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Revenue And Taxation Increase In Hotel And Motel Excise Tax To Finance Industrial Bonds: Georgia Dome, D. Vaughan
Revenue And Taxation Increase In Hotel And Motel Excise Tax To Finance Industrial Bonds: Georgia Dome, D. Vaughan
Georgia State University Law Review
The Act amends Chapter 13 of Title 48 of the Official Code of Georgia Annotated by increasing the rate of tax that may be levied by certain counties and municipalities on motel and hotel rooms, lodgings, and accommodations, and by authorizing those counties to expend the funds collected to promote tourism and construct a convention facility.
Buildings And Housing Georgia Residential Finance Authority Act: Increase Authority To Issue Bonds To Provide Facilities For The Elderly And Mentally Disabled, M. Hathaway
Georgia State University Law Review
The Act adds language to the Georgia Residential Finance Authority (GRFA) statute permitting the GRFA to issue bonds for two additional types of housing activities. The new bonding authority allows the GRFA to finance home equity conversion mortgages for the elderly and residential facilities for the mentally disabled. Funding limits for these new programs fall under pre-existing bond ceilings of the Authority. The Act establishes funding limits for the program and also postpones the due date for the state housing goal report from 1989 to 1990. The Act requires the filing of these reports each even-numbered year thereafter.