with specific appointment rules. The authority can issue revenue bonds for airport projects, exempt from state taxation, and secured by a trust indenture. It can also issue refunding bonds and exercise eminent domain. The authority's revenues are exempt from federal and state taxes, and its bonds are negotiable instruments. The authority's purpose is to acquire, construct, equip, maintain, improve, and operate airports and landing fields for aircraft.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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