Rule 110-3-4-.01 - Purpose and Overview(1)Purpose. These rules become effective January 1, 2023. The purpose of these rules is to provide the title and general format of the Annual Authority Registration and Financial Reporting report, to establish means for electronic submission of the report, and to establish due dates for submission of the reports to the Department of Community Affairs.(2)Overview. O.C.G.A. § 36-81-8 and O.C.G.A. § 36-80-16 require: (a) Local independent authorities must submit an annual report of bonded indebtedness to the Department of Community Affairs. This report shall include the revenues, expenditures, assets, and debts of all funds of the local independent authority and shall describe any actions taken by such local independent authority to incur indebtedness.(b) All local government authorities authorized to operate in the State of Georgia must register annually with the Department of Community Affairs.(c) These reports must be filed in such form and at such times as are specified by rule of the Department of Community Affairs. The Department requires the submission of these reports in accordance with this code section and these rules as a condition of independent authorities receiving state appropriated funds from the Department of Community Affairs.(3)Changes and Interpretation. These rules and regulations may from time to time be revised by the Department. The Department is the final authority for interpretation of these rules.Ga. Comp. R. & Regs. R. 110-3-4-.01
O.C.G.A. §§ 36-81-8; 36-80-16.
Original Rule entitled "Purpose" adopted. F. Dec. 10, 1991; eff. Dec. 30, 1991.Amended: F. June 3, 2003; eff. June 23, 2003.Repealed: New Rule titled "Purpose and Overview" adopted. F. Nov. 28, 2022; eff. Dec. 18, 2022.