Bill Text: GA HB1052 | 2011-2012 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Metropolitan Atlanta Rapid Transit Authority Act of 1965; reconstitute board of directors
Spectrum: Partisan Bill (Republican 7-0)
Status: (Engrossed - Dead) 2012-03-29 - House Disagrees Senate Amend/Sub [HB1052 Detail]
Download: Georgia-2011-HB1052-Introduced.html
Bill Title: Metropolitan Atlanta Rapid Transit Authority Act of 1965; reconstitute board of directors
Spectrum: Partisan Bill (Republican 7-0)
Status: (Engrossed - Dead) 2012-03-29 - House Disagrees Senate Amend/Sub [HB1052 Detail]
Download: Georgia-2011-HB1052-Introduced.html
12 LC
39 0130
House
Bill 1052
By:
Representatives Jacobs of the
80th,
Riley of the
50th,
Lindsey of the
54th,
Geisinger of the
48th,
Taylor of the
79th,
and others
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend an Act known as the "Metropolitan Atlanta Rapid Transit Authority Act of
1965," approved March 10, 1965 (Ga. L. 1965, p. 2243), as amended, so as to
reconstitute the board of directors; to provide for staggered terms for board
members; provide for a limit on re-appointment of board members; to provide for
a method for nonparticipating counties to join the Authority; to prohibit the
Authority from entering into certain transactions; to provide for a suspension
of restrictions on the use of sales and use tax proceeds; to provide for related
matters; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
An
Act known as the "Metropolitan Atlanta Rapid Transit Authority Act of 1965,"
approved March 10, 1965 (Ga. L. 1965, p. 2243), as amended, is amended by
revising subsections (a) through (h) of Section 6 as follows:
"(a)
The Board of Directors of the Authority shall be composed of
18
11
members.
Four
Three
members shall be residents of the City of Atlanta to be nominated by the Mayor
and elected by the City Council;
five
four members
shall be residents of DeKalb County
with three of
the four appointees to be appointed by the
local governing body thereof and at least one of such appointees shall be a
resident of that portion of DeKalb County lying south of the southernmost
corporate boundaries of the City of Decatur and at least one of such appointees
shall be a resident of that portion of DeKalb County lying north of the
southernmost corporate boundaries of the City of Decatur
and the other
appointee to be appointed by a majority vote of a caucus of mayors of DeKalb
County; three members shall be residents
of Fulton County
to be
appointed by the local governing body thereof, and at
least
and
one of such
appointees
members
shall be a resident of that portion of Fulton County lying south of the
corporate limits of the City of Atlanta
to be
appointed by the local governing body of Fulton County and two of such members
shall be residents of that portion of Fulton County lying north of the corporate
limits of the City of Atlanta to be appointed by a majority vote of a caucus of
mayors of the municipalities lying north of the City of Atlanta; and one member
shall be the executive director of the Georgia Regional Transportation
Authority. Those board members appointed by a local governing authority as
described in this section in office as of January 1, 2013, shall serve initial
terms of office as follows: two of the three appointees of the DeKalb County
Board of Commissioners, two of the three appointees of the mayor and city
council of Atlanta, and one of the two appointees of the caucus of mayors from
municipalities lying north of the City of Atlanta shall serve a term of two
years, and the remaining appointees shall serve for terms of four years. Each
local governing authority or caucus shall designate which board members shall
serve an initial term of two years no later than November 1,
2012.
and that
membership position held by a Fulton County resident, appointed by the local
governing body of that county, the term of which position expires December 31,
1988, shall, beginning on and after January 1, 1989, be filled by the local
governing body of Fulton County appointing a person who is a resident of that
portion of Fulton County lying north of the corporate limits of the City of
Atlanta; one member shall be a resident of Clayton County to be appointed by the
local governing body thereof; and one member shall be a resident of Gwinnett
County to be appointed by the local governing body thereof. Four members,
representing the State, shall be as follows: the Commissioner of the Department
of Transportation who shall be an ex officio member; the State Revenue
Commissioner who shall be an ex officio member; the Executive Director of the
State Properties Commission who shall be an ex officio member; and the Executive
Director of the Georgia Regional Transportation Authority who shall be an ex
officio member. The first member who must be a resident of that portion of
Fulton County lying south of the corporate limits of the City of Atlanta shall
be appointed by the governing body of Fulton County to take office on July 1,
1985, for an initial term ending December 31, 1986. The two members who are
DeKalb County residents and appointed by the governing authority thereof and who
are added by this paragraph shall each be appointed by the governing body of
DeKalb County to take office on July 1, 1985, for an initial term ending
December 31, 1986. After the initial terms of those three members added to the
Board in 1985,
After the
initial two-year terms of those four board members described in this
subsection, that governing body which
appointed the member for that initial term to that office shall appoint
successors thereto for terms of office of four years in the same manner that
such governing body makes its other appointments to the Board.
The
initial terms of the four members added in 1976 by the above paragraph shall be
as follows: the member from DeKalb County to be appointed by the local
governing body of DeKalb County shall be appointed no later than sixty days
after the effective date of this subsection for a term ending December 31, 1978,
and shall take office immediately upon appointment; the Commissioner of the
Department of Transportation, the State Revenue Commissioner and the Executive
Director of the State Properties Commission shall become members of the Board on
the effective date of this subsection and shall serve while holding their State
offices.
The Executive Director of the Georgia Regional Transportation Authority shall become a member of the Board on the effective date of this sentence and shall serve while holding his or her State office.
Except as provided above, all appointments shall be for terms of four years except that a vacancy caused otherwise than by expiration shall be filled for the unexpired portion thereof by the local governing body which made the original appointment to the vacant position, or its successor in office. A member of the Board may be appointed to succeed himself or herself for one four-year term. Appointments to fill expiring terms shall be made by the local governing body prior to the expiration of the term, but such appointments shall not be made more than thirty days prior to the expiration of the term. Members appointed to the Board shall serve for the terms of office specified in this section and until their respective successors are appointed and qualified.
(b) Having initially declined membership on the Board and further participation in the Authority, Cobb County may at any time reclaim its membership on the Board and participate further in the Authority as provided in this subsection (b). The local governing body bodies of Clayton, Cobb, and Gwinnett County counties may, any other provision of this Act to the contrary notwithstanding, negotiate, enter into, and submit to the qualified voters of their respective counties Cobb County the question of approval of a rapid transit contract between Cobb County the county submitting the question and the Authority, all in accordance with the provisions of Section 24 of this Act. The local governing body bodies of Cobb County these counties shall be authorized to execute such rapid transit contract prior to the holding of the referendum provided for in said Section 24; provided, however, that such rapid transit contract shall not become valid and binding unless the same is approved by a majority of those voting in said referendum, which approval shall also be deemed approval of further participation in the Authority. Upon approval of such rapid transit contract, Cobb County the county entering into such contract shall be a participant in the Authority, and its rights and responsibilities shall, insofar as possible, be the same as if it had participated in the Authority from its beginning, and the local governing body of Cobb County the county may then appoint two residents of Cobb County the county to the Board of Directors of the Authority, to serve a term ending on the 31st day of December in the fourth full year after the year in which the referendum approving said rapid transit contract was held, in which event the Board of Directors of the Authority shall, subsection (a) of this Section 6 to the contrary notwithstanding, be composed of 16 such additional members.
(c) Reserved.
(d) Except for the ex officio members of the Board, no Except for the Executive Director of the Georgia Regional Transportation Authority, no person shall be appointed as a member of the Board who holds any other public office or public employment except an office in the reserves of the armed forces of the United States or the National Guard; any member who accepts or enters upon any other public office or public employment shall be disqualified thereby to serve as a member.
(e) A local governing body may remove any member of the Board appointed by it for cause. No member shall be thus removed unless he or she has been given a copy of the charges against him or her and an opportunity to be publicly heard in his or her own defense in person or by counsel with at least ten days' written notice to the member. A member thus removed from office shall have the right to a judicial review of his the member's removal by an appeal to the superior court of the county of the local governing body which appointed him the member, but only on the ground of error of law or abuse of discretion. In case of abandonment of his the member's office, conviction of a crime involving moral turpitude or a plea of nolo contendere thereto, removal from office, or disqualification under subsection (d) hereof, the office of a member shall be vacant upon the declaration of the Board. A member shall be deemed to have abandoned his the member's office upon failure to attend any regular or special meeting of the Board for a period of four months without excuse approved by a resolution of the Board, or upon removal of his the member's residence from the territory of the local governing body which appointed him the member.
(f) Each appointed member of the Board, except the Chairman Chairperson, shall be paid by the Authority a per diem allowance, in an amount equal to that provided by Code Section 45-7-21 of the Official Code of Georgia Annotated, as now in effect or as it may hereafter be amended, for each day on which that member attends an official meeting of the Board, of any committee of the Board, or of the Authority's Pension Committee, Board of Ethics, or Arts Council; provided, however, that said per diem allowance shall not be paid to any such member for more than 130 days in any one calendar year. If the Chairman Chairperson of the Board is an appointed member of the Board, the Chairman Chairperson shall be paid by the Authority a per diem allowance in the same amount for each day in which the Chairman Chairperson engages in official business of the Authority, including but not limited to attendance of any of the aforesaid meetings. A member of the Board shall also be reimbursed for actual expenses incurred by that member in the performance of that members member's duties as authorized by the Board. A Board member shall not be allowed employee benefits authorized under Section 8(b).
(g) The Board shall elect one of its members as chairman chairperson and another as vice-chairman vice-chairperson for terms to expire on December 31 of each year to preside at meetings and perform such other duties as the Board may prescribe. The presiding officer of the Board may continue to vote as any other member, notwithstanding his the member's duties as presiding officer, if he or she so desires. The Board shall also elect from its membership a secretary and a treasurer who shall serve terms expiring on December 31 of each year. A member of the Board may hold only one office on the Board at any one time.
(h) The Board shall hold at least one meeting each month. The Secretary of the Board shall give written notice to each member of the Board at least two days prior to any called meeting that may be scheduled, and said Secretary shall be informed of the call of such meeting sufficiently in advance so as to provide for his giving notice as above. A majority of the total membership of the Board, as it may exist at the time, shall constitute a quorum. On any question presented, the number of members present shall be recorded. By affirmative vote of a majority of the members present, the Board may exercise all the powers and perform all the duties of the Board, except as otherwise hereinafter provided or as limited by its bylaws, and no vacancy on the original membership of the Board, or thereafter, shall impair the power of the Board to act. All meetings of the Board, its Executive Committee, or any committee appointed by the Board shall be subject to all provisions, except for Section 2(a), of an Act providing that all meetings of certain public bodies shall be open to the public, approved March 28, 1972 (Ga. L. 1972, p. 575), as now or hereafter amended Chapter 14 of Title 50 of the Official Code of Georgia Annotated."
The Executive Director of the Georgia Regional Transportation Authority shall become a member of the Board on the effective date of this sentence and shall serve while holding his or her State office.
Except as provided above, all appointments shall be for terms of four years except that a vacancy caused otherwise than by expiration shall be filled for the unexpired portion thereof by the local governing body which made the original appointment to the vacant position, or its successor in office. A member of the Board may be appointed to succeed himself or herself for one four-year term. Appointments to fill expiring terms shall be made by the local governing body prior to the expiration of the term, but such appointments shall not be made more than thirty days prior to the expiration of the term. Members appointed to the Board shall serve for the terms of office specified in this section and until their respective successors are appointed and qualified.
(b) Having initially declined membership on the Board and further participation in the Authority, Cobb County may at any time reclaim its membership on the Board and participate further in the Authority as provided in this subsection (b). The local governing body bodies of Clayton, Cobb, and Gwinnett County counties may, any other provision of this Act to the contrary notwithstanding, negotiate, enter into, and submit to the qualified voters of their respective counties Cobb County the question of approval of a rapid transit contract between Cobb County the county submitting the question and the Authority, all in accordance with the provisions of Section 24 of this Act. The local governing body bodies of Cobb County these counties shall be authorized to execute such rapid transit contract prior to the holding of the referendum provided for in said Section 24; provided, however, that such rapid transit contract shall not become valid and binding unless the same is approved by a majority of those voting in said referendum, which approval shall also be deemed approval of further participation in the Authority. Upon approval of such rapid transit contract, Cobb County the county entering into such contract shall be a participant in the Authority, and its rights and responsibilities shall, insofar as possible, be the same as if it had participated in the Authority from its beginning, and the local governing body of Cobb County the county may then appoint two residents of Cobb County the county to the Board of Directors of the Authority, to serve a term ending on the 31st day of December in the fourth full year after the year in which the referendum approving said rapid transit contract was held, in which event the Board of Directors of the Authority shall, subsection (a) of this Section 6 to the contrary notwithstanding, be composed of 16 such additional members.
(c) Reserved.
(d) Except for the ex officio members of the Board, no Except for the Executive Director of the Georgia Regional Transportation Authority, no person shall be appointed as a member of the Board who holds any other public office or public employment except an office in the reserves of the armed forces of the United States or the National Guard; any member who accepts or enters upon any other public office or public employment shall be disqualified thereby to serve as a member.
(e) A local governing body may remove any member of the Board appointed by it for cause. No member shall be thus removed unless he or she has been given a copy of the charges against him or her and an opportunity to be publicly heard in his or her own defense in person or by counsel with at least ten days' written notice to the member. A member thus removed from office shall have the right to a judicial review of his the member's removal by an appeal to the superior court of the county of the local governing body which appointed him the member, but only on the ground of error of law or abuse of discretion. In case of abandonment of his the member's office, conviction of a crime involving moral turpitude or a plea of nolo contendere thereto, removal from office, or disqualification under subsection (d) hereof, the office of a member shall be vacant upon the declaration of the Board. A member shall be deemed to have abandoned his the member's office upon failure to attend any regular or special meeting of the Board for a period of four months without excuse approved by a resolution of the Board, or upon removal of his the member's residence from the territory of the local governing body which appointed him the member.
(f) Each appointed member of the Board, except the Chairman Chairperson, shall be paid by the Authority a per diem allowance, in an amount equal to that provided by Code Section 45-7-21 of the Official Code of Georgia Annotated, as now in effect or as it may hereafter be amended, for each day on which that member attends an official meeting of the Board, of any committee of the Board, or of the Authority's Pension Committee, Board of Ethics, or Arts Council; provided, however, that said per diem allowance shall not be paid to any such member for more than 130 days in any one calendar year. If the Chairman Chairperson of the Board is an appointed member of the Board, the Chairman Chairperson shall be paid by the Authority a per diem allowance in the same amount for each day in which the Chairman Chairperson engages in official business of the Authority, including but not limited to attendance of any of the aforesaid meetings. A member of the Board shall also be reimbursed for actual expenses incurred by that member in the performance of that members member's duties as authorized by the Board. A Board member shall not be allowed employee benefits authorized under Section 8(b).
(g) The Board shall elect one of its members as chairman chairperson and another as vice-chairman vice-chairperson for terms to expire on December 31 of each year to preside at meetings and perform such other duties as the Board may prescribe. The presiding officer of the Board may continue to vote as any other member, notwithstanding his the member's duties as presiding officer, if he or she so desires. The Board shall also elect from its membership a secretary and a treasurer who shall serve terms expiring on December 31 of each year. A member of the Board may hold only one office on the Board at any one time.
(h) The Board shall hold at least one meeting each month. The Secretary of the Board shall give written notice to each member of the Board at least two days prior to any called meeting that may be scheduled, and said Secretary shall be informed of the call of such meeting sufficiently in advance so as to provide for his giving notice as above. A majority of the total membership of the Board, as it may exist at the time, shall constitute a quorum. On any question presented, the number of members present shall be recorded. By affirmative vote of a majority of the members present, the Board may exercise all the powers and perform all the duties of the Board, except as otherwise hereinafter provided or as limited by its bylaws, and no vacancy on the original membership of the Board, or thereafter, shall impair the power of the Board to act. All meetings of the Board, its Executive Committee, or any committee appointed by the Board shall be subject to all provisions, except for Section 2(a), of an Act providing that all meetings of certain public bodies shall be open to the public, approved March 28, 1972 (Ga. L. 1972, p. 575), as now or hereafter amended Chapter 14 of Title 50 of the Official Code of Georgia Annotated."
SECTION
2.
Said
Act is further amended by revising subsection (c) of Section 8 as
follows:
"(c)
The power to acquire, lease (as lessee), purchase, hold,
own,
and use any franchise, property, real or personal, tangible or intangible, or
any interest therein, and to sell, lease (as lessor), transfer, or dispose
thereof whenever same is no longer required for purposes of the Authority, or
exchange same for other property or rights which are useful for its purposes.
On and after
January 1, 2013, the Authority shall not enter into or renew any contracts
related to structured lease transactions with financial institutions concerning
any capital assets of the
Authority."
SECTION
3.
Said
Act is further amended by revising subsections (a) and (k) of Section 14 as
follows:
"(a)
Except in the acquisition of unique property which for any reason is
unobtainable in the open market, and except as hereinafter otherwise provided,
competitive bids shall be secured before any acquisition or disposition of
properties by contract or otherwise is made by the Authority, or before any
contract is awarded for construction, alterations, supplies, equipment, repairs
or maintenance, or for rendering any services to the Authority, acquisitions
shall be made from, and contracts awarded to, the lowest responsible bidder, and
dispositions of property shall be made to the highest responsible bidder. No
acquisition of any unique property unobtainable in the open market shall be made
without the express approval of the Board where the amount involved is
$25,000.00 or more. Nothing in this Section shall apply to contracts for
professional services
of
accountants, attorneys, or auditors
or to
contracts for services of individuals or organizations not employed full time by
the Authority but who are engaged primarily in the rendition of personal
services and not the sale of goods and merchandise, such as but not limited to
the services of attorneys, accountants, engineers, architects, consultants and
advisors."
"(k)
If the
Authority issues an invitation to bid pursuant to this Section, and if the
Authority then fails to receive at least one bid that conforms to the terms of
its invitation for bids and which is also reasonable in price, then the
Authority may negotiate an acquisition, disposition or contract where the amount
involved is $5,000 or more. No such negotiated acquisition, disposition or
contract shall be made without the express approval of the Board and unless the
negotiated price is reasonable.
Reserved."
SECTION
4.
Said
Act is further amended by revising subsection (a) of Section 16 as
follows:
"(a)
The Board shall make provision for a system of financial accounting and
controls, audits and reports. All accounting systems and records, auditing
procedures and standards, and financial reporting shall conform to generally
accepted principles of governmental accounting. Copies of each financial report
required under this Section shall be
furnished
posted on the
website of the Authority and notice of such publication shall be delivered by
electronic format to each local governing
body of each
participating local government in the
metropolitan area
as described
in Section 6. All financial records,
reports and documents of the Authority shall be public records and open to
public inspection under reasonable regulations prescribed by the
Board."
SECTION
5.
Said
Act is further amended by revising subsection (c) of Section 17 as
follows:
"(c)
At the time and in the manner prescribed in subsection (b), insofar as
applicable, the Board shall propose and adopt an annual capital improvements
budget. The proposed capital improvements budget shall show all capital
improvement projects in process of completion, those to be undertaken during the
ensuing fiscal year and those anticipated to be undertaken during the ensuing
ten years.
The proposed
capital improvements budget shall show all capital improvement projects
completed during the preceding ten years as compared to those capital
improvement projects that were planned and budgeted for in the capital
improvement budgets from the preceding ten
years. The proposed budget shall also
show the proposed method of financing each proposed project and the effect
thereof on the debt structure of the Authority. After a public hearing the
Board shall review its proposed budget and on or before the last day of the
fiscal year it shall adopt an annual capital improvements budget for the ensuing
fiscal year. No contract for the purchase or construction of any capital
improvement project shall be authorized, except to meet a public emergency
certified as such by the Board, unless it is included in the annual capital
improvements budget; however, the Board may propose and adopt an amendment to
the annual capital improvements budget by following the procedure herein
prescribed for adopting the original budget."
SECTION
6.
Said
Act is further amended by revising subsection (a) of Section 21 as
follows:
"(a)
The property of the Authority, both real and personal, its acts, activities and
income shall be exempt from any tax or tax obligation. In the event of any
lease of Authority property, or any other arrangement which amounts to a
leasehold interest, to a private party, this exemption shall not apply to the
value of such leasehold interest, nor shall it apply to the income of the
lessee. Otherwise, however, and for purposes of taxation, when property of the
Authority is leased to private parties to be employed solely for purposes of the
Authority, the acts and activities of the lessee shall be considered as the acts
and activities of the Authority and the exemption hereunder shall apply to such
acts and activities.
On and after
January 1, 2013, the Authority shall not enter into or renew any contracts
related to structured lease transactions with financial institutions concerning
any capital assets of the
Authority."
SECTION
7.
Said
Act is further amended by revising subsection (a) of Section 24A as
follows:
"(a)
Notwithstanding the provisions of Section 24 of this Act or any other provision
of this Act, the Authority may execute a transportation services contract with
any county, municipality, special tax or community improvement district,
political subdivision of this state, or any combination thereof being or lying
within the counties of Clayton, Cobb, DeKalb, Fulton, or Gwinnett, to provide
public transportation services, facilities, or both, for, to, or within such
county, municipality, district, subdivision, or combination thereof. A
transportation services contract executed pursuant to this Section:
(1)
Shall not be a rapid transit contract subject to the conditions established
therefor in Section 24 of this Act;
(2)
May not utilize a method of financing those public transportation services or
facilities provided under the contract which involves:
(A)
The issuance of bonds under subsection (c) of Section 24 of this
Act;
(B)
The levy of the special retail sales and use tax described and authorized in
Section 25 of this Act; or
(C)
Both methods described in subparagraphs (A) and (B) of this paragraph;
and
(3)
May
not
only
authorize the construction of any extension of or addition to the Authority's
existing rapid rail system
in a county in
which the question of approval of a rapid transit contract between such county
and the authority has been approved by a majority of the qualified voters voting
on such question in a referendum;
and
(4)
Shall require that the costs of any transportation services and facilities
contracted for, as determined by the Board of Directors on the basis of
reasonable estimates, allocations of costs and capital, and projections shall be
borne by one or more of the following:
(A)
Fares;
(B)
Other revenues generated by such services or facilities; and
(C)
Any subsidy provided, directly or indirectly, by or on behalf of the public
entity with which the Authority contracted for the services and
facilities."
SECTION
8.
Said
Act is further amended by revising subsection (i) of Section 25 as
follows:
"(i)
Use of Proceeds. The proceeds of the tax levied pursuant to this Act shall be
used solely by each local government to fulfill the obligations incurred in the
contracts entered into with the Metropolitan Atlanta Rapid Transit Authority as
contemplated in the Metropolitan Atlanta Rapid Transit Authority Act of 1965, as
amended; provided, however, that no more than fifty percent (50%) of the annual
proceeds of the tax shall be used to subsidize the operating costs of the
system, exclusive of depreciation, amortization, and other costs and charges as
provided in this subsection, until January 1, 2002. For the period beginning
January 1, 2002, and ending June 30, 2002; and for each fiscal year commencing
thereafter until December 31, 2008, no more than fifty-five percent (55%) of
the proceeds of the tax shall be used to subsidize the operating costs of the
system, exclusive of depreciation, amortization, and other costs and charges as
provided in this subsection; and for the period beginning January 1, 2009, and
ending June 30, 2009, and each fiscal year commencing thereafter until July 1,
2032, no more than fifty percent (50%) of the proceeds of the tax shall be used
to subsidize the operating costs of the system, exclusive of depreciation,
amortization, and other costs and charges as provided in this
subsection;.
Such restrictions on the use of annual proceeds from local sales and use taxes
shall be suspended beginning June 2, 2010, for a period of three years. Further
extensions of suspensions on restrictions described in this subsection may be
granted as provided by general law. Newly unrestricted funds shall be utilized,
subject to total funding, to maintain the level of service for the transit
system as it existed on January 1, 2010. Furthermore, except as had been
previously contracted to by the Authority prior to January 1, 2010, no funds
newly unrestricted during this suspended period shall be used by the Authority
to benefit any person or other entity for any of the following: annual
cost-of-living or merit based salary raises or increases in hourly wages;
increased overtime due to such wage increases; payment of bonuses; or to
increase the level of benefits of any
kind.
except that
if
If
the Board of the Metropolitan Atlanta Rapid Transit Authority shall fail to file
with the Metropolitan Atlanta Rapid Transit Overview Committee
annually,
the original and 14 copies of a report of the findings of a completed management
performance audit of the Authority's current
operations,
which audit
that
was performed under contract with and at the expense of the Authority, along
with any auditor's recommendations based thereon and the auditor's signed
written verification that the Metropolitan Atlanta Rapid Transit Authority fully
cooperated with such audit and allowed access to all its books, records, and
documents to the extent the auditor deemed necessary, then for the period
beginning January 1, 2003, and ending June 30, 2003, and each fiscal year
commencing thereafter until July 1, 2032, no more than fifty percent (50%) of
the proceeds of the tax shall be used to subsidize the operating costs of the
system, exclusive of depreciation, amortization, and other costs and charges as
provided in this subsection. For each fiscal year commencing on or after July
1, 2032, no more than sixty percent (60%) of the annual proceeds of the tax
shall be used to subsidize the operating costs of the system, exclusive of
depreciation, amortization, and other costs and charges as provided in this
subsection; and commencing with July 1, 2032, and for every year thereafter, the
proceeds of the tax shall not be used to subsidize operations of the
transportation system to an extent greater than fifty percent (50%) of the
operating costs of the system, exclusive of depreciation, amortization, and
other costs and charges as provided in this subsection. In adopting its annual
budget, the Board of the Metropolitan Atlanta Rapid Transit Authority shall be
authorized to rely upon estimates of all revenues, operating costs, patronage,
and other factors which may affect the amount of the fare required to limit the
operating subsidy herein provided for. If the results of any year's operations
reflect that the proceeds of the tax were used to subsidize operations to an
extent greater than herein provided, the Board shall adjust fares in order to
make up the deficit in operations during a period of not to exceed three (3)
succeeding years. If the results of operations in the Authority's fiscal year
commencing July 1, 1980, or in any subsequent fiscal year reflect that the
proceeds of the tax were not used to subsidize operations to the maximum extent
herein provided, the Board shall reserve any amounts that could have been used
to subsidize operations in that fiscal year and later use said reserved amounts
and any interest earned on said reserved amounts to provide an additional
subsidy for operations in any future fiscal year or years. The words 'operating
costs of the system' for purposes of this subsection 25(i) are defined to
include all of the costs of that division of the Authority directly involved and
that portion of the nonoperating administrative costs of those divisions of the
Authority indirectly involved, through the provision of support services, in
providing mass transportation services for the metropolitan area, but exclusive
of the costs of the division or divisions directly involved and that portion of
the nonoperating administrative costs of those divisions indirectly involved, in
the planning, design, acquisition, construction, and improvement of the rapid
transit system, according to accepted principles of accounting, and also
exclusive of the following costs:
(1)
Nonrecurring costs and charges incurred in order to comply with any statute or
regulation concerning either the protection or cleaning up of the environment,
or accessibility by handicapped or disabled persons, or occupational health or
safety, or compliance with any national or state emergencies, or with any
judgment, decree, or order of any court or regulatory agency in implementation
of any such statute or regulation; and
(2)
In the case of leases of equipment or facilities that, according to generally
accepted principles of accounting, would not be classified as capital leases,
payments of rent, and other payments for the property subject to such leases or
for the use thereof; provided that any costs for regular maintenance or repair
of such equipment or facilities shall not be excluded.
If
any proceeds of the tax levied pursuant to this Act are held for the purpose of
planning, designing, acquiring, or constructing additional facilities or
equipment for or improvements to the rapid transit system and are invested, then
all interest earned from such investments shall be used only for such purposes
or for paying the principal of or interest on bonds or certificates issued for
such purposes. Commencing July 1, 1988, and until June 30, 2008, and only if
expressly authorized by the board, interest earned on reserve funds set aside
for rebuilding, repairing, or renovating facilities of the rapid transit system;
for replacing, repairing, or renovating equipment or other capital assets
thereof; or from the sale or other disposition of real property, may, without
regard to the original source of the funds so reserved, be used to pay the
operating costs of the system as such costs are defined in this
subsection."
SECTION
9.
This
Act shall become effective on January 1, 2013.
SECTION
10.
All
laws and parts of laws in conflict with this Act are repealed.