Legislation	Secretary of Senate	Members	Committees	Meetings	Home	House

SB 299 - Revenue Bond Law - registration of cert. bonds, purchaser's request

Egan, Michael J (40th)

Status Summary	SC:	B&FI	HC:	B&B	FR:	01/11/00	LA:	03/01/00	H - Read 2nd Time (FA )

First Reader Summary

A bill to be entitled an Act to amend Article 3 of Chapter 82 of Title 36 of the Official Code of Georgia Annotated, known as the "Revenue Bond Law," so as to provide for registration of certain bonds upon the purchaser's request; to provide that such bonds shall be inscribed with the purchaser's name and mailed to the purchaser; to provide for an effective date; torepeal conflicting laws; and for other purposes.

Code Sections - 36-82-86

SB 299 00                                          SB299/FA/3 
 
      SENATE BILL 299 
 
      By:  Senator Egan of the 40th 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Article 3 of Chapter 82 of Title 36 of the Official 
  1- 2  Code of Georgia Annotated, known as the "Revenue Bond Law," 
  1- 3  so as to provide for registration of certain bonds upon the 
  1- 4  purchaser's request; to provide that such bonds shall be 
  1- 5  inscribed with the purchaser's name and delivered to the 
  1- 6  purchaser; to provide for an effective date; to repeal 
  1- 7  conflicting laws; and for other purposes. 
 
  1- 8       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 9                           SECTION 1. 
 
  1-10  Article 3 of Chapter 82 of Title 36 of the Official Code of 
  1-11  Georgia Annotated, known as the "Revenue Bond Law," is 
  1-12  amended by inserting a new Code section to be designated 
  1-13  Code Section 36-82-86 to read as follows: 
 
  1-14    "36-82-86. 
 
  1-15    Every issue of revenue bonds issued in accordance with 
  1-16    this article after July 1, 2000, shall provide that, upon 
  1-17    the request of the purchaser, the bonds shall be fully 
  1-18    registered in the purchaser's name, inscribed with the 
  1-19    name of the purchaser, and delivered to the purchaser." 
 
  1-20                           SECTION 2. 
 
  1-21  This Act shall become effective on July 1, 2000. 
 
  1-22                           SECTION 3. 
 
  1-23  All laws and parts of laws in conflict with this Act are 
  1-24  repealed. 
 
 
 
 
 
 
 
 
 
 
 
                                 -1-