ROCKDALE COUNTY PRESS RELEASE

 

 

 For Immediate Release

January 25, 2022

 

Rockdale County BOC Approves Resolution for Public Facilities Authority

 

ROCKDALE COUNTY, Ga. – In a virtual voting session on January 25, 2022, the Rockdale County Board of Commissioners has approved a resolution to create a new public facilities authority to help facilitate its plan for future growth.

The authority will provide the County, the School District and the City of Conyers with an additional method of financing government projects. Bonds issued by the authority will have the lowest possible interest rates and cost of issuance. The authority can raise capital to be used in the acquisition, design, and construction of public facilities.  The County is limited by the Georgia Constitution in its ability to contractually commit expenditures of public funds beyond one year. A public facilities authority can commit expenditures up to 40 years. This arrangement also keeps ownership of these facilities within public entities.

Creating a public facilities authority requires an act of the Georgia legislature. The intent is to have the legislation approved during the 2022 Georgia General Assembly, which is currently in session.

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