Six members of the Georgia House of Representatives have introduced a bill that would create a $200 million venture capital fund. The bill would create a state authority to make investments in Georgia-based start-up, early-stage or growth-stage technology companies, and would use funds from auctioning insurance premium tax credits.

The proposed fund is aimed at improving Georgia’s ability to compete with states and regional VC leaders, such as Virginia and North Carolina, in attracting and retaining technology jobs.

Read more about the new bill here.