GA HB1098

Creates the Georgia Investment Act Pilot Fund as a separate trust fund in the state treasury to support economic development in underdeveloped communities, funded through General Assembly appropriations, grants, donations, and other public/private sources

Establishes eligibility criteria for county disbursements requiring at least 3 of 5 factors: median household income below state average, unemployment above state average, poverty rate exceeding state threshold, certified infrastructure/service gaps, or documented economic dislocation history

Addresses that over 4.3 million Georgians (25% of state population) currently reside in counties ineligible or only conditionally eligible for existing OneGeorgia Authority funding

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 the OneGeorgia Authority to submit annual accounting to budget offices by January 1 and publish annual reports documenting applications, awards, disbursements, project categories, and job creation/housing development metrics