Assessments under Code Section 36-42-16; priority of liens regarding assessments for downtown development authorities

(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. History. — Code 1981, § 36-42-17, enacted by Ga. L. 2015, p. 1329, § 1/SB 4; Ga. L. 2017, p. 753, § 1/HB 428. The 2017 amendment, effective July 1, 2017, added subsection (a); and designated the previously existing provisions of this Code section as subsection (b). CHAPTER 43 CITY BUSINESS IMPROVEMENT DISTRICTS Sec. 36-43-1. 36-43-2. 36-43-3. 36-43-4.