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Committee reduces proposed GHFA bond cap to $6 billion and approves bill
Summary
A Georgia House committee amended a bill to raise the Georgia Housing Finance Authority's aggregate mortgage revenue bond cap, reducing the sponsor's original $12 billion proposal to a $6 billion cap, and approved the bill by voice vote.
Chairman Clint Crow told the committee the bill would change the aggregate cap for the Georgia Housing Finance Authority(GHFA) on mortgage revenue bonds and outlined the sponsor—s original proposal and the subsequent amendment. "This would change the aggregate cap for, the Georgia Housing Finance Authority and the amount of bills they can issue, the mortgage revenue bonds that they can, sell from 3,000,000,000 to 12,000,000,000, but, I believe we are gonna be in a position to possibly amend that if…
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