Rule 110-3-4-.05 - Minimum Educational Standards for Regional Industrial Development Authorities(1)Applicability. Basic economic development training courses for Regional Industrial Development Authority Board members requiring certification by the Department as meeting minimum educational standards shall be subject to this rule.(2)Standards. Courses shall at a minimum have a component on each of the following topics: (a)Financing. Economic development project financing mechanisms such as bond financing, incentives, tax allocation districts or grants.(b)Authority Structure. Requirements for authority board membership, ethics and conflicts of interest, or legal structure of authorities.(c)Project Development. Best practices for project development such as writing memorandum of understandings, strategic planning, or fiscal impact analysis.(3)Modifications. The Department may amend the minimum educational standards as it deems necessary to accommodate changing needs or expectations or amendments to governing statutes.(4)Providers. The Department will establish a process for interested parties to request certification of their course offerings pursuant to these minimum educational standards. Courses certified by the Department as meeting the minimum educational standards prescribed by this rule will be subject to periodic recertification and other conditions established by the Department.Ga. Comp. R. & Regs. R. 110-3-4-.05
O.C.G.A. § 36-62-5.2.
Original Rule entitled "Minimum Educational Standards for Regional Industrial Development Authorities" adopted. F. Nov. 28, 2022; eff. Dec. 18, 2022.