05 LC 21
8058/AP
House
Resolution 66 (AS PASSED HOUSE AND SENATE)
By:
Representatives Smith of the
168th,
Smith of the
70th,
Sheldon of the
105th,
Barnes of the
78th,
Meadows of the
5th,
and others
A
RESOLUTION
Providing
that the Department of Community Affairs may provide that the service area of
any nonprofit corporation created by a regional development center and
designated as a certified development company by the federal Small Business
Administration may include all or part of the entire State of Georgia solely for
the purpose of providing authorized program services in accordance with SBA
regulations; to provide for procedures; to provide for the transmission of
copies of this resolution; to provide for an effective date; and for other
purposes.
WHEREAS,
subparagraph (f)(1)(A) of Code Section 50-8-35 of the Official Code of Georgia
Annotated authorizes each regional development center to create nonprofit
corporations to administer federal or state revolving loan programs or loan
packaging programs; and
WHEREAS,
the Central Savannah River Area, Coastal Georgia, South Georgia, Middle Georgia,
North Georgia, and Georgia Mountains Regional Development Centers have created
and operated such nonprofit corporations, each of which has been designated as a
certified development company by the federal Small Business Administration for
the express purpose of delivering SBA program services; and
WHEREAS,
under SBA regulation 13 CFR Part 120, pertaining to certified development
companies, the minimum area of operations is the state in which the CDC is
incorporated; and
WHEREAS,
the regional development centers and their respective certified development
companies desire to provide SBA program services to small businesses statewide
for competitive purposes, as authorized by federal regulations; and
WHEREAS,
in accordance with subsection (f) of Code Section 50-8-4 of the Official Code of
Georgia Annotated, the Board of Community Affairs has adopted procedures to
provide for the state-wide provision of such services;
and
WHEREAS, the board action delineating such boundary changes shall not be effective until approved by a joint resolution or Act of the General Assembly.
WHEREAS, the board action delineating such boundary changes shall not be effective until approved by a joint resolution or Act of the General Assembly.
NOW,
THEREFORE, BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA that each regional
development
centeŕs
board of directors may adopt a resolution or amend an existing resolution
establishing the specific operating area for the certified development company
it created to include areas within the state beyond the geographic boundaries of
the regional development center.
BE
IT FURTHER RESOLVED that a certified development
companýs
articles of incorporation be amended to establish its area of operations
consistent with such resolution by the regional development
centeŕs
board of directors.
BE
IT FURTHER RESOLVED that, if so authorized by such resolution of the regional
development
centeŕs
board and the certified development
companýs
articles of incorporation, the service area of any nonprofit corporation created
by a regional development center and so designated as a certified development
company by the federal Small Business Administration may include all or part of
the entire State of Georgia solely for the purpose of providing authorized
program services in accordance with SBA regulations.
BE
IT FURTHER RESOLVED that the Clerk of the House of Representatives is authorized
and directed to transmit copies of this resolution to the Department of
Community Affairs and to each regional development center.
BE
IT FURTHER RESOLVED that the provisions of this resolution shall become
effective upon approval of the Governor.