Fayette's

new Public Facilities Authority will be keeping a

wary eye on bond markets in the coming weeks,

waiting for the right time to issue up to $60

million in bonds for the county's jail and

courthouse construction project.

County

commissioners last week named Jack Smith, Chuck

Watkins and Mary Shavers to the three-person

board charged with raising money for county

building projects.

The

appointments must be renewed annually as long as

any debt the board has arranged remains to be

paid.

meeting to choose a chairman and organize the

authority has not yet been set. County attorney

Bill McNally said this week he expects the task

of getting organized and getting the bonds issued

will take 60 to 90 days.

Public Facilities Authority has existed for

years, but has been dormant. Commissioners voted

to activate it last year during discussions of

possible funding methods for the judicial

complex, and last week approved using the PFO as

the method to fund the jail and courthouse

project.

Smith

is a CPA and has experience with development

authorities; Watkins serves on the county Water

Committee and is a past commissioner; Shaver is

retired as an engineer with the Pacific Gas and

Electric company.

Commissioners

also appointed five members to the newly created

Hospital Authority. They are Jack Krakeel, Dr.

Karen Harris Moore and Tom Farr for four-year

terms, and Joan Smith and Darrell McKinney for

two-year terms.

Function

of the Hospital Authority is similar to that of

the Facilities Authority. The board will arrange

financing for improvements to Fayette Community

Hospital.

Smith

is a staff nurse for Emory Hospital and holds a

master's of science in nursing. McKinney is

retired as management and budget regional

commissioner for the Social Security

Administration and a retired lieutenant colonel

in the U.S. Army Reserves.

Farr,

a well-known local banker, is on the county

Development Authority Board of Directors and

Peachtree City's Airport Authority.

Krakeel

is Fayette County's "super chief,"

director of the Department of Fire and Emergency

Services.

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