Bill Text: GA HR1116 | 2009-2010 | Regular Session | Introduced
Bill Title: New state revenue; percentage to African-American owned institutions; request
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2010-01-25 - House Second Readers [HR1116 Detail]
Download: Georgia-2009-HR1116-Introduced.html
10
LC 94 1719
House
Resolution 1116
By:
Representatives Heckstall of the
62nd,
Brooks of the
63rd,
and Dukes of the
150th
A
RESOLUTION
Recognizing
the need for creating new streams of state revenue in these difficult economic
times and requesting that a percentage of state funds be deposited into
African-American owned financial institutions; and for other
purposes.
WHEREAS,
African Americans struggled for centuries to achieve civil rights and equality;
and
WHEREAS,
minorities in this country need equal economic rights just as they need equal
civil rights; and
WHEREAS,
the State of Georgia is the ninth largest state in this nation with a budget of
over $20 million; and
WHEREAS,
in order to stimulate the economy, the State of Georgia should allocate a
percentage of its state controlled deposits to be held in FDIC protected,
African-American owned banks; and
WHEREAS,
by apportioning a percentage of state held deposits into African-American owned
banks, these institutions would have access to additional funds which would, in
turn, allow them to issue loans to their customers living in African-American
communities; and
WHEREAS,
the availability of additional funds in African-American owned banks would pave
the way for citizens who already contribute so much to our economy to obtain
loans on homes, cars, and education, which would generate interest payments for
this state; and
WHEREAS,
this method of generating new streams of revenue for Georgia has been overlooked
and this pattern of ignoring minority-owned businesses should end;
and
WHEREAS,
in these unprecedented economic times it is vital to explore every option for
increasing state revenue and the state is memorialized to place a greater number
of African-American owned banks on the approved list to serve as a depository
for the state or any department or agency of the state.
NOW,
THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES that the members of
this body request that a percentage of state held deposits be placed in
African-American owned banks in order to stimulate the economy.
BE
IT FURTHER RESOLVED that the Clerk of the House of Representatives is authorized
and directed to transmit an appropriate copy of this resolution to members of
the public and the press.
