GeorgiaBoard approval would be required for many shared local investment pools
From July 1, 2026, pools investing money for two or more local governments would need board approval before starting, with an exception for certain pools.
What it does
Pools that invest money for two or more local governments would need approval from the State Depository Board before they start, except pools created under a specified code section.
Argument forBoard review before a shared pool starts could give local governments a chance to check how their money will be invested.
Argument againstThe approval step could delay new shared investment pools for local governments, except pools created under the cited code section.
More detail
The State Depository Board must approve covered shared investment pools before they are established. This applies to investment pools, beyond the local government investment pool described in the law, that collectively invest money for two or more local governments. Pools created under Code Section 36-83-6 do not need this approval. This applies to pooled investments made on or after July 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 1Effective DateLatest
- May 11Act 511Major
- May 11Senate Date Signed by Governor Brian KempBecame Law
- Apr 10Senate Sent to GovernorTo Governor
- Mar 23House Passed/AdoptedPassed House
- Vote recorded House Vote #744 - 2025-2026 Regular Session. Result: pass.Lower
- Vote recorded House Vote #744 - 2025-2026 Regular Session. Result: pass.Lower
- Mar 23House Third ReadersMinor
- Mar 16House Committee Favorably ReportedMinor
- Mar 4House Second ReadersMinor
- Mar 3House First ReadersMinor
- Feb 26Senate Passed/AdoptedPassed Senate
- Vote recorded Senate Vote #592 - 2025-2026 Regular Session. Result: pass.Upper
- Vote recorded Senate Vote #592 - 2025-2026 Regular Session. Result: pass.Upper
- Feb 26Senate Third ReadMinor
- Feb 24Senate Read Second TimeMinor
- Feb 20Senate Committee Favorably ReportedMinor
- Feb 2Senate Read and ReferredMinor
- Jan 29Senate HopperIntroduced
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