THE STATE OF GEORGIA

EXECUTIVE ORDER

BY THE GOVERNOR:

WHEREAS:

WHEREAS:

WHEREAS:

WHEREAS:

WHEREAS:

WHEREAS:

WHEREAS:

The State of Georgia is committed to helping small
businesses expand and create jobs; and

Georgia businesses need access to credit and capital in order
to grow and hire new employees; and

The federal State Small Business Credit Initiative (SSBCI)
was created by Congress pursuant to HR 5297 and was
signed into law by the President on September 27, 2010; and

Georgia received an SSBCI allocation of $47,808,507 to help
private lenders provide new credit for small businesses and
entrepreneurs through state—leVel programs; and

SSBCI requires that states designate a particular agency or
department to implement the state’s SSBCI-eligible
programs and that all such agencies or departments be
legally enabled to implement and participate in SSBCI; and

The Georgia Department of Community Affairs (DCA)
through the Georgia Housing and Finance Authority (GHFA)
has experience developing and managing state and federal
economic development programs; and

GHFA has the statutory powers to receive SSBCI funds and
to engage in lending, indirect credit enhancement for
enterprises through financial institutions and other
economic activities (see O.C.G.A. § 50-26-18).

Now, THEREFORE, PURSUANT TO THE AUTHORITY VESTED
IN ME AS GOVERNOR OF THE STATE OF GEORGIA, IT IS
HEREBY