Georgia Disclosure Regimes

State Year of Disclosure Law Specific Subsidy Program Affected by Law
(*Means Update to Earlier Law)		 Disclosure Law State Statute Excerpt Subsidies in Sample? (Y/N) Internal Disclosure? (Y/N) External Disclosure? (Y/N)
Georgia 2021 General economic development 2021 Ga. SB 6 28-5-41.1.
(a) An economic analysis shall include, but not be limited to, a good faith estimate as a result of the law or proposed law, on an annual basis for five years thereafter, of the following, on both a direct and indirect basis:
(1) Net change in state revenue;
(2) Net change in state expenditures, which shall include, but not be limited to, costs of administering the bill;
(3) Net change in economic activity; and
(4) If applicable, any net change in public benefit.
(b) On or before May 1 of each year, the chairperson of the House Committee on Ways and Means and the chairperson of the Senate Finance Committee may each request up to five economic analyses, which requests shall be transmitted to the Department of Audits and Accounts. The Department of Audits and Accounts shall contract with one or more independent auditors to complete all such analyses on or before December 1 of the year in which such analysis was requested. Each such request shall be limited to one existing provision of law or proposed law and shall specify one particular exemption, exclusion, or deduction from the base of a tax; credit against a tax; deferral of a tax; a rebate of taxes paid; tax abatement; or preferential tax rate to be analyzed.
(c) Copies of each completed economic analysis shall be provided to the House Budget and Research Office and the Senate Budget and Evaluation Office.
(d) If a fiscal note is requested pursuant to Code Section 28-5-42 and a relevant economic analysis has been conducted within one year of such request, the Office of Planning and Budget may prepare a summary of such economic analysis and attach it with the requested fiscal note.
(e) An economic analysis shall be conducted on the performance and outcomes of Code Section 33-1-25, which shall be completed by December 1, 2021.		 N N Y
Georgia 2021 Atlanta Urban Enterprise Zone Act 2021 Ga. HB 757 SECTION 1.
The “Atlanta Urban Enterprise Zone Act, ” approved March 24, 1988 (Ga. L. 1988, p. 4164), as amended, is amended by revising Sections 2 through 12 as follows:
SECTION 8. [...]
(b) Qualifying Firms, Businesses, and Service Enterprises.
(1) The city may enter into agreements with qualifying businesses or service enterprises in designated urban enterprise zones to provide for modification or termination of the tax and fee exemptions and abatements.
(2) Property tax incentives available to a qualified business or service enterprise in an enterprise zone shall remain in effect no more than ten years regardless of the termination of the designation of the urban enterprise zone.
SECTION 10.
(a) The city shall annually submit a report to the board of commissioners, the Department of Community
Affairs of the State of Georgia, and the local legislative delegations of the city and county. (b) The report required by subsection (a) of this section shall include, at a minimum:
(1) The location, boundary, and size of all zones created in the immediately preceding calendar year and created since the effective date of this Act;
(2) The beginning and end dates of each urban enterprise zone designation period; and
(3) The current amount of taxes and fees abated in the preceding calendar year and since the effective
date of this Act.		 N N Y
Georgia 2021 Fulton Technology and Energy Enhancement Authority "Fulton Technology and Energy Enhancement Authority.", 2021 Ga. HB 762 SECTION 3. Fulton Technology and Energy Enhancement Authority.
(a) There is created a public body corporate and politic to be known as the “Fulton Technology and Energy Enhancement Authority,” which shall be deemed to be a political subdivision of the state and a public corporation, and by that name, style, and title said body may contract and be contracted with, sue and be sued, implead and be impleaded, and complain and defend in all courts of law and equity.
SECTION 22. Tax exemption.
The income of the authority, the properties of the authority, both real and personal, and all revenue bonds, certificates of participation, notes, and other forms of obligations issued by the authority shall be exempt from all state and local taxes and special assessments of any kind to the extent permitted by and in accordance with the general laws of the state.

SECTION 6. Meetings and public hearings.
The board shall meet at the call of the chairperson. In addition, the board shall hold quarterly public hearings in the area of operation to receive public comments relating to the needs of the community and possible ways to address such needs. The board shall consider, but shall not be bound by, such comments and suggestions.		 N Y N
Georgia 2019 Preceptor Tax Incentive Program "Preceptor Tax Incentive Program" or "PTIP.", 2019 Ga. HB 287 48-7-29.22. [...]
(b)
(1) A community based faculty preceptor shall be allowed a credit against the tax imposed by Code Section 48-7-20 if he or she conducts a preceptorship rotation.
(2) Such credit shall be accrued on a per preceptorship rotation basis in the amount of $500.00 for the first, second, or third preceptorship rotation and $1,000.00 for the fourth, fifth, sixth, seventh, eighth, ninth, or tenth preceptorship rotation completed in one calendar year by a community based faculty preceptor who is a physician as defined in Code Section 43-34-21 and $375.00 for the first, second, or third preceptorship rotation and $750.00 for the fourth, fifth, sixth, seventh, eighth, ninth, or tenth preceptorship rotation completed in one calendar year by a community based faculty preceptor who is an advanced practice registered nurse as defined in Code Section 43-26-3 or a physician assistant as defined in Code Section 43-34-102.
(3) An individual shall not accrue credit for more than ten preceptorship rotations in one calendar year.[...]
(f)
(1) On August 1, 2020, and annually thereafter, the commissioner and the AHEC Program Office at Augusta University shall issue a report to the Governor, the chairperson of the Senate Finance Committee, and the chairperson of the House Committee on Ways and Means concerning the tax credit created by this Code section.
(2) Such report shall include, for the prior calendar year, the:
(A) Number of community based faculty preceptors claiming a credit;
(B) Total number of preceptorship rotations completed;
(C) Number of medical students, advanced practice registered nurse students, and physician assistant students who participated in a preceptorship rotation; and
(D) Total amount of credits awarded pursuant to this Code section.		 N N Y
Georgia 2019 Donations to rural hospital organizations tax credit 2019 Ga. HB 186 48-7-29.20.
(a) As used in this Code section, the term:
(1) ‘Qualified rural hospital organization expense’ means the contribution of funds by an individual or corporate taxpayer to a rural hospital organization for the direct benefit of such organization during the tax year for which a credit under this Code section is claimed. [...]
(i) The department shall post the following information in a prominent location on its website:
(1) All pertinent timelines relating to the tax credit, including, but not limited to:
(A) Beginning date when contributions can be submitted for preapproval by donors for the January 1 to June 30 period;
(B) Ending date when contributions can be submitted for preapproval by donors for the January 1 to June 30 period;
(C) Beginning date when contributions can be submitted for preapproval by donors for the July 1 to December 31 period;
(D) Ending date when contributions can be submitted for preapproval by donors for the July 1 to December 31 period; and
(E) Date by which preapproved contributions are required to be sent to the rural hospital organization;
(2) The list and ranking order of rural hospital organizations eligible to receive contributions established pursuant to paragraph (1) of subsection (b) of Code Section 31-8-9.1;
(3) A monthly progress report including:
(A) Total preapproved contributions to date by rural hospital organization;
(B) Total contributions received to date by rural hospital organization;
(C) Total aggregate amount of preapproved contributions made to date; and
(D) Aggregate amount of tax credits available; and
(4) A list of all preapproved contributions that were made to an unspecified or undesignated rural hospital organization and the rural hospital organizations that received such contributions.
(j) The Department of Audits and Accounts shall annually conduct an audit of the tax credit program established under this Code section, including the amount and recipient rural hospital organization of all contributions made, all tax credits received by individual and corporate donors, and all amounts received by third parties that solicited, administered, or managed donations pertaining to this Code section and Code Section 31-8-9.1.		 N N Y
Georgia 2017 Georgia Broadband Deployment Initiative 2017 Ga. SB 402 50-39-81.
(a) On or before July 1, 2019, the Department of Community Affairs shall develop the 'Georgia Broadband Deployment Initiative' program to provide funding awards to expand broadband services to unserved areas of the state. The goal of such program shall be to provide broadband services coverage throughout the entire state. The funding awards of the program shall represent the state's investment in the deployment of broadband services to unserved areas and shall be used only for capital expenses and expenses directly related to the purchase or lease of property or communications services or facilities, including without limitation backhaul and transport, to facilitate the provision of broadband services. [...]
50-39-84.
(a) On June 30, 2019, and on each June 30 thereafter, the Department of Community Affairs shall submit a report to the Lieutenant Governor, the Speaker of the House of Representatives, and the Governor on the progress in achieving the purposes of this article, including, at a minimum the status of any funding awards. Such report may be a part of or submitted in conjunction with the report required to be submitted by the Georgia Technology Authority pursuant to Code Section 50-39-2. Such report shall be published on the website of the Department of Community Affairs.		 N N Y
Georgia 2017 Vacant rural Georgia downtowns tax credits 2017 Ga. HB 73 48-7-40.32.
(a) As used in this Code section, the term:
(1) 'Certified entity' means any eligible business which establishes a new location within a revitalization zone on or after January 1, 2018, or any existing eligible business located within a revitalization zone that expands its operations, and which:[...]
(h) A certified entity shall report to the revenue commissioner the qualifying net job increases or decreases each year. A certified investor shall report to the revenue commissioner the investment amount in the initial qualifying year. The revenue commissioner and the commissioner of community affairs shall have the authority to require reports and promulgate regulations as needed in order to perform their duties under this Code section.		 N N Y
Georgia 2017 Film tax credit 2017 Ga. HB 199 48-7-40.26A.
(a) This Code section shall be known and may be cited as the 'Georgia Entertainment Industry Postproduction Investment Act.' [...]
(f) For taxable years beginning on or after January 1, 2018, and before January 1, 2023, the postproduction company shall report to the Department of Revenue on its Georgia income tax return the monthly average number of full-time employees subject to Georgia income tax withholding for the taxable year. For purposes of this subsection, the term 'full-time employee' shall mean a person who performs a job that requires a minimum of 35 hours a week, and pays at or above the average wage earned in the county with the lowest average wage earned in this state, as reported in the most recently available annual issue of the Georgia Employment and Wages Averages Report of the Department of Labor. Notwithstanding Code Sections 48-2-15, 48-7-60, and 48-7-61, for such taxable years, the commissioner shall annually report to the House Committee on Ways and Means and the Senate Finance Committee. The report shall include the name, tax year beginning, and monthly average number of full-time employees for each postproduction company. The first report shall be submitted by June 30, 2018, and each year thereafter by June 30.		 N N Y
Georgia 2015 Film tax credit 2015 Ga. HB 339 48-7-40.26 48-7-40.26
(e)
(6) Qualified interactive entertainment production companies seeking to claim a tax credit under the provisions of this Code section shall submit an application to the commissioner for preapproval of such tax credit. The commissioner shall be authorized to promulgate any rules and regulations and forms necessary to implement and administer the provisions of this Code section. The commissioner shall preapprove the tax credits based on the order in which properly completed applications were submitted. In the event that two or more applications were submitted on the same day and the amount of funds available will not be sufficient to fully fund the tax credits requested, the commissioner shall prorate the available funds between or among the applicants. [...]
(9)
(A) For taxable years beginning on or after January 1, 2016, and before January 1, 2019, the qualified interactive entertainment production company shall report to the Department of Revenue on its Georgia income tax return the monthly average number of full-time employees subject to Georgia income tax withholding for the taxable year as provided in subparagraphs (B) and (C) of this paragraph. For purposes of this paragraph, a full-time employee shall mean a person who performs a job that requires a minimum of 35 hours a week, and pays at or above the average wage earned in the county with the lowest average wage earned in this state, as reported in the most recently available annual issue of the Georgia Employment and Wages Averages Report of the Department of Labor.
(B) For taxable years beginning on or after January 1, 2016, and before January 1, 2017, the qualified interactive entertainment production company shall report such number for such taxable year and separately for each of the prior two taxable years.
(C) For taxable years beginning on or after January 1, 2017, and before January 1, 2019, the qualified interactive entertainment production company shall report such number for each respective taxable year.
(D) Notwithstanding Code Sections 48-2-15, 48-7-60, and 48-7-61, for such taxable years, the commissioner shall report yearly to the House Committee on Ways and Means and the Senate Finance Committee. The report shall include the name, tax year beginning, and monthly average number of full-time employees for each qualified interactive entertainment production company. The first report shall be submitted by June 30, 2016, and each year thereafter by June 30.
 N N Y
Georgia 2013 Local Workforce Investment Good Governance Act for Georgia 2013 Ga. HB 393 34-14-1.
As used in this chapter, the term:
(1) 'Board' means the Georgia Workforce Investment Board.
(2) 'Director' means the executive director of the Governor's Office of Workforce Development. [...]
34-14-2. [...]
(e) The board shall have such powers and duties as specified by the Governor and as provided by federal law. Without limiting the powers and duties of the board, the board shall: [...]
(5) Review plans for local workforce development and make recommendations to the Governor for approval;
(6) Evaluate the effectiveness of the workforce development system; [...]
(10) Monitor the operation of the state's workforce development system to assess the degree to which the system is effective in achieving state and local goals and objectives;
(11) Develop and recommend to the Governor criteria for the establishment of local workforce development boards;
(12) Carry out the federal and state duties and responsibilities of advisory boards under applicable federal and state workforce development laws or regulations; and
(13) Report not less than once per year to the Governor and the legislature.

34-14-21.
(a) The Governor shall, after receiving the recommendations of the Georgia Workforce Investment Board, publish a proposed designation of local workforce investment areas for the planning and delivery of workforce development.
(b) Units of general local government, business and labor organizations, and other affected persons and organizations shall be given an opportunity to comment on and request revisions to the proposed designation of a local workforce investment area.
(c) After considering all comments and requests for changes, the Governor shall make the final designation of local workforce investment areas in accordance with the federal Workforce Investment Act.		 N N Y
Georgia 2013 Invest Georgia Fund 2013 Ga. HB 318 10-10-20. 10-10-18.
(a) Not later than December 31 of each year, each venture capital fund shall report to the board:
(1) The amount of designated capital remaining uninvested at the end of the preceding calendar year;
(2) All qualified investments made during the preceding calendar year, including the number of employees of each business at the time the qualified investment was made and as of December 31 of that year;
(3) For any qualified investment in which the venture capital fund no longer has a position as of the end of the calendar year, the number of employees of the business as of the date the investment was terminated; and
(4) Any other information the board requires to ascertain the impact of this article on the economy of Georgia.
(b) Not later than 180 days after the end of its fiscal year, each venture capital fund shall provide to the board an audited financial statement that includes the opinion of an independent certified public accountant.
(c) Not later than 60 days after the sale or other disposition of a qualified investment, the selling venture capital fund shall provide to the board a report on the amount of the interest sold or disposed of and the consideration received for the sale or disposition.
10-10-20.
(a)
(1) On or before January 1, 2015, and January 1 of each subsequent year, the fund administrator, through the board, shall submit a report on the implementation of this article to the Governor, the Lieutenant Governor, the Speaker of the House of Representatives, and the chairpersons of the Senate Finance Committee and the House Committee on Ways and Means.
(2) The center shall also publish the report on the center's website in a publicly available format.
(3) The report published on the website shall not include any proprietary or confidential information.
(b) The report shall include:
(1) With respect to each venture capital fund or private equity organization that has received an allocation of designated capital:
(A) The name and address of the venture capital fund or private equity organization;
(B) The names of the individuals making qualified investments under this article;
(C) The amount of designated capital received during the previous year;
(D) The cumulative amount of designated capital received;
(E) The amount of designated capital remaining uninvested at the end of the preceding calendar year;
(F) The names and locations of qualified businesses receiving designated capital and the amount of each qualified investment;
(G) The annual performance of each qualified investment, including the qualified investment's fair market value as calculated according to generally accepted accounting principles; and
(H) The amount of any qualified distribution or nonqualified distribution taken during the prior year, including any management fee;
(2) With respect to the Invest Georgia Fund:
(A) The amount of designated capital received during the previous year;
(B) The cumulative amount of designated capital received;
(C) The amount of designated capital remaining uninvested at the end of the preceding calendar year;
(D) The names and locations of qualified businesses receiving designated capital and the amount of each qualified investment; and
(E) The annual performance of each qualified investment, including the qualified investment's fair market value as calculated according to generally accepted accounting principles; and
(3) With respect to the qualified businesses in which venture capital funds have invested:
(A) The classification of the qualified businesses according to the industrial sector and the size of the business;
(B) The total number of jobs created in Georgia by the investment and the average wages paid for the jobs; and
(C) The total number of jobs retained in Georgia as a result of the investment and the average wages paid for the jobs.		 N Y Y
Georgia 2011 Film tax credits 2011 Ga. HB 1027 48-7-40.26. [...]
(c) For any production company or qualified interactive entertainment production company and its affiliates that invest in a state certified production approved by the Department of Economic Development and whose average annual total production expenditures in this state did not exceed $ 30 million for 2002, 2003, and 2004, there shall be allowed an income tax credit against the tax imposed under this article. The tax credit under this subsection shall be allowed if the base investment in this state equals or exceeds $ 500,000.00 for qualified production activities and shall be calculated as follows:
(1) The production company or qualified interactive entertainment production company shall be allowed a tax credit equal to 20 percent of the base investment in this state; and
(2)
(A) The production company or qualified interactive entertainment production company shall be allowed an additional tax credit equal to 10 percent of such base investment if the qualified production activity includes a qualified Georgia promotion. In lieu of the inclusion of the Georgia promotional logo, the production company or qualified interactive entertainment production company may offer alternative marketing opportunities to be evaluated by the Georgia Department of Economic Development to ensure that they offer equal or greater promotional value to the State of Georgia.
(B) The Department of Economic Development shall prepare an annual report detailing the marketing opportunities it has approved under the provisions of subparagraph (A) of this paragraph. The report shall include, but not be limited to:
(i) The goals and strategy behind each marketing opportunity approved pursuant to the provisions of subparagraph (A) of this paragraph;
(ii) The names of all production companies approved by the Department of Economic Development to provide alternative marketing opportunities;
(iii) The estimated value to the state of each approved alternative marketing opportunity compared to the estimated value of the Georgia promotional logo; and
(iv) The names of all production companies who chose to include the Georgia promotional logo in their final production instead of offering the state an alternative marketing proposal.
The report required under this paragraph shall be completed no later than January 1 of each year and presented to each member of the House Committee on Ways and Means, the Senate Finance Committee, the Senate Economic Development Committee, the House Committee on Economic Development and Tourism, and the Governor.		 N N Y
Georgia 2009 General Transparency Law 2009 Ga. SB 389 (b) As used in this Code section, the term: [...]
(2) 'Searchable website' means a SINGLE website that allows the public to review and analyze information identified in subsection (c) of this Code section. [...]
(c) (1) THE department shall develop and operate a single searchable website accessible by the public, at no cost, that provides the following information pertaining to state fiscal year 2008 AND EACH FISCAL YEAR THEREAFTER :
 N Y N
Georgia 2009 Qualified investments tax credits 2009 Ga. HB 1069 48-7-40.30.
(B) AS USED IN THIS CODE SECTION, THE TERM: [...]
(7) 'QUALIFIED INVESTMENT'MEANS AN INVESTMENT BY A QUALIFIED INVESTOR OF CASH IN A QUALIFIED BUSINESS FOR COMMON OR PREFERRED STOCK OR AN EQUITY INTEREST OR A PURCHASE FOR CASH OF QUALIFIED SUBORDINATED DEBT IN A QUALIFIED BUSINESS; PROVIDED, HOWEVER, THAT FUNDS CONSTITUTING A QUALIFIED INVESTMENT CANNOT HAVE BEEN RAISED OR BE RAISED AS A RESULT OF OTHER TAX INCENTIVE PROGRAMS. FURTHERMORE, NO INVESTMENT OF COMMON OR PREFERRED STOCK OR AN EQUITY INTEREST OR PURCHASE OF SUBORDINATED DEBT SHALL QUALIFY AS A QUALIFIED INVESTMENT IF A BROKER FEE OR COMMISSION OR A SIMILAR REMUNERATION IS PAID GIVEN DIRECTLY OR INDIRECTLY FOR SOLICITING SUCH INVESTMENT OR PURCHASE. [...]
(G) THE REGSITRATION OF A BUSINESS AS A QUALIFIED BUSINESS SHALL BE SUBJECT TO THE FOLLOWING CONDITIONS AND LIMITATIONS: [...]
(3) THE COMISSIONER SHALL REPORT TO THE HOUSE COMMITTEE ON WAYS AND MEANS AND THE SENATE FINANCE COMMITTEE EACH YEAR ALL OF THE BUSINESS THAT HAVE REGISTERED WITH THE COMISSIONER AS A QUALIFIED BUSINESS. THE REPORT SHALL INCLUDE THE NAME AND ADDRESS OF EACH BUSINESS, THE LOCATION OF ITS HEADQUARTERS, A DESCRIPTION OF THE TYPES OF BUSINESS IN WHICH IT ENGAGED, THE NUMBER OF JOBS CREATED BY THE BUSINESS DURING THE PERIOD COVERED BY THE REPORT, AND THE AVERAGE WAGES PAID.		 N N Y
Georgia 2009 Department of Transportation projects Transportation Investment Act of 2010, 2009 Ga. HB 277 48-8-251 48-8-251.
(A) THERE IS CREATED A CITIZENS REVIEW PANEL FOR EACH SPECIAL DISTRICT IN WHICH VOTERS APPROVED THE LEVY OF THE SPECIAL DISTRICT SALES AND USE TAX TO BE COMPOSED OF THREE CITIZEN MEMBERS APPOINTED BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES AND TWO CITIZEN MEMBERS APPOINTED BY THE LIEUTENANT GOVERNOR. EACH MEMBER MUST BE A RESIDENT OF THE SPECIAL DISTRICT OF WHICH CITIZENS REVIEW PANEL THEY ARE APPOINTED TO SERVE. [...]
(G) UPON THE COMPLETION OF A PROJECT ON THE INVESTMENT LIST, THE PANEL SHALL ANNUALLY REVIEW THE SPECIFIC PUBLIC BENEFITS IDENTIFIED IN THE INVESTMENT LIST TO ASCERTAIN THE DEGREE TO WHICH SUCH BENEFITS HAVE BEEN ATTAINED. THIS BENEFIT REVIEW REPORT SHALL BE DELIVERED TO THE DIRECTOR AND THE STATE REVENUE COMMISSIONER AND SHALL BE PUBLISHED ON THE WEBSITE CREATED PURSUANT TO PARAGRAPH (3) OF SUBSECTION (C) OF CODE SECTION 48-8-245.
(H) BEGINNING JANUARY 1, 2013, AND ANNUALLY THEREAFTER, THE PANEL SHALL PROVIDE A REPORT TO THE GENERAL ASSEMBLY OF ITS ACTIONS DURING THE PREVIOUS YEAR. THE REPORT SHALL BE AVAILABLE FOR PUBLIC INSPECTION ON THE WEBSITE CREATED PURSUANT TO PARAGRAPH (3) OF SUBSECTION (C) OF CODE SECTION 48-8-245. THE REPORT SHALL INCLUDE, BUT NOT BE LIMITED TO, AN UPDATE ON THE PROGRESS ON EACH PROJECT ON THE INVESTMENT LIST FOR THE REGION, INCLUDING THE AMOUNT OF FUNDS SPENT ON EACH PROJECT.		 N N Y
Georgia 2009 Business enterprise tax credits 2009 Ga. HB 439 48-7-40.
(a) As used in this Code section, the term:[...]
(2) 'Business enterprise' means any business or the headquarters of any such business which is engaged in manufacturing, warehousing and distribution, processing, telecommunications, broadcasting, tourism, and research and development industries , AND SERVICES FOR THE ELDERLY AND PERSONS WITH DISABILITIES . Such term shall not include retail businesses.
(3) 'COMPETITIVE PROJECT' MEANS EXPANSION OR LOCATION OF SOME OR ALL OF A BUSINESS ENTERPRISE'S OPERATIONS IN THIS STATE HAVING SIGNIFICANT REGIONAL IMPACT WHERE THE COMMISSIONER OF ECONOMIC DEVELOPMENT CERTIFIES THAT BUT FOR SOME OR ALL OF THE TAX INCENTVES PROVIDED IN THIS CODE SECTION, THE BUSINESS ENTERPRISE WOULD HAVE LOCATED OR EXPANDED OUTSIDE THIS STATE. [...]
(g) The sale, merger, acquisition, or bankruptcy of any business enterprise shall not create new eligibility in any succeeding business entity, but any unused job tax credit may be transferred and continued by any transferee of the business enterprise. The commissioner of community affairs shall determine whether or not qualifying net increases or decreases have occurred and may require reports, promulgate regulations, and hold hearings as needed for substantiation and qualification. [...]
(j) (K) The commissioner may require such reports, promulgate such regulations, and gather such relevant data necessary and advisable for the evaluation of the job tax credits established by this Code section.		 N N Y
Georgia 2007 Department of Transportation projects 2007 Ga. HB 1189 32-2-41.1.
(a) On or before September 1, 2008, the commissioner shall prepare a report for the Governor, the Lieutenant Governor, the Speaker of the House of Representatives, and the chairpersons of the Senate Transportation Committee and the House Committee on Transportation, respectively, detailing the progress the department has made on preparing a State-wide Strategic Transportation Plan. The commissioner shall deliver a draft of the plan for comments and suggestions by members of the General Assembly and the Governor on or before January 1, 2009. Comments and suggestions by the General Assembly and the Governor shall be submitted to the commissioner no later than February 15, 2009. This plan shall include a list of projects realistically expected to begin construction within the next five years, the cost of such projects, and the source of funds for such projects. The plan shall also detail how the listed projects will help to mitigate congestion, improve air quality, improve public safety, increase mobility, and encourage economic development. The final version of the State-wide Strategic Transportation Plan shall be completed by June 30, 2009, and shall be delivered to the Governor, the Lieutenant Governor, the Speaker of the House of Representatives, and the chairpersons of the Senate Transportation Committee and the House Committee on Transportation on or before that date. An updated version of the State-wide Strategic Transportation Plan shall be prepared and delivered annually thereafter.
(b) The report and plan prepared under subsection (a) of this Code section shall also be published on the website of the department.		 N Y Y
Georgia 2007 General Transparency Law 2007 Ga. SB 300 50-6-32 50-6-32.
(a) This Code section shall be known and may be cited as the 'Transparency in Government Act.' [...]
(d) No later than January 1, 2010, the department shall develop and add to the searchable website a report of certain grant and contract payments made or due to vendors by agencies reporting through the state's general financial accounting and information system and all payments made through economic and incentive programs operated by the Department of Economic Development, the Department of Labor, the Department of Community Affairs, the Department of Agriculture, and the Georgia Lottery Corporation pertaining to state fiscal year 2009. Such report shall include, at a minimum:
(1) A list of all obligations entered into by the agency during the immediately preceding fiscal year which call for the agency to expend at any time in the aggregate more than $ 50,000.00; and
(2) A list of the names of each person, firm, or corporation that has received from the agency during the immediately preceding fiscal year payments in excess of $ 20,000.00 in the aggregate, including the amount paid to such person, firm, or corporation during such period.
As soon as is practical after the close of each fiscal year, the department shall update the single searchable website for such fiscal year to include the information set forth in this subsection.		 N Y N
Georgia 2007 Regional commissions expenses (Before: Regional development centers) 2007 Ga. HB 1216 50-8-35.; 50-8-38. 50-8-35.
(a) Each regional commission, as authorized by the council of such regional commission and consistent with federal and state law, shall perform the duties, responsibilities, and functions and may exercise the power and authority described in this Code section. Each commission may exercise the following power and authority: [...]
(3) A nonprofit corporation shall keep books of account reflecting all funds received, expended, and administered by the nonprofit corporation which shall be independently audited at least once in each fiscal year during which a nonprofit corporation functions. Such audit shall be conducted in accordance with generally accepted government auditing standards. The state auditor shall promulgate policies and procedures for procurement of such audit of the financial affairs of a nonprofit corporation and shall annually review the audit procurement process to determine compliance with established policies and procedures. The nonprofit corporation shall be responsible for the costs associated with such audit. The auditor's report shall be presented to the commissioner, who shall make such report available to each council member within the region and to the Board of Community Affairs. The books of account shall be kept in a standard, uniform format to be determined by the state auditor and the commissioner. Each nonprofit corporation shall update its books of account on a quarterly basis and shall present the quarterly update to the commissioner.
(4) Each nonprofit corporation shall submit to the department copies of all filings made to federal, state, or local taxing authorities, including filings related to tax exemptions simultaneous with such filings.
(5)
(A) Each annual audit report of a nonprofit corporation shall be completed and a copy of the report forwarded to the state auditor within 180 days after the close of the nonprofit corporation's fiscal year. In addition to the audit report, the nonprofit corporation shall forward to the state auditor, within 30 days after the audit report due date, written comments on the findings and recommendations in the report, including a plan for corrective action taken or planned and comments on the status of corrective action taken on prior findings. If corrective action is not necessary, the written comments should include a statement describing the reason it is not.
[...]
(6) A copy of the report and of any comments made by the state auditor pursuant to subparagraph (B) of paragraph (5) of this subsection shall be maintained as a public record for public inspection during the regular working hours at the principal office of the nonprofit corporation and the related commission.

50-8-38.
(a) A regional commission shall keep books of account reflecting all funds received, expended, and administered by the regional commission which shall be independently audited at least once in each fiscal year during which a regional commission functions. Such audit shall be conducted in accordance with generally accepted government auditing standards. The state auditor shall promulgate policies and procedures for procurement of such audit of the financial affairs of a regional commission and shall annually review the audit procurement process to determine compliance with established policies and procedures. The regional commission shall be responsible for the costs associated with such audit. The auditor's report shall be presented to the governing body of each member within the region and to the department. Beginning July 1, 1990, the books of account shall be kept in a standard, uniform format to be determined by the state auditor and the commissioner. Each regional commission shall update its books of account on a quarterly basis and shall present the quarterly update to the commissioner. The state auditor shall conduct at least triennially a performance audit of all state funds received by each regional commission and the department shall provide funds for such audits. The state auditor shall provide copies of a performance audit of a regional commission to the chief elected official of each county and municipality within the regional commission's region.
(b) In conducting a performance audit of a regional commission, the state auditor shall be allowed access to all books, records, and documents of the regional commission and all books, records, and documents of any nonprofit corporations either created or controlled or caused to be created by the regional commission, to the extent the state auditor deems necessary. [...]
(d) A copy of the report and of any comments made by the state auditor pursuant to paragraph (2) of subsection (c) of this Code section shall be maintained as a public record for public inspection during the regular working hours at the principal office of the regional commission.		 N Y Y
Georgia 2007 Georgia Smart Infrastructure Growth Act of 2007 2007 Ga. SB 200 36-93-1.
This chapter shall be known and may be cited as the 'Georgia Smart Infrastructure Growth Act of 2007.'

36-93-2.
As used in this chapter, the term:

(1) 'Additional projects' means district projects beyond those identified in the petition for creation of the district. [...]
(5) 'Board' means the governing board of a district or, if the board has been abolished, the board, body, or commission succeeding to the principal functions of the board.
(6) 'Bond' means any bonds of a district which are authorized to be issued under the Constitution and laws of this state, but shall not include notes or other obligations of the district.

36-93-5.
[...]
(g) The board shall keep a permanent record book entitled 'Record of Proceedings of (name of district) Infrastructure Development District,' in which shall be recorded minutes of all meetings, resolutions, proceedings, certificates, and any and all corporate acts. The record book and any other documents shall be open to inspection and governed by the provisions of Article 4 of Chapter 18 of Title 50. The record book shall be kept at a district office.
(h) All meetings of the board shall be open to the public and governed by the provisions of Chapter 14 of Title 50. The board shall hold at least one annual meeting on the same date every year, such date to be published as part of the resolution or ordinance creating the district. The meeting shall begin no earlier than 6:00 P.M. nor later than 7:00 P.M. and shall address issues related to the district including, but not limited to, current projects, district finances, and potential future projects. In addition, the board shall make available to any person upon request a report of the names and contact information of the board members, their employers, and their relationships to other members of the board and to any officer or employee of the developer.

36-93-7. [...]
(d) The district shall provide for the full disclosure of information relating to the public and private financing and maintenance of improvements to real property undertaken by the district. Such information shall be made available to all existing residents and to all prospective residents of the district. The district shall furnish each developer of a residential development within the district with sufficient copies of that information to provide each prospective initial purchaser of property in that development with a copy, and any developer of a residential development within the district, when required by law to provide a public offering statement, shall include a copy of such information relating to the public financing and maintenance of improvements in the public offering statement.

36-93-26.
(a) The Department of Community Affairs shall study and review all districts created pursuant to this chapter and shall report its findings to the General Assembly, the Senate Committee on Economic Development, and the House Committee on Economic Development and Tourism by January 31 of each year.
(b) This Code section shall stand repealed on January 31, 2013.
(e) The Department of Community Affairs shall keep a current list of districts and their disclosures pursuant to this chapter and shall make such studies, reports, and other documents available for inspection.		 N N Y
Georgia 2003 Advanced Technology Development Center grants 2003 Ga. HB 1507 CHAPTER 10
10-10-1
As used in this chapter, the term:
(1) 'Board' means the Board of Regents of the University System of Georgia.
(2) 'Center' means the Advanced Technology Development Center created by the board and acknowledged and empowered to administer the fund by Article III, IX, VI(g) of the Constitution of Georgia. [...]
[D> (6) <D] ( [A> 7) <A] 'Investment entity' means a limited partnership, a limited liability company, or other legal entity providing limited liability to its owners that is formed to receive, in part, an investment by the fund [A> OR AN EQUITY RETURN OF INVESTMENT FROM A FUND LOAN <A] and for which a general partner or manager manages the [D> capital <D] [A> EQUITY <A] contributions by making investments in qualified securities of one or more enterprises as permitted by this chapter and by paying the expenses of the investment entity.
10-10-2.
There is created the Seed-Capital Fund to be managed by the center under the authority of the board. 10-10-3.
(a) The fund is created as a separate fund maintained by the board or a body designated by the board and shall be expended only as provided in this chapter. Pending their use as [D> capital <D] [A> EQUITY <A] contributions [A> OR AS LOANS <A] , the moneys in the fund may be invested and reinvested in accordance with the investment policies authorized by the board or its designee. The entire cost of administration of the fund, including expenses of the center incurred in connection with the creation, operation, management, liquidation, and investment of fund moneys in [A> ENTERPRISES, DIRECTLY OR THROUGH <A] investment entities, may be paid from the assets of the fund. All moneys appropriated to or otherwise paid into the fund shall be presumptively concluded to have been committed to the purpose for which they have been appropriated or paid and shall not lapse.
(b) The fund shall consist of all moneys authorized by law for deposit in the fund, including, but not limited to, gifts, grants, private donations, and funds by government entities authorized to provide funding for the purposes authorized for use of the fund and any payments or returns on investments made by the center.
[A> (5) THE CENTER SHALL INVEST EQUITY CONTRIBUTIONS IN QUALIFIED SECURITIES OF ENTERPRISES ENGAGED IN AN ENTREPRENEURIAL BUSINESS ONLY AFTER RECEIPT OF AN APPLICATION FROM THE ENTERPRISE THAT CONTAINS: <A] [...]
[A> (H) BINDING COMMITMENTS HAVE BEEN MADE TO THE STATE BY THE ENTERPRISE FOR ADEQUATE REPORTING OF FINANCIAL DATA TO THE CENTER, WHICH SHALL INCLUDE A REQUIREMENT FOR AN ANNUAL REPORT OR, IF REQUIRED BY THE CENTER, AN ANNUAL AUDIT OF THE FINANCIAL AND OPERATIONAL RECORDS OF THE ENTERPRISE, AND FOR SUCH CONTROL ON THE PART OF THE INVESTMENT ENTITY AS CONSIDERED PRUDENT, OVER THE MANAGEMENT OF THE ENTERPRISE SO AS TO PROTECT THE INVESTMENT OR FINANCIAL COMMITMENT OF THE INVESTMENT ENTITY, INCLUDING IN THE DISCRETION OF THE ENTITY AND WITHOUT LIMITATION, RIGHT OF ACCESS TO FINANCIAL AND OTHER RECORDS OF THE ENTERPRISE AND MEMBERSHIP OR REPRESENTATION ON THE BOARD OF DIRECTORS OF THE ENTERPRISE. <A]
[D> 10-10-6. <D] [A> 10-10-7. <A]
The center, on behalf of the board, shall publish an annual report which shall be made available to the Governor, the General Assembly, [A> THE DEPARTMENT OF INDUSTRY, TRADE, AND TOURISM OR ANY SUCCESSOR AGENCY, THE CHAIRPERSON OF THE HOUSE COMMITTEE ON ECONOMIC DEVELOPMENT AND TOURISM, THE CHAIRPERSON OF THE SENATE ECONOMIC DEVELOPMENT AND TOURISM COMMITTEE, <A] and the board setting forth in detail the operations and transactions conducted by it pursuant to this chapter. The annual report shall specifically account for the ways in which the [D> need <D] [A> NEEDS <A] , mission, and programs of the center described in this chapter have been carried out. The center shall distribute its annual report by such means that will make it widely available o those innovative enterprises of special importance to the Georgia economy."		 N Y N
Georgia 2003 Certified capital company tax credits 2003 Ga. HB 1507 CHAPTER 18
48-18-1.
As used in this chapter, the term: [...]
(4) 'Certified capital company' means a partnership, corporation, trust, or limited liability company, whether organized on a profit or not for profit basis, that has as its primary business activity the investment of cash in qualified businesses and that is certified by the department as meeting the criteria of this law.
(6) 'Department' means the Office of Treasury and Fiscal Services. [...]
(8) 'Qualified business' means a business that meets all of the following conditions as of the time of a certified capital company's first investment in the business:
(A) Is headquartered and has its principal business operations located in this state;
(B) Is a small business concern as defined in Section 121.301(c) of the small business size regulations of the U.S.
Small Business Administration, 13 CFR 121.301(c);
(C) Has fewer than 200 employees and at least 75 percent of the employees are employed in the state; and
(D) Is not predominantly engaged in professional services provided by accountants, lawyers, or predominantly engaged in retail sales or the selling of real estate. [...]
(14) 'Tax credit' means the credit against state premium tax liability which is earned by a certified investor in connection with an investment of certified capital in a certified capital company pursuant to this chapter.
48-18-5. [...]
(g) Each certified capital company shall report the following to the department:
(1) As soon as practicable after the receipt of certified capital, each certified capital company shall report the following to the department:
(A) The name of each certified investor from which the certified capital was received, including such certified investor's insurance premium tax identification number;
(B) The amount of each certified investor's investment of certified capital and tax credits; and
(C) The date on which the certified capital was received;		 N N Y
Georgia 2001 Rehabilitation of historic structures tax credit 2001 Ga. HB 1441 48-7-29.8. 48-7-29.8.
(a) As used in this Code section, the term: [...]
(b) A taxpayer shall be allowed a tax credit against the tax imposed by this chapter for the taxable year in which the certified rehabilitation is completed: [...]
(k) The Department of Natural Resources shall report, on an annual basis, on the overall economic activity, usage, and impact to the state from the rehabilitation of eligible properties for which credits provided by this Code section have been allowed. "		 N N Y
Georgia 2001 State premium tax liability tax credit 2001 Ga. HB 1441 48-18-5.; 48-18-7. CHAPTER 18
48-18-1.
As used in this chapter, the term: [...]
(14) 'Tax credit' means the credit against state premium tax liability which is earned by a certified investor in connection with an investment of certified capital in a certified capital company pursuant to this chapter.

48-18-5.
(a) To continue to be certified, a certified capital company must make qualified investments according to the following schedule:
(g) Each certified capital company shall report the following to the department: [...]
(1) As soon as practicable after the receipt of certified capital, each certified capital company shall report the following to the department: [...]
(2) On an annual basis, on or before January 31:
(A) The amount of the certified capital company's certified capital at the end of the immediately preceding year;
(B) Whether or not the certified capital company has invested more than 15 percent of its total certified capital in any one qualified business;
(C) A description of all qualified investments that the certified capital company made during the previous calendar year; and
(D) For informational purposes only, the total number of permanent, full-time jobs either created or retained by the qualified business during the calendar year, the average wage of the jobs created or retained, the industry sectors in which the qualified businesses operate, and any additional capital invested in qualified businesses from sources other than certified capital companies;
(3) Each certified capital company shall provide to the department annual audited financial statements, which shall include the opinion of an independent certified public accountant regarding the financial statements, within 90 days of the close of the fiscal year. The audit or such other review performed by the independent certified public accountant shall address the methods of operation and conduct of the business of the certified capital company to determine if the certified capital company is complying with the statutes and program rules and that the funds received by the certified capital company have been invested as required within the time limits provided by subsection (a) of this Code section; and [...]

48-18-7.
(a) The department shall conduct an annual review of each certified capital company to determine if the certified capital company is abiding by the requirements of certification, to advise the certified capital company as to the eligibility status of its qualified investments, and to ensure that no investment has been made in violation of this chapter. The cost of the annual review shall be paid by each certified capital company according to a reasonable fee schedule adopted by the department.		 N N Y
Georgia 1999 OneGeorgia Authority Act 1999 Ga. SB 398 50-34-13. CHAPTER 34
50-34-1.
(a) This chapter shall be known and may be cited as the 'OneGeorgia Authority Act.' [...]

50-34-2.
As used in this chapter, the term:
(1) 'Authority' means the OneGeorgia Authority or any subsidiary corporation created by the board of directors of the OneGeorgia Authority pursuant to this chapter.
(2) 'Bonds' or 'revenue bonds' means any bonds, revenue bonds, notes, interim certificates, bond or revenue anticipation notes, or other evidences of indebtedness of the authority issued under this chapter, including, without limitation, obligations issued to refund any of the foregoing, notwithstanding that such bonds may be secured by the full faith and credit of a business, enterprise, or federal tobacco settlement proceeds paid to the State of Georgia.
(3) 'Business' means any lawful activity engaged in for profit or not for profit, whether organized as a corporation; a partnership, either general or limited; a sole proprietorship; an educational institution; or otherwise.
(4) 'Cost of project,' 'cost of any project,' or 'cost of an enterprise' means, as the context may require, all, including but without limiting the generality of the foregoing, of the following: [...]

50-34-13.
(a) The state auditor or an independent public accountant retained by the authority shall make an annual audit of the books, accounts, and records of the authority with respect to its receipts, disbursements, contracts, leases, assignments, loans, and all other matters relating to its financial operations. The state auditor shall place the audit report on file in his or her office, make the report available for inspection by the general public, and shall submit a copy of the report to the General Assembly.
(b) In addition to the annual audit report, the authority shall render to the state auditor every six months a report setting forth in detail a complete analysis of the activities, indebtedness, receipts, and financial affairs of the authority.


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