Executive order, 2020 January 14B

THE STATE OF GEORGIA
EXECUTIVE ORDER
BY THE GOVERNOR:

WHEREAS:
WHEREAS: WHEREAS: WHEREAS: WHEREAS: WHEREAS:
ORDERED:

I have been informed by officials of the Georgia Housing and Finance Authority (the "Issuer") that the Issuer desires to sell and issue up to and including $250,ooo,ooo of its single family mortgage bonds (the "Bonds") in order to provide monies to finance, in whole or in part, newly originated mmtgage loans on single family residential housing units for eligible persons and families of low or moderate income in the State of Georgia, to refund and redeem certain outstanding bonds ofthe Issuer, to establish any necessa1y reserves, and to pay all or a pmtion of the costs of sale and issuance of the Bonds; and
The Bonds will be issued by the Issuer, which is an instrumentality of the State of Georgia; the mortgages purchased v.ri.ll finance properties located entirely within the boundaries of the State of Georgia; and
I am the chief elected executive officer ofthe State of Georgia; and
This Executive Order is intended solely to constitute the approval required by Section 147(f) of the Internal Revenue Code of 1986, as amended; and
A hearing related to the proposed issuance of the Bonds, open to the public, ,.vas held on August 23, 2019 for which due and reasonable public notice was given in accordance with the provisions of law and the procedures established therefor; and
Follm"ri.ng such hearing, the Georgia Housing and Finance Authority recommended that the issuance of the Bonds be approved, and requested this approval.
NOW, THEREFORE, PURSUANT TO THE AUTHORITY VESTED IN ME AS GOVERNOR OF THE STATE OF GEORGIA, IT IS HEREBY
That I approve the issuance of the Bonds by the Georgia Housing and Finance Authority, solely for the purpose of satisfying the requirements

ORDERED:

for such approval under Section 147(f) of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, and for no other purpose.
IT IS FURTHER
That this Executive Order shall take effect immediately upon its adoption and that the Executive Counsel of the Governor shall place a public record of this Executive Order in the Executive Minutes.
This 14~day of January, 2020.

ATTEST:

GOVERNOR