Plain English Breakdown
The bill metadata indicates the last action was 'House Withdrawn, Recommitted,' which contradicts the status label saying it passed both chambers. The effective date is also listed as empty in the source.
HB1180: Removing the Bond Limit for Georgia Housing and Finance Authority
This bill removes a limit on how many bonds the Georgia Housing and Finance Authority can have at one time.
What This Bill Does
- Eliminates the current cap on outstanding bonds held by the Georgia Housing and Finance Authority.
- Requires bond statements to include language about the full faith and credit of the State.
- Amends Chapter 26 of Title 50 in the Official Code of Georgia Annotated.
Who It Names or Affects
- The Georgia Housing and Finance Authority
Terms To Know
- Outstanding bond limit
- A maximum number or amount of bonds an organization is allowed to have active at one time.
- Full faith and credit
- A statement on a bond regarding the state's commitment, as mentioned in the bill summary.
Limits and Unknowns
- The official source does not specify an exact effective date for these changes.
- The bill status shows it was withdrawn and recommitted to committee, so its final passage is uncertain based on this text alone.