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GA HB1519

Bill

Official Source

Status

Introduced

3/26/2024

Primary Sponsor

Marvin Lim

Click for details

Origin

House of Representatives

2023-2024 Regular Session

AI Summary

  • Prohibits Georgia local governmental entities from including confidentiality or nondisclosure provisions in any agreement or contract entered into for the purpose of economic development
  • Covers a broad range of economic development agreements, including those involving tax incentives, payments in lieu of taxes, tax abatements, bonds, notes, loans, grants, or rebates
  • Defines "governmental entity" to include counties, municipal corporations, consolidated governments, authorities, boards of education, and other public boards, bodies, or commissions
  • Defines "economic development" as any economic activity intended to increase tax revenue, expand the tax base, increase employment, or otherwise improve a community's general economic health
  • Adds new Code section 36-80-32 to Chapter 80 of Title 36 of the Official Code of Georgia Annotated

Legislative Description

Local government; enter into nondisclosure agreements; prohibit

Last Action

House First Readers

3/28/2024

Committee Referrals

Governmental Affairs3/28/2024

Full Bill Text

No bill text available