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GA HB1257
Bill
Status
Introduced
2/12/2024
Primary Sponsor
Dar'shun Kendrick
Click for details
AI Summary
- Revises the definition of "enterprise" eligible for Seed-Capital Fund investment by removing "bioscience," "marketing," and "information related ventures" from the list of qualifying innovative work areas, narrowing eligibility to technology, manufacturing, or agriculture
- Repeals Article 2 of Chapter 10 of Title 10, which established the Invest Georgia Fund
- Removes the Article 1 designation from the Seed-Capital Fund provisions (Code Sections 10-10-1 through 10-10-7), making them apply to the entire chapter rather than a subdivided article
- Replaces all references to "article" with "chapter" throughout affected code sections to reflect the consolidated chapter structure after the repeal of Article 2
Legislative Description
Seed-Capital Fund; businesses in which state may invest fund moneys; revise
Last Action
House Withdrawn, Recommitted
2/26/2024
Committee Referrals
Economic Development and Tourism2/13/2024
Full Bill Text
No bill text available