08 LC 18
6707
Senate
Bill 397
By:
Senators Bulloch of the 11th, Staton of the 18th and Meyer von Bremen of the
12th
AS
PASSED SENATE
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 8-3-35 of the Official Code of Georgia Annotated, relating to
powers of housing authorities and issuance of bonds, so as to change certain
provisions regarding bond issuance and validation; to provide an effective date;
to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 8-3-35 of the Official Code of Georgia Annotated, relating to powers of
housing authorities and issuance of bonds, is amended by revising subsection (f)
as follows:
"(f)
Any action pertaining to issuance of bonds of an authority issued for the
purposes described in this Code section, the rights of the holders thereof or
the security therefor, and any action pertaining to the validation of any such
bonds, shall be brought in the superior court of the county in which the
eligible housing units to be financed with proceeds of such bonds are located,
or if such eligible housing units shall be located in more than one county, in
either the
superior court of the county in which the authority is located or
in the superior court of any county where
any of such eligible housing units are situated."
SECTION
2.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.