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GA HB773

Bill

Official Source

Status

Passed

4/26/2016

Primary Sponsor

Penny Houston

Click for details

Origin

House of Representatives

2015-2016 Regular Session

AI Summary

  • Increases the Georgia Housing and Finance Authority's outstanding bond limit for its single-family residential housing program from $1.3 billion to $3 billion, excluding refunding bonds
  • Retains the existing $140 million cap on outstanding bonds for non-housing, non-health facility enterprise financing, with no new issuances permitted after June 30, 1995
  • Retains the existing $30 million cap on outstanding bonds for health care services financing
  • State interest rate and usury law limitations do not apply to bonds issued by the authority
  • Becomes effective upon approval by the Governor or upon becoming law without such approval

Legislative Description

Georgia Housing and Finance Authority; outstanding bond limit; increase

Last Action

Effective Date

4/26/2016

Full Bill Text

No bill text available