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RICH v. STATE OF GA.

31187.

237 Ga. 291 (1976)

227 S.E.2d 761

RICH v. STATE OF GEORGIA et al.

Supreme Court of Georgia.

Decided July 9, 1976.

Rehearing Denied July 20, 1976.

Attorney(s) appearing for the Case

Bryan, Ramos & Arnold, Gary P. Arnold, Merle A. Ramos, for appellant.

Lewis R. Slaton, District Attorney, Lauren O. Buckland, Assistant District Attorney, Arthur K. Bolton, Attorney General, Troutman, Sanders, Lockerman & Ashmore, Mark S. Kaufman, for appellees.

UNDERCOFLER, Presiding Justice.

The Georgia Residential Finance Authority (Ga. L. 1974, p. 975, as amended Ga. L. 1975, p. 1651; Code Ann. Ch. 99-36), was established by the General Assembly in order to encourage private investment in the building and rehabilitation of low income housing by providing mortgage loans at low interest rates to eligible low and moderate income borrowers. Code Ann. § 99-3602. Pursuant to its mandate, the Authority sought to issue revenue...

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