New bill affects EMC communities

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New bill affects EMC communities

Business
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House Bill 431, sponsored by Reps. Willie Talton, Larry O'Neal, Jerry Keen, Mark Burkhalter, Vance Smith and others, allows EMCs to retain unclaimed capital credits for the sole purposes of funding education, economic development and 501(c)(3) charitable organizations in the EMC service area.

"This is a good day for Georgia communities," said Michael Whiteside, President & CEO of Coweta-Fayette EMC.�"Over the past 20 years $1million annually in excess margins has been returned

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