2010 Legislative Report - Week 3

Earlier today, Georgia Branch, AGC’s Young Leadership Program hosted a legislative luncheon and tour of Georgia’s State Capitol. Nearly 40 attendees heard from our newly appointed Secretary of State Brian Kemp during the luncheon held atop the Sloppy Floyd Building. The group then walked across the street to visit the Capitol for a tour and the opportunity to participate in the legislative process.

Included in this report are summaries of several key topics and/or current legislative proposals Georgia Branch, AGC is engaged in during these early weeks of the 2010 session.

AGC Advocates for Additional Infrastructure Investment in our State Budget as way to help Jump Start Georgia’s Economy: Georgia Branch, AGC is following AGC of America’s lead in advocating for additional infrastructure investment in our state budget as a way to help jump start Georgia’s ailing economy. However, Georgia has limitations on the amount of debt we can carry annually from General Obligation Bond Debt Service. Georgia has a 10% constitutional limit on General Obligation Bond Debt Service and is currently one of only 7-states enjoying an AAA bonding rating. This AAA rating allows us to enjoy a competitive advantage over other states because of our lower finance rates. As Georgia’s state revenue pie continues to shrink in this down economy we must find creative ways to fund our infrastructure needs without jeopardizing our AAA bonding rating.

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