Governor signs "Georgia Business Act"

HB 259

COLUMBUS, GA (WTVM) - Georgia Governor Nathan Deal stopped in West Point on Wednesday, signing the "Georgia Business Act" into law at the KIA training facility.

With this law, state agencies will be able to buy cars made in Georgia, like Kia, instead of going through the competitive bidding process.

Governor Deal adds the bill expands definition of small business to include organizations with 300 or fewer employees or less than $30 million in annual revenue.

He also said this will reduce administrative cost increasing efficiency of state agencies.

"The bill supports businesses of all sizes, helping tax dollars remain in our state and safeguarding GA revenue," Governor Deal said.

You can read an excerpt of the bill below.

A BILL to be entitled an Act to amend Article 3 of Chapter 5 of Title 50 of the Official Code of Georgia Annotated, relating to state purchasing, so as to provide an exemption from competitive bidding procedures; to increase the exemption threshold for competitive bidding procedures; to change a short title; to change a definition relative to small business assistance; to revise legislative intent; to provide for a short title; to provide for applicability; to provide for an effective date; to repeal conflicting laws; and for other purposes.

This bill is sponsored by representative Terry Rogers from Clarkesville.

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