SB 573 - Land Transactions; development of condominium property; escrow funds

Sponsored By

Committees

Current Status

04/28/06 - Senate Date Signed by Governor

First Reader Summary

A BILL to be entitled an Act to amend Chapter 3 of Title 44 of the Official Code of Georgia Annotated, relating to regulation of specialized land transactions, so as to provide that the seller may withdraw escrow funds in excess of 1 percent of the purchase price of a condominium in order to fund construction and development of the condominium property; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

Votes

Electronically Recorded Votes
Date Time Vote No Yeas Nays NV Exc Description
03/09/06 11:57 AM Senate Vote #783 051 001 001 003 PASSAGE
03/27/06 11:58 AM House Vote #1010 161 001 015 003 PASS
03/30/06 07:25 PM Senate Vote #1154 049 000 006 001 AGREE TO HOUSE SUBSTITUTE

Status History

Bill History
Date Action
02/21/2006 Senate Read and Referred
03/02/2006 Senate Committee Favorably Reported
03/06/2006 Senate Read Second Time
03/09/2006 Senate Third Read
03/09/2006 Senate Passed/Adopted
03/13/2006 House First Readers
03/14/2006 House Second Readers
03/22/2006 House Committee Favorably Reported
03/27/2006 House Third Readers
03/27/2006 House Passed/Adopted
03/30/2006 Senate Agrees House Amend or Sub
04/13/2006 Senate Sent to Governor
04/28/2006 Senate Date Signed by Governor
04/28/2006 Act 643
04/28/2006 Effective Date