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SB 11 - Business Development Corporations; powers; commercial, residential, historical properties
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First Reader Summary
A bill to amend Article 6 of Chapter 1 of Title 7 of the Official Code of Georgia Annotated, relating to business development corporations, so as to change the powers of business development corporations; to delete a prohibition against incurring secondary liability; to clarify that powers relate to commercial, residential, and historical real property; to clarify that business development corporations are authorized to acquire real estate for the purpose of constructing residential buildings, industrial plants, industrial parks, or business establishments, to dispose of real estate to others for such purpose.
Code Sections Amended
7-1-745 \ 7-1-747
| Electronically Recorded Votes |
| Vote |
Date |
Time |
Bill |
Description |
Yeas |
Nays |
N/V |
Exc |
| SV0185 |
03/06/2001 |
02:57pm |
SB 11 |
PASSAGE AS AMENDED |
51 |
0 |
3 |
2 |
| HV0564 |
03/21/2001 |
04:21pm |
SB 11 |
PASS |
154 |
0 |
23 |
3 |
| Bill History |
| Date |
Action |
| 04/27/2001 |
Signed by Governor (298) |
| 04/05/2001 |
Senate Sent to Governor |
| 03/21/2001 |
House Passed/Adopted |
| 03/21/2001 |
House Third Readers |
| 03/14/2001 |
House Committee Favorably Reported |
| 03/08/2001 |
House Second Readers |
| 03/07/2001 |
House First Readers |
| 03/06/2001 |
Senate Passed/Adopted |
| 03/06/2001 |
Senate Third Read |
| 03/02/2001 |
Senate Read Second Time |
| 03/01/2001 |
Senate Committee Favorably Reported |
| 01/09/2001 |
Senate Read and Referred |
| 01/08/2001 |
Senate Proposed 1st Readers |
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