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Newton County asks General Assembly to expand Public Facilities Authority financing powers
Summary
The Newton County Board of Commissioners unanimously approved a resolution asking the state General Assembly to amend the local act creating the Newton County Public Facilities Authority to let the authority finance a broader range of county, school district and municipal projects.
Newton County commissioners on Jan. 7 unanimously approved Resolution R010725 requesting that the Georgia General Assembly introduce and pass a local act amending the law that created the Newton County Public Facilities Authority so the authority may finance a wider range of county projects and, with board approval, assist school district and municipal projects.
John Stetter, who spoke to the board on behalf of county finance and legal staff, said the authority was created in 2020 primarily as a conduit for revenue-like financing and…
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