(a) An assessment under Code Section 36-42-16 that relates to any project described in subparagraph (B) of paragraph (6) of Code Section 36-42-3 shall be levied and may be collected when:(1) A written contract regarding such assessment is executed by the property owner, the authority, and the project administrator;(2) Such contract is administratively acknowledged by the relevant local jurisdiction with the taxing authority; and(3) A notice of assessment is recorded in the property records of the relevant local jurisdiction.(b) A lien for any assessment under Code Section 36-42-16 that relates to any project under subparagraph (B) of paragraph (6) of Code Section 36-42-3 shall have the same priority as municipal liens under paragraph (4) of subsection (b) and subparagraph (g)(2)(B) of Code Section 48-2-56.Amended by 2017 Ga. Laws 264,§ 1, eff. 7/1/2017.Added by 2015 Ga. Laws 210,§ 1, eff. 7/1/2015.
Georgia Legal Code