HB 818

Abstract

A BILL to be entitled an Act to amend Code Section 31-7-116 of the Official Code of Georgia Annotated, relating to provisions contained in obligations and security for obligations of residential care facilities for the elderly authorities, procedures for issuance of bonds and bond anticipation notes, interest rates, and limitations and conditions, so as to provide an alternative method of establishing the interest rates for bonds, notes, and other obligations of residential care facilities for the elderly authorities; to provide for related matters; to repeal conflicting laws; and for other purposes.