ATLANTA (March 14, 2013) –Senator Ed Harbison (D-Columbus) led the passage of House Bill 414 which authorizes Columbus to exercise all restoration powers permitted under the Redevelopment Powers Law. The State Senate passed the bill with a vote of 48-1.
“This piece of legislation is a great step in making essential improvements in the Columbus area,” said Sen. Harbison. “As our infrastructure continues to age, this bill will serve as a way to make necessary enhancements to our community. It will also open the door for numerous economic development projects that will continue to revitalize the economy in our portion of the state.”
This legislation amends the State Constitution to authorize the consolidated government of Columbus to exercise all reinvestment and other powers permitted under the Redevelopment Powers Law. Such powers include undertaking and carrying out community redevelopment, creating tax allocation districts, and issuing tax allocation bonds.
HB 414 now heads to the Governor’s desk for his approval to become law.
RELEASE
For Immediate Release:
March 14, 2013
For Information Contact:
Jennifer Yarber, Interim Director
Adam Sweat, Communications Specialist
Adam.Sweat@senate.ga.gov
404.656.0028