FULTON COUNTY FACILITIES CORPORATION
County
Board Established by:
Description: This Board was established by the Fulton County Board of Commissioners by resolution November 3, 1999 (Item #99-1496) at its Regular Meeting. The corporation is organized as a public purpose corporation pursuant to the provisions of the Georgia Nonprofit Corporation Code, exclusively for the use and benefit of Fulton County, Georgia, and as an instrumentality thereof, to facilitate the financing of the acquisition, construction and equipping of certain public facilities in Fulton County, Georgia, within the meaning of Section 115(a) of the Internal Revenue Code of 1986 (the "Code"); and exclusively for charitable purposes, within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986. The Corporation shall be authorized to perform all other acts necessary or incidental to the attainment of and related to the foregoing purposes and to do whatever is deemed necessary, useful, advisable, appropriate or conducive, directly or indirectly, in the pursuit thereof or of related purposes, including the exercise of all power and authority enjoyed by corporations organized under the provisions of the Georgia Nonprofit Corporation Code. At the July 10, 2024 First Regular Meeting, the Fulton County Board of Commissioners adopted an Ordinance (#24-0488) amending Chapter 101 (General Provisions and County Governing Authority), Article 2 (County Governing Authority), Division I (Generally), to create a new Section 101-76 of the Fulton County Code of Laws to provide procedures for District and Full Board appointments to the Boards, Commissions, Taskforces, Committees, Councils and Authorities affiliated with, or operating on behalf of Fulton County, Georgia, to provide that all appointees serve at the pleasure of either the nominating Commissioner for District appointments or the Board of Commissioners for Full Board appointments. Membership/Appointment: The affairs of the corporation shall be managed by a Board of Directors. The method of election of Directors shall be as determined by the Bylaws of the corporation. The corporation shall have no members. Board of Directors of the Corporation consisting of the Chairman of the Board of Commissioners, the Director of Finance, the County Manager and two Fulton County Commissioners. The number of Directors shall no be less than three (3) nor more than five (5). Each Director shall hold office for a term of two (2) years unit the next annual meeting of the Board of Directors or until a successor shall have been elected and qualified. Directors shall be elected by the Board of Directors at the annual meeting of the Board of Directors.
The initial Board of Directors of the Corporation consists of the Chairman of the Fulton County Board of Commissioners, the Director of Finance, the County Manager and two (2) Fulton County Commissioners.
Term: 2 years until the next annual meeting of the Board of Directors or until a successor shall be elected and qualified.
NONE
Compensation:
Stipend:
Meetings:
Hakeem Oshikoya Financial Officer 141 Pryor Street, 7th Floor Atlanta, Georgia 30303 404-612-7641 hakeem.oshikoya@fultoncountyga.gov
Contact(s):
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