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Update Posted February 07, 2012

Georgia Higher Education Facilities Authority Senate Bill Gets Vote

Sponsored by Senator Cecil Staton of Macon on behalf of the University System of Georgia (USG), Senate Bill 302 passed the state Senate on Wednesday, February1, and now moves to the state House for consideration. It has been assigned to the House Higher Education Committee, which is chaired by Representative Carl Rogers of Gainesville.

The bill seeks to increase the amount of bonding authority for the Georgia Higher Education Facilities Authority (GHEFA) from $300 million to $500 million. Through GHEFA, the USG is able to bond revenue-generating projects such as parking decks, bookstores and dorms.

Posted by Sonja Roberts
Published in: Senate Bill, Real Estate

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