Georgia House of Representatives
HB1078 - Business development corpora- tions; interest on loans

Sponsor and CoSponsors
Watts, Charlie Barnes, Roy E Bates, Kermit
Hart, Bettieanne C Smith, Larry Sauder, Randy
Links / Committees / Status
Summary / Full Text HC: B&B SC: B&FI
F/R: 03/17/95 L/A: 04/09/96 Signed by Governor
Titles Amended: 07
Bill List Legislation List Clerk's Page

First Reader Summary

A BILL to amend Code Section 7-1-747 of the Official Code of Georgia Annotated, relating to loans by members of business development corporations, so as to clarify the intention of the General Assembly; to provide that loans to business development corporations by members may bear interest at a rate of interest to be negotiated between said business development corporations and their members; and for other purposes.

Actions Taken

               HOUSE                          SENATE
              3/17/95  Read 1st Time         2/29/96        
              1/8/96   Read 2nd Time         3/6/96         
              2/19/96  Favorably Reported    3/5/96         
              Sub      Committee Amend/Sub                  
              2/28/96  Read 3rd Time         3/12/96        
              2/28/96  Passed/Adopted        3/12/96        
              CS       Comm/Floor Amend/Sub                 
              3/22/96  Sent to Governor                     
              4/9/96   Signed by Governor                   
              830      Act/Veto Number                      
              7/1/96   Effective Date                       

Code Sections

Code Sections amended: 7-1-747

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Office of the Clerk of the House
Robert E. Rivers, Jr., Clerk of the House
Last Updated on 01/08/97