Stephens County to Pursue a Public Facilities Authority

Stephens County is beginning an effort to create a new authority that could potentially serve as another way for local governments to borrow money needed for projects.  Tuesday, Stephens County Commissioners unanimously approved a motion to begin the process of creating a Public Facilities Authority.  The Stephens County Development Authority brought the proposal before the commissioners.  SCDA Executive Director Tim Martin said a Public Facilities Authority would just be another "tool in the tool chest" for both local government and economic development purposes.  "This brings to the arsenal the ability to contract with the private sector on projects," said Martin.  "You could have public-private partnerships that the local authority does not have the authority to do."  Martin said the Public Facilities Authority could also be used by the county government, city government, or school system as a way to finance projects through forward funding.

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