AMENDMENT 2: Adds $10 tag fee on private passenger vehicles to fund statewide trauma care expansion. BALLOT QUESTION: Shall the Constitution of Georgia be amended so as to impose an annual $10 trauma charge on certain passenger motor vehicles in this state for the purpose of funding trauma care? Summary: This creates a $10 tag fee that can only be spent to fund trauma care and cannot be diverted to the general fund for other purposes. All motor vehicles designed to carry ten or fewer persons, including pickup trucks, motorcycles, sport utility vehicles, and passenger vans will pay the fee. The trauma charge would be collected together with license tag and registration fees. Pro: This provides a new and necessary funding source for Georgia's trauma care system that will be protected from other uses. Con: The new funds may encourage the legislature to reduce its other funding streams; and large passenger vehicles, like buses, are exempt from the fee. AMENDMENT 3: Allows the State to execute multiyear contracts for long-term transportation projects. BALLOT QUESTION: Shall the Constitution of Georgia be amended so as to allow the Georgia Department of Transportation to enter into multiyear construction agreements without requiring appropriations in the current fiscal year for the total amount of payments that would be due under the entire agreement so as to reduce long-term construction costs paid by the state? Summary: Currently, a state agency cannot enter into contracts with private vendors if the contract requires payments beyond the funds available for that fiscal year. This means that unless an agency has funds in hand for a 5-year project, like a road project, it can only contract year-to-year. This amendment would allow the General Assembly by statute to let the Department of Transportation enter into construction agreements without obligating present funds for the full amount of the obligation. Pro: Many contractors and states prefer multi-year contracts because they allow for bonuses for early completion, increase competition among bidders and allow for better transportation planning. Con: This will allow DOT to agree to a project it may not be able pay for in the long-term. AMENDMENT 4: Allows the State to execute multiyear contracts for projects to improve energy efficiency and conservation. BALLOT QUESTION: Shall the Constitution of Georgia be amended so as to provide for guaranteed cost savings for the state by authorizing a state entity to enter into multiyear contracts which obligate state funds for energy efficiency or conservation improvement projects? Summary: Currently, the constitution prohibits a state agency from entering into contracts with private vendors that obligate funds the agency does not already have committed. This amendment will authorize "energy performance contracts." These contracts basically let a state agency use debt to finance energy efficiency and water improvement projects at state buildings, and the vendors who build the projects guarantee payments back to the agency based on realized savings (lower energy costs, less water used), which is achieved by the cost savings resulting from the improvements. Pro: State agencies can upgrade to more energy and water efficient buildings by using a debt instrument that is underwritten by the very vendors who promise the savings. If it works, the agency has lower costs. If it doesn't, the agency has guaranteed payments to make up the loss. Con: It creates a new debt instrument for state government. AMENDMENT 5: Allows owners of industrial-zoned property to choose to remove the industrial designation from their property. BALLOT QUESTION: Shall the Constitution o f Georgia be amended so as to allow the owners of real property located in industrial areas to remove the property from the industrial area? Summary: The proposal amends the provisions of the Constitution relating to industrial areas which exist in only two counties in the state: Chatham County and Jeff Davis County. Currently, the counties face restrictions on the ability of these areas to participate in the municipal services provided near their locations. This restriction is a hold-over from the 1983 constitutional revision. Pro: Property owners who currently have the responsibility for certain services will be permitted to join a neighboring city and reduce its costs. Con: Unknown. STATEWIDE REFERENDUM: Provides for inventory of businesses to be exempt from state property tax. BALLOT QUESTION: Shall the Act be approved which grants an exemption from state ad valorem taxation for inventory of a business? Summary: This Act provides that all tangible personal property constituting the inventory of a business shall be exempt from state ad valorem taxation. If approved by a majority of the voters, the Act becomes effective on January 1, 2011, and applies to all tax years beginning on or after that date. Pro: Georgia is one of only 14 states that currently imposes an inventory tax. The amount raised by such a tax is minimal for the state, and nominal for most cities and counties. Con: Certain cities and counties do rely on the inventory tax, which means a wholesale repeal could lead to a rise in the millage rate in those areas, particularly those school districts.