Bill Text: GA SB140 | 2011-2012 | Regular Session | Engrossed
Bill Title: Georgia Higher Education Facilities Authority; revenue bonds; increase the amount of bonding authority
Spectrum: Partisan Bill (Republican 5-0)
Status: (Vetoed) 2011-05-13 - Veto V5 [SB140 Detail]
Download: Georgia-2011-SB140-Engrossed.html
11 LC 28
5552
Senate
Bill 140
By:
Senators Staton of the 18th, Cowsert of the 46th, Butterworth of the 50th,
Chance of the 16th and Grant of the 25th
AS
PASSED SENATE
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 16 of Title 20 of the Official Code of Georgia Annotated, relating
to the Georgia Higher Education Facilities Authority, so as to increase the
amount of bonding authority; to provide for related matters; to provide an
effective date; to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
16 of Title 20 of the Official Code of Georgia Annotated, relating to the
Georgia Higher Education Facilities Authority, is amended by revising subsection
(f) of Code Section 20-16-5, relating to revenue bonds of the authority, as
follows:
"(f)
The authority shall not have outstanding at any one time bonds and notes
exceeding
$300
$500
million."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.