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04 LC 18 3464
House Bill
1758
By: Representatives Reece of the 21st, Jamieson of the 22nd, Rogers of the 20th, and Amerson of the 9th
By: Representatives Reece of the 21st, Jamieson of the 22nd, Rogers of the 20th, and Amerson of the 9th
A BILL TO BE
ENTITLED
AN ACT
AN ACT
To amend Part 1 of Article 3 of Chapter 8 of Title 48 of the
Official Code of Georgia Annotated, relating to the special purpose 1 percent
sales and use tax, so as to require annual publication of certain information
regarding collection and expenditure of the proceeds of such tax; to provide an
effective date; to repeal conflicting laws; and for other
purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF
GEORGIA:
SECTION 1.
Part 1 of Article 3 of Chapter 8 of Title 48 of the Official
Code of Georgia Annotated, relating to the special purpose 1 percent sales and
use tax, is amended by adding a new Code section at the end thereof, to be
designated Code Section 48-8-122, to read as
follows:
"48-8-122.
The governing authority of the county and the governing authority of each municipality receiving any proceeds from the tax pursuant to a contract with the county shall maintain a record of each and every project for which the proceeds of the tax are used. Not later than December 31 of each year, the governing authority of each local government receiving any proceeds from the tax shall publish annually, in a newspaper of general circulation in the boundaries of such local government, a report which shows for each project in the resolution or ordinance calling for imposition of the tax the original estimated cost, the current estimated cost if it is not the original estimated cost, amounts expended in prior years, and amounts expended in the current year. The report shall also include a statement of what corrective action the local government intends to implement with respect to each project which is underfunded or behind schedule."
"48-8-122.
The governing authority of the county and the governing authority of each municipality receiving any proceeds from the tax pursuant to a contract with the county shall maintain a record of each and every project for which the proceeds of the tax are used. Not later than December 31 of each year, the governing authority of each local government receiving any proceeds from the tax shall publish annually, in a newspaper of general circulation in the boundaries of such local government, a report which shows for each project in the resolution or ordinance calling for imposition of the tax the original estimated cost, the current estimated cost if it is not the original estimated cost, amounts expended in prior years, and amounts expended in the current year. The report shall also include a statement of what corrective action the local government intends to implement with respect to each project which is underfunded or behind schedule."
SECTION 2.
This Act shall become effective upon its approval by the
Governor or upon its becoming law without such approval.
SECTION 3.
All laws and parts of laws in conflict with this Act are
repealed.