GA HB1039

Creates the Georgia Corrective Investment and Pilot Expansion Fund within the state treasury to direct economic development investments to impoverished communities, funded through legislative appropriations, grants, and other sources.

Establishes eligibility criteria for county disbursements requiring at least 4 of 6 factors: median household income below state average, unemployment above state average, poverty rate exceeding 20%, infrastructure gaps, documented underinvestment history, or high concentration of minority/women-owned businesses.

Creates the Small Business Access and Resiliency Program to provide loans, grants, and technical assistance to small businesses in eligible counties.

Establishes a 14-member Joint Legislative Oversight Commission on Georgia United Investment, including representatives from Clayton, Cobb, DeKalb, Douglas, Fayette, Fulton, Gwinnett, and Rockdale counties plus 6 legislative appointees serving 4-year terms.

Requires annual accounting to budget offices by January 1 and annual public reporting on applications, awards, disbursements, project categories, demographic service areas, job creation, and housing development metrics.