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GA HB606
Bill
Status
Introduced
3/11/2019
Primary Sponsor
Patty Stinson
Click for details
AI Summary
- Expands the definition of "rural area" under the Georgia Agribusiness and Rural Jobs Act from counties with populations under 50,000 to counties with populations under 75,000, effective July 1, 2020
- Authorizes a second round of $100 million in certified capital investments beginning August 1, 2020, contingent on the first $100 million round being fully certified before July 1, 2020
- Doubles the nonrefundable application fee for rural funds seeking capital investment certification from $5,000 to $10,000
- Changes the initial reporting deadline for rural funds from 15 business days after the second anniversary of the credit allowance date to 15 business days after May 1, 2020, with additional reports due within 15 business days after each capital investment reaching 100% deployment
- Adds a new annual reporting requirement for rural funds to disclose their total eligible capital investments as a percentage of total capital investment during the compliance period
Legislative Description
Insurance; life insurers to provide certain policy information to funeral homes within 24 hours of receipt of the funeral home's notification of an insured's death; require
Last Action
House Committee Favorably Reported By Substitute
3/12/2020
Full Bill Text
No bill text available