05 LC 28
1929
House
Resolution 26
By:
Representatives Holmes of the
61st,
Orrock of the
58th,
Brooks of the
63rd,
Thomas of the
55th,
Bruce of the
64th,
and others
A
RESOLUTION
Proposing
an amendment to the Constitution so as to authorize the General Assembly by
general law to provide for increases in the state real estate transfer tax and
the state intangible recording tax; to provide that the General Assembly by
general law may allocate the revenue from such increases to the Georgia Housing
Trust Fund, as provided by law, for the specified purpose of assisting low and
moderate income citizens of this state in obtaining and maintaining affordable
housing; to provide that funds deposited in such trust fund shall not lapse; to
provide that the General Assembly may provide by general law for the
administration of such fund by such authority as the General Assembly shall
determine; to provide for the submission of this amendment for ratification or
rejection; and for other purposes.
BE
IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
III, Section IX, Paragraph VI of the Constitution is amended by adding a new
subparagraph (n) to read as follows:
"(n)
The General Assembly is authorized to provide by general law for increases in
the state real estate transfer tax and the state intangible recording tax. The
General Assembly is authorized to provide by general law for the allocation of
such additional funds to the Georgia Housing Trust Fund, as provided by law, for
the specified purpose of assisting low and moderate income citizens of this
state in obtaining and maintaining affordable housing. Moneys appropriated for
such purposes shall not lapse. The General Assembly may provide by general law
for the administration of such fund by such authority as the General Assembly
shall
determine."
SECTION
2.
The
above proposed amendment to the Constitution shall be published and submitted as
provided in Article X, Section I, Paragraph II of the Constitution. The ballot
submitting the above proposed amendment shall have written or printed thereon
the following:
|
"( ) YES
( ) NO
|
Shall
the Georgia Constitution be amended so as to provide that the General Assembly
by general law may provide for increases in the state real estate transfer tax
and the state intangible recording tax and may allocate the revenue from such
increases to the Georgia Housing Trust Fund for the specified purpose of
assisting low and moderate income citizens of this state in obtaining and
maintaining affordable housing?"
|
All persons desiring to vote in favor of ratifying the proposed amendment shall
vote "Yes." All persons desiring to vote against ratifying the proposed
amendment shall vote "No." If such amendment shall be ratified as provided in
said Paragraph of the Constitution, it shall become a part of the Constitution
of this state.