hr166.html
09 LC 35 1186
House Resolution 166
By: Representatives Smith of the 113th, Amerson of the 9th, Hembree of the 67th, and Cheokas of the 134th

A RESOLUTION


Creating the Joint SITE TO GROW GEORGIA, Alternative Financing, and Entrepreneurship Study Committee; and for other purposes.

WHEREAS, science, innovation, technology, and energy (SITE) as well as alternative forms of investing public funds and greater support for the growth of entrepreneurship are essential elements for making Georgia the #1 DESTINATION FOR ENTREPRENEURS in the United States of America; and

WHEREAS, in order to take full advantage of the opportunities presented by SITE, Georgia must become a world center for the growth of these economic pillars by providing greater support for entrepreneurs and considering best practices for alternative investments for SITE; and

WHEREAS, innovative technologies, alternative forms of investments, and entrepreneurship form the foundation of a new economy and will drive innovations in health care, class room technology, agriculture, interactive games, renewable energy resources, industrial production, information technology, environmental management, computer sciences, nanotechnology, transportation technology, and national security; and

WHEREAS, Georgia loses massive potential return on its research investment to other states that have developed plans and infrastructures to support SITE development and the growth of entrepreneurship and that have established alternative forms of investments for the same; and

WHEREAS, this state cannot afford to leave the development of a SITE economy to chance, for each year Georgia fails to act, the state falls further behind the competition and loses its substantial investment in university research programs; and

WHEREAS, to become a leader in world technology, the government, entrepreneurs, and universities must be united in a comprehensive effort, thereby tying the state's investments in university research, commercialization, and economic development to measurable improvements in job growth, increases in tax revenues, and improvements in education, health, and the overall quality of life for all of Georgia's citizens; and

WHEREAS, to create the #1 DESTINATION FOR ENTREPRENEURS in the United States of America there must be a SITE to Grow Georgia, alternative investment options, and support for Georgia's entrepreneurs.

NOW, THEREFORE, BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA that there is created the Joint SITE TO GROW GEORGIA, Alternative Financing, and Entrepreneurship Study Committee. The committee shall consist of five members of the House of Representatives to be appointed by the Speaker of the House and five members of the Senate to be appointed by the President of the Senate. The Speaker shall designate one of the House members of the committee to serve as a co-chairperson and the President shall designate one of the Senate members of the committee to serve as a co-chairperson. The co-chairpersons shall call all meetings of the committee.

BE IT FURTHER RESOLVED that the committee shall undertake a study of Georgia's laws generally relating to science, innovation, technology, energy and entrepreneurship, and alternative forms of investment in these essential valuable resources. The committee shall also study ways to make Georgia the world's SITE for economic growth and entrepreneurial development and create the #1 DESTINATION FOR ENTREPRENEURS in the United States of America. The committee shall make recommendations for changes in legislation, provide copies of proposed legislation to be prepared by the Office of Legislative Counsel, and recommend any other action or make such report which the committee deems appropriate.

BE IT FURTHER RESOLVED that the committee shall undertake a study of the conditions, needs, and issues mentioned above or related thereto and recommend any action or legislation which the committee deems necessary or appropriate. The committee may conduct such meetings at such places and at such times as it may deem necessary or convenient to enable it to exercise fully and effectively its powers, perform its duties, and accomplish the objectives and purposes of this resolution. The members of the committee shall receive the allowances provided for in Code Section 28-1-8 of the Official Code of Georgia Annotated. The allowances authorized by this resolution shall not be received by any member of the committee for more than five days unless additional days are authorized. The funds necessary to carry out the provisions of this resolution shall come from the funds appropriated to the House of Representatives and the Senate. In the event the committee makes a report of its findings and recommendations, with suggestions for proposed legislation, if any, such report shall be made on or before December 31, 2009, at which time the committee shall stand abolished.