Floor Action in Both Bodies this Week
This week the House and Senate passed several bills of interest to our members.
Remote Shareholder Meetings.
The Senate unanimously passed SB 168
by Sen. Larry Walker
(R-Perry). The bill provides that a corporation may hold annual shareholders' meetings and special shareholders' meetings by means of remote communication. The bill would apply to bank holding companies and contains permissive language like that included in the Department of Banking and Finance’s housekeeping bill that is now pending in the Senate Rules Committee. SB 168 is similar to HB 306
by Rep. Stan Gunter
(R-Blairsville) that has passed the House and is pending in the Senate Judiciary Committee. GBA supports both bills as well as the Department’s housekeeping bill.
Remote Online Notary.
The House passed HB 334
by Rep. Joseph Gullett
(R-Dallas). The bill creates additional ways to notarize documents by electronic means. The bill is now pending before the Senate Judiciary Committee. GBA supports.
Rural Development Council.
The House unanimously passed HB 185
by Speaker David Ralston
(R-Blue Ridge). The resolution reauthorizes the House Rural Development Council through 2022. GBA supports.
Economic Development – Projects of Regional Significance.
The House passed HB 586
by Rep. Sam Watson
(R-Moultrie) extends the sunset date for the exemption from state sales and use taxes for projects of regional significance. GBA is monitoring.
Economic Development – Railroad Infrastructure.
The House unanimously passed HB 888
by Rep. Bruce Williamson
(R-Monroe). The bill provides for sales and use tax exemptions for certain eligible expenditures for the Georgia Freight Railroad Program. GBA is monitoring.
The House passed HB 645
by Rep. Micah Gravley
(R-Douglasville). The bill revises the state medical cannabis statute and among other things, adds credit unions as authorized to open bank accounts for proposed applicants. GBA is monitoring.
Border Region Retail Tourism.
The Senate passed SB 255
by Sen. Jeff Mullis
(R-Chickamauga). The bill establishes the Border Region Retail Tourism Development Program that would award grants to induce businesses to locate in Georgia if the business is currently within 10 miles of the Georgia border. GBA is monitoring.
Interior Design Liens.
The House unanimously passed HB 480
by Rep. Dale Washburn
(R-Macon). The bill adds to the mechanics and materialman lien statute a new category of liens for labor, services, or materials performed or furnished by registered interior designers. GBA is monitoring.
The House passed HB 554
by Rep. Stan Gunter
(R-Blairsville). The bill revises when an action related to a dispute involving real property may operate as a lis pendens. GBA is monitoring.