Current through 2023-2024 Legislative Session Chapter 709
Section 50-1-13 - Prohibition on governmental agencies from using central bank digital currency(a) As used in this Code section, the term: (1) "Central bank digital currency" means a digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the Federal Reserve System, a federal reserve bank, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system:(A) That is made directly available to a consumer by such entities;(B) That is made available to a consumer by such entities indirectly via a contract with a third party or otherwise; or(C) That is processed or validated directly by such entities.(2) "Governmental agency" means any board, commission, department, authority, other agency, or political subdivision of the state.(b) No governmental agency shall accept a payment using central bank digital currency.(c) No governmental agency shall participate in any test of central bank digital currency.Added by 2024 Ga. Laws 593,§ 2, eff. 7/1/2024.Pursuant to Code Section 28-9-5, in 2024, Code Section 50-1-12, as enacted by Ga. L. 2024, p. 782, § 2/HB 1053, was redesignated as Code Section 50-1-13.