Rule 110-34-1-.07. Annual Requirements

Rule 110-34-1-.07. Annual Requirements

1. (1) On an annual basis on or by January 31st and in a format to be provided by the Department of Community Affairs, the local government shall report on the Rural Zone's activity for the most recent year:

   1. (a) A narrative description of steps the local government has taken to facilitate business development within the Rural Zone within the prior year.
   2. (b) Private activities that have spurred revitalization efforts within the zone.
   3. (c) Other information as required by the Department of Community Affairs.
2. (2) Certified entities and certified investors shall report to the Department of Revenue annually on forms and at times as directed by the agency.
3. (3) The Commissioners for the Department of Revenue and the Department of Community Affairs shall have the authority to require reports and promulgate regulations as needed in order to perform their duties under O.C.G.A. § 48-7-40.32.
4. (4) A local government's failure to provide annual reports to the Department of Community Affairs shall result in the local government being ineligible for any funding administered by the Department of Community Affairs until such time that the jurisdiction is current with the filing of all Rural Zone's annual reports.

5. (5) During the period of designation, each local government with a designated Rural Zone shall participate in annual training by the Department of Community Affairs to assist in the revitalization within the community. This training may be in the form of in-person meetings, webinars, or other methods implemented by the department. Failure to participate in annual trainings shall result in the local government being ineligible for any funding administered by the department until such time that the jurisdiction completes required training.

   O.C.G.A. § 48-7-40.32 shall stand automatically repealed and reserved on December 31, 2032.

Authority: O.C.G.A. § 48-7-40.32.

History. Original Rule entitled "Annual Requirements" adopted. F. August 23, 2017; eff. September 12, 2017, as specified by the Agency.

Amended: F. Oct. 16, 2024; eff. Nov. 5, 2024.