---
title: HR 6. General Assembly; more than one Seed-Capital Fund; provide by law - CA
collection: bills
id: 2025-2026/hr6
cite_as: HR 6, 2025-2026 Regular Session (Ga.)
canonical_url: https://georgiacommons.org/bills/2025-2026/hr6
md_url: https://georgiacommons.org/bills/2025-2026/hr6.md
text_url: https://georgiacommons.org/bills/2025-2026/hr6/text
source_url: https://www.legis.ga.gov/legislation/69278
date: 2025-01-15
status: introduced
corpus_version: bills-2026-09-13
license: Public record of the Georgia General Assembly, via LegiScan; see about.md
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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next: https://georgiacommons.org/bills/2025-2026/hr7.md
index: https://georgiacommons.org/bills/index.md
omitted: votes and history
omitted_chars: 129
omitted_url: https://georgiacommons.org/bills/2025-2026/hr6.md?full=1
bill_number: HR 6
session: 2025-2026 Regular Session
session_slug: 2025-2026
chamber: House
bill_type: resolution
status_date: 2025-01-13
last_action: House Second Readers
sponsors:
- Dar'shun Kendrick
- Sandra Scott
text_version: Introduced
has_text: true
legiscan_url: https://legiscan.com/GA/bill/HR6/2025
upstream_id: 1916873
summaries_model: claude-sonnet-5
topic_tags:
- constitutional amendment
- economic development
- startup funding
- state budget rules
---
# HR 6. General Assembly; more than one Seed-Capital Fund; provide by law - CA
## Text
House Resolution 6
By: Representative Kendrick of the 95th
A RESOLUTION
Proposing an amendment to the Constitution so as to authorize the General Assembly to
provide by law for more than one Seed-Capital Fund; to provide for the submission of this
amendment for ratification or rejection; and for other purposes.
BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Article III, Section IX, Paragraph VI of the Constitution is amended by revising
subparagraph (g) as follows:
"(g) The General Assembly is authorized to provide by law for the creation of a one or
more Seed-Capital Fund Funds from which funds shall be disbursed at the direction of the
Advanced Technology Development Center of the University System of Georgia to provide
equity and other capital to small, young, entrepreneurial firms engaged in innovative work
in the areas of technology, manufacturing, or agriculture. Funds shall be disbursed in the
form of loans or investments which shall provide for repayment, rents, dividends, royalties,
or other forms of return on investments as provided by law. Moneys received from returns
on loans or investments shall be deposited in the applicable Seed-Capital Fund for further
disbursement. The General Assembly is authorized to appropriate moneys to such fund or
funds and such moneys paid into the fund or funds shall not be subject to the provisions of
Article III, Section IX, Paragraph IV(c) relative to the lapsing of funds. The General
Assembly shall be authorized to provide by law for any matters relating to the purpose or
provisions of this subparagraph."
SECTION 2.
The above proposed amendment to the Constitution shall be published and submitted as
provided in Article X, Section I, Paragraph II of the Constitution. The ballot submitting the
above proposed amendment shall have written or printed thereon the following:
"( ) YES Shall the Constitution of Georgia be amended so as to authorize the General
( ) NO Assembly to provide by law for more than one Seed-Capital Fund from
which funds shall be disbursed at the direction of the Advanced Technology
Development Center of the University System of Georgia to provide equity
and other capital to small, young, entrepreneurial firms engaged in
innovative work in the areas of technology, manufacturing, or agriculture?"
All persons desiring to vote in favor of ratifying the proposed amendment shall vote "Yes."
All persons desiring to vote against ratifying the proposed amendment shall vote "No." If
such amendment shall be ratified as provided in said Paragraph of the Constitution, it shall
become a part of the Constitution of this state.
## Summaries written by Georgia Commons
The following was written by claude-sonnet-5 from the text above and is not part of the resolution. Quote the text, not the summary.
House Resolution 6 would ask Georgia voters to amend the state constitution to let the General Assembly create more than one Seed-Capital Fund for young, innovative businesses instead of just one.
### Plain-language summary
Georgia's constitution currently allows the General Assembly to set up a single Seed-Capital Fund, which provides loans and investments to small, young companies working in technology, manufacturing, or agriculture. The Advanced Technology Development Center at the University System of Georgia directs how that money is disbursed.
This resolution proposes a constitutional amendment changing the wording from 'a Seed-Capital Fund' to 'one or more Seed-Capital Funds,' allowing lawmakers to create multiple such funds by ordinary law instead of being limited to one. Money paid back into the fund or funds from loan repayments, dividends, or royalties would go back in for further investment, and any money the state puts into these funds would not be subject to Georgia's normal rule that unspent appropriated funds lapse at year end. Because this is a constitutional amendment, it must be approved by Georgia voters in a statewide referendum before taking effect.
### What it does
- Amends the Georgia Constitution to change 'a Seed-Capital Fund' to 'one or more Seed-Capital Funds,' letting lawmakers create multiple funds instead of one.
- Keeps the Advanced Technology Development Center of the University System of Georgia in charge of directing how the fund or funds disburse money.
- Preserves the exemption from Georgia's fund-lapsing rule (Article III, Section IX, Paragraph IV(c)) so unspent money in the fund or funds carries over.
- Requires the proposed amendment to be submitted to Georgia voters for ratification or rejection in a statewide vote.
### Who it affects
Small, young, entrepreneurial businesses in technology, manufacturing, or agriculture that seek equity or loan capital; the Advanced Technology Development Center, which directs fund disbursements; the University System of Georgia; and Georgia voters, who must approve the change at the ballot box.
### Why it matters
If voters approve, the state could split seed-capital investment money across several dedicated funds instead of pooling it in one, potentially allowing different funds for different industries or purposes. Day to day, this mainly affects how state officials structure funding for startup businesses, not individual Georgians directly.
### Key provisions
- Section 1 revises Article III, Section IX, Paragraph VI(g) of the Georgia Constitution, changing singular 'Fund' language to allow multiple 'Seed-Capital Funds.'
- Section 1 keeps the rule that returns on loans or investments (repayments, rents, dividends, royalties) go back into the applicable fund for further disbursement.
- Section 1 preserves the exemption from the constitutional lapsing-of-funds rule for money appropriated to the fund or funds.
- Section 2 sets the exact ballot language voters will see and requires the amendment to be published and submitted under Article X, Section I, Paragraph II of the Constitution.
## Status
- Status: Introduced (2025-01-13)
- Last action: House Second Readers (2025-01-15)
- Sponsors: Dar'shun Kendrick, Sandra Scott
- Official page: https://www.legis.ga.gov/legislation/69278
> The history, votes, and amendments (129 characters) are at https://georgiacommons.org/bills/2025-2026/hr6.md?full=1