(The Center Square) — Georgia Gov. Brian Kemp instructed the state treasurer to buy $10 million in bonds from Israel.
In a Friday news release, the governor said the move shows the state’s support of the country — and its defense efforts — following Hamas’ terrorist attacks on Oct. 7 and ensuing fighting.
According to the release, $10 million was the highest available on the market, bringing to $25 million Georgia’s current investment in Israel via bonds. Since Kemp took office in 2019, Georgia has purchased an aggregate of $50 million in bonds, with half of the bonds now matured, the governor’s office said.
“Israel is one of Georgia’s strongest allies and greatest friends, and our support for its people as they endure horrific attacks from terrorists is unwavering,” Kemp, a Republican, said in an announcement.
“Purchasing these bonds is just the latest expression of that support,” the governor, who traveled to Israel in May for an economic development trip, added. “Though this conflict was not of Israel’s choosing, we know they will be victorious in this fight against evil and those who seek its destruction.”
Multiple public policy groups and the Democratic Party of Georgia did not respond to requests about the bond purchases and what it means for taxpayers.