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GA HR6

Resolution

Status

Introduced

1/13/2025

Primary Sponsor

Dar'shun Kendrick

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Proposes a constitutional amendment to allow the General Assembly to create multiple Seed-Capital Funds, changing current language that permits only one fund

  • Funds would continue to be disbursed by the Advanced Technology Development Center of the University System of Georgia to provide equity and capital to small, young entrepreneurial firms in technology, manufacturing, or agriculture

  • Returns on loans and investments would be deposited back into the applicable Seed-Capital Fund for further disbursement, with funds exempt from standard lapsing requirements

  • Requires voter ratification through a ballot question at a statewide election

Legislative Description

General Assembly; more than one Seed-Capital Fund; provide by law - CA

Last Action

House Second Readers

1/15/2025

Committee Referrals

Higher Education1/14/2025

Full Bill Text

No bill text available