Updated March 25, 2014
The Georgia Downtown Renaissance Fund Act, HB 128, implements many of the recommendations of the Special Downtown Development Task Force, including additional investment in Georgia's downtowns which are the engines of growth for the state's economic future.
HB 128, by Rep. Allen Peake (R-Macon), creates a fund, to be administered by the Department of Community Affairs, to direct investments in downtowns. HB128 authorizes funding at an annual appropriation of up to $5 million for 4 years, for a total of $20 million.
HB 128 was passed by the Georgia House of Representatives and the Georgia Senate and is now awaiting action by Governor Nathan Deal.