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GA HR6
Resolution
Status
1/13/2025
Primary Sponsor
Dar'shun Kendrick
Click for details
AI Summary
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Proposes a constitutional amendment to allow the General Assembly to create multiple Seed-Capital Funds, changing current language that permits only one fund
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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
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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
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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