HB 739 - Institute for Community Economic Development; create
Georgia House of Representatives - 1995/1996 Sessions
HB 739 - Institute for Community Economic Development; create
Page Numbers - 1/ 2/ 3/ 4/ 5
1. Brown 117th 2. Hart 116th 3. Howard 118th
4. Lucas 124th 5. Smyre 136th 6. James 140th
House Comm: Ind / Senate Comm: /
House Vote: Yeas Nays Senate Vote: Yeas Nays
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House Action Senate
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2/15/95 Read 1st Time
2/16/95 Read 2nd Time
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Code Sections amended: 50-29-1, 50-29-2, 50-29-3, 50-29-4, 50-29-5, 50-29-6
HB 739 LC 19 2403
A BILL TO BE ENTITLED
AN ACT
1- 1 To amend Title 50 of the Official Code of Georgia Annotated,
1- 2 relating to state government, so as to create the Georgia
1- 3 Institute for Community Economic Development; to define
1- 4 terms; to provide for the purposes of the institute; to
1- 5 provide for the powers of the institute; to provide for a
1- 6 director of the institute; to provide for the powers and
1- 7 duties of the director of the institute; to provide that the
1- 8 costs of operating the institute shall be paid from public
1- 9 funds; to assign the institute to the Department of
1-10 Community Affairs for administrative purposes only; to
1-11 designate the Attorney General as legal adviser for the
1-12 director; to provide for related matters; to repeal
1-13 conflicting laws; and for other purposes.
1-14 BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
1-15 Title 50 of the Official Code of Georgia Annotated, relating
1-16 to state government, is amended by adding at the end thereof
1-17 a new Chapter 29 to read as follows:
"CHAPTER 29
1-18 50-29-1. (Index)
1-19 As used in this chapter, the term:
1-20 (1) 'Director' means the director of the Georgia
1-21 Institute of Community Economic Development as created
1-22 under this chapter.
1-23 (2) 'Institute' means the Georgia Institute for
1-24 Community Economic Development as created under this
1-25 chapter.
1-26 50-29-2. (Index)
1-27 There is created and established the Georgia Institute of
1-28 Community Economic Development as a body corporate and
1-29 politic, an instrumentality of the state, and a public
-1- (Index)
LC 19 2403
2- 1 corporation; and by that name the institute may contract
2- 2 and be contracted with and bring and defend actions.
2- 3 50-29-3. (Index)
2- 4 The purposes for which the institute is founded shall
2- 5 include the following:
2- 6 (1) To promote, stimulate, develop, and advance economic
2- 7 growth in undeveloped and economically distressed
2- 8 communities throughout the state and thereby promote,
2- 9 stimulate, develop, and advance the business,
2-10 prosperity, and economic welfare of the entire state;
2-11 (2) To encourage and assist, through loans, grants,
2-12 investments, or other business transactions, in the
2-13 location of small business and industry in this state
2-14 and to rehabilitate and assist existing small business
2-15 and industry in limited resource communities;
2-16 (3) To stimulate and assist in the expansion of all
2-17 kinds of community based small business activity which
2-18 will tend to promote small business development and
2-19 maintain the economic stability of the state;
2-20 (4) To provide maximum opportunities for employment and
2-21 improve the standard of living of the citizens of this
2-22 state;
2-23 (5) To coordinate, at the state level, the existing
2-24 network of economic development entities throughout the
2-25 state;
2-26 (6) To cooperate and act in conjunction with other
2-27 organizations, public or private, in the promotion of
2-28 industrial, commercial, agricultural, and recreational
2-29 small business developments in this state; and
2-30 (7) To provide financing for the promotion, development,
2-31 and conduct of all kinds of community based small
2-32 business activity in the state.
2-33 50-29-4. (Index)
2-34 In furtherance of its purposes, the institute shall have
2-35 the following powers:
2-36 (1) To provide technical advice and assistance for both
2-37 public and private sources of contract opportunities for
2-38 community based small businesses;
-2- (Index)
LC 19 2403
3- 1 (2) To identify and coordinate partnerships between
3- 2 private enterprise, government, and community based
3- 3 groups to facilitate community revitalization efforts;
3- 4 (3) To assist the Unified Development Council and
3- 5 regional development centers throughout the state in
3- 6 developing five-year plans for economic development
3- 7 initiatives for the poorest regions of this state;
3- 8 (4) To establish rural economic development centers for
3- 9 the purpose of establishing community economic
3-10 development projects;
3-11 (5) To provide grants and loans to community development
3-12 projects and to establish and regulate the terms and
3-13 conditions with respect to such grants and loans;
3-14 (6) To make and execute contracts, lease agreements, and
3-15 all other instruments necessary or convenient to
3-16 exercise the powers of the institute or to further the
3-17 public purposes for which it was created;
3-18 (7) To apply for and to accept any gifts, bequests, or
3-19 grants or loan guarantees or loans of funds or property
3-20 or financial or other aid in any form from the federal
3-21 government or any agency or instrumentality thereof, or
3-22 from the state or any agency or instrumentality thereof,
3-23 or from any other source for any or all of the purposes
3-24 specified in this chapter and to comply, subject to the
3-25 provisions of this chapter, with the terms and
3-26 conditions thereof;
3-27 (8) To contract with state agencies or any local
3-28 government for the use by the institute of any property,
3-29 facilities, or services of the state, or any such state
3-30 agency or local government;
3-31 (9) To fix and collect fees and charges for data or
3-32 other incidental services provided by it to any private
3-33 individual or entity;
3-34 (10) To deposit or invest funds held by it in any state
3-35 depository or in any investment which is authorized for
3-36 the investment of proceeds of state general obligation
3-37 bonds, and to use for its corporate purposes or
3-38 redeposit or reinvest interest earned on such funds;
3-39 (11) To exercise any power granted by the laws of this
3-40 state to public or private corporations which is not in
3-41 conflict with the public purpose of the institute; and
-3- (Index)
LC 19 2403
4- 1 (12) To do all things necessary or convenient to carry
4- 2 out the powers conferred by this chapter.
4- 3 50-29-5. (Index)
4- 4 (a) The institute shall be under the direction and
4- 5 supervision of a director who shall be appointed by the
4- 6 Governor.
4- 7 (b) The director shall have the following powers and
4- 8 duties:
4- 9 (1) To maintain an office in the City of Atlanta and
4-10 such other offices within the state as the director may
4-11 deem necessary;
4-12 (2) To appoint assistants, clerks, and other employees
4-13 as the director may deem necessary and to fix their
4-14 compensation;
4-15 (3) To cooperate with individuals and with state, local,
4-16 and other agencies, both public and private, and to
4-17 obtain upon request and utilize the services of all
4-18 governmental departments and agencies;
4-19 (4) To accept gifts, bequests, grants, or other public
4-20 or private payments on behalf of the state and to pay
4-21 such moneys into the state treasury;
4-22 (5) To furnish technical advice and assistance with
4-23 respect to community economic development to further the
4-24 purposes of this chapter;
4-25 (6) To render written reports to the Governor and the
4-26 General Assembly. The reports may contain
4-27 recommendations of the director for legislative or other
4-28 action to effectuate the purposes of this chapter;
4-29 (7) To act as a liaison between community based groups,
4-30 small and minority businesses, government agencies,
4-31 community development corporations, and the private
4-32 sector; and
4-33 (8) To require from any state agency or department such
4-34 reports and information at such times as it may deem
4-35 reasonably necessary to carry out the purposes of this
4-36 chapter.
-4- (Index)
LC 19 2403
5- 1 50-29-6. (Index)
5- 2 (a) All costs of operating and conducting the institute
5- 3 shall be paid from public funds appropriated for such
5- 4 purposes.
5- 5 (b) The institute shall be assigned to the Department of
5- 6 Community Affairs for administrative purposes only,
5- 7 pursuant to Code Section 50-4-3.
5- 8 (c) The Attorney General shall be the legal adviser for
5- 9 the director."
SECTION 2.
5-10 All laws and parts of laws in conflict with this Act are
5-11 repealed.
-5- (Index)
Office of the Clerk of the House
Robert E. Rivers, Jr., Clerk of the House
Last Updated on 01/02/97