STATE GOVERNMENT OneGeorgia Authority: Create State Authority To Enhance Rural Development

The Act, establishing the OneGeorgia Authority (Authority), provides public funding for rural economic development. The Act provides for the creation of the Authority, delineating the makeup of the board and the powers of the Governor and others to appoint board members and the Director of the Authority. Primary funding, to be approved by the General Assembly each year, will be provided through the state\u27s settlement of tobacco litigation. The Act also allows the Authority to issue bonds, not subject to the Georgia Securities Act of 1975. Funding will be used for infrastructure and other projects designed to attract business to rural Georgia. The Act also establishes the OneGeorgia Authority Overview Committee