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Committee amends bill to raise Georgia Housing Finance Authority bond cap to $6 billion
Summary
A House committee amended House Bill 159 to raise the Georgia Housing Finance Authority(GHFA) aggregate cap on mortgage revenue bonds from $3 billion to $6 billion, approving the measure by voice vote after an amendment reduced an initial $12 billion proposal.
During a committee meeting, members amended House Bill 159 to increase the Georgia Housing Finance Authority(GHFA) aggregate cap on mortgage revenue bonds from $3 billion to $6 billion and approved the bill as amended by voice vote.
The change replaces language in the bill that would have raised the GHFAcap to $12 billion. The bill sponsor (unnamed) told the committee, "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…
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