SYVERSON-WEAVER-CLAYBORNE-DONAHUE, DELEO, SHAW, JACOBS AND DILLARD.
LOC GOV HOUSING FINANCE ACT
Synopsis of Bill as introduced:
Creates the Local Government Housing Finance Act. Gives counties
and municipalities the power to acquire or to originate home
mortgages, to make loans to lenders to make home mortgage loans, to
issue bonds to defray costs associated with the acquisition or
origination of home mortgages, to sell home mortgage loans, and to
perform other duties in connection with home mortgages. Provides
that bonds issued under the Act may contain certain covenants.
SENATE AMENDMENT NO. 1.
Deletes a provision allowing Authorities to issue bonds under the
Local Government Housing Finance Act on behalf of other Authorities.
Last action on Bill: PUBLIC ACT.............................. 92-0142
Last action date: JUL-24-2001
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status