Bill would help development authorities – Atlanta Business Chronicle

5
Mar

Bill would help development authorities – Atlanta Business Chronicle

The Georgia Senate passed legislation Monday to remove some of the legal requirements governing bond validation hearings that have been used to block development projects from moving forward.

The bill, which passed 35-13, would remove a requirement that either the attorney general or a district attorney be present at hearings to validate bonds development authorities are seeking to sell to finance building projects.

That legal hurdle has been used as the basis for lawsuits challenging bond validations in cases across Georgia, said Sen. Brandon Beach, R-Alpharetta, the bill’s chief sponsor.

via Bill would help development authorities – Atlanta Business Chronicle.

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