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SB 11 - Business Development Corporations; powers; commercial, residential, historical properties
Thompson, Steve (D-33)
SC: F&PU HC: IND 04/27/2001 Signed by Governor

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
Versions
Current
SB11 mat
SB11/FA/2
LC 22 4170/SB11
Footnotes:




Georgia General Assembly
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