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Senate Bill 0329


 

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Senate Bill 0329

ARCHIVE (2005)

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DIGEST OF SB 329 (Updated April 25, 2005 6:03 pm - DI 92)

Henry County food and beverage tax. Extends until December 31, 2015 (instead of December 31, 2004), Henry County's authority to pay for capital improvements with food and beverage tax revenues or to issue bonds or enter into leases or other obligations payable from food and beverage tax revenues. Provides that a member of the capital improvements committee may be reappointed upon the expiration of the member's term (current law requires the member to be reappointed). Specifies that the county may use the food and beverage tax revenues on a pay-as- you-go basis to undertake capital improvements and may pledge other available revenues to the payment of bonds payable from the food and beverage tax. Provides that the bonds may be issued for a term of not more than 20 years, with the term including any refunding bonds. Deletes an incorrect reference to the use of money in the county's food and beverage tax receipts fund for the operating expenses of projects (which is prohibited by another provision in current law).
    Current Status:
     Law Enacted
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