Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing Finance topic
No spam. Unsubscribe anytime.
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 somebody could offer that amendment to 6,000,000,000, from 12, mister chairman," he said.
The committee adopted an amendment to reduce the proposed aggregate cap from $12,000,000,000 to $6,000,000,000, then voted on the full bill as amended. Committee members approved the amendment and subsequently approved the bill by voice vote. No roll-call tallies or individual yea or nay votes were recorded on the transcript.
Nut graf: The change affects the total amount of mortgage revenue bonds the Georgia Housing Finance Authority may issue under the bill; committee members voted by voice to adopt an amendment lowering the cap from the sponsor—s $12 billion figure to $6 billion and then passed the bill as amended.
The transcript indicates committee discussion focused on the aggregate cap figure and the procedural steps to amend the bill. A member moved to amend the figure on line 14 from $12,000,000,000 to $6,000,000,000; the motion received a second and was adopted by voice vote. After the amendment was adopted, the committee took a voice vote on the entire bill as amended and the chair announced that the measure carried.
The transcript does not identify the amendment mover or seconder by name, nor does it record a numerical vote tally. The committee did not reference specific effective dates, implementing language, or related funding sources on the record contained in the transcript excerpt.
Ending: The committee concluded action on the bill by approving it as amended and moved on to other business.
