Bill > HB159

This bill increases the maximum outstanding bond limit for the Georgia Housing and Finance Authority's single-family residential housing program from $3 billion to $6 billion. The bill specifically amends an existing section of Georgia law that governs the authority's bonding capabilities. The legislation maintains existing provisions that allow the authority to issue bonds for refunding purposes without counting against the new limit. The bill also preserves other existing restrictions on the authority's bonding, such as maintaining separate $140 million and $30 million limits for enterprise and healthcare financing, respectively. Additionally, the bill reaffirms that the authority's bonds are not subject to standard interest rate limitations found in other Georgia state laws. The bill will become effective upon the Governor's approval or when it automatically becomes law, and it includes a standard clause repealing any conflicting laws.

Business and Industry

https://www.legis.ga.gov/legislation/69597