HR 1755: House Study Committee on Alternative Investments for Local Governments; create

Georgia law currently lets local governments invest idle public funds through traditional options like state and federal government obligations, and it allows local governments to pool their money together for collective investment under O.C.G.A. § 36-83-8. This resolution does not change those investment rules directly. Instead, it creates the House Study Committee on Alternative Investments for Local Governments, made up of seven House members chosen by the Speaker, to look into newer investment options that might offer local governments strong returns while still keeping their money safe and accessible. The committee would hold meetings called by its chairperson, study the issue, and could recommend legislation. Members would receive standard legislative allowances for up to five days of meetings unless more are approved, funded through the House's existing budget. The committee must file any approved findings or recommendations before it is automatically abolished on December 1, 2026.

• Creates a seven-member House Study Committee on Alternative Investments for Local Governments, with members and a chairperson appointed by the Speaker of the House.
• Directs the committee to study new, alternative investment options local governments could use beyond traditional choices like government bonds.
• Allows the committee to recommend legislation or other action based on its findings.
• Sets meeting rules, letting the chairperson call meetings at times and places needed to do the committee's work.
• Caps paid allowances for legislative members at five meeting days unless additional days are specifically authorized.
• Abolishes the committee automatically on December 1, 2026, after any final report is filed with the Clerk of the House.

This resolution directly affects the seven House members who would serve on the study committee. Indirectly, it concerns local governments and local government investment pools across Georgia, since the committee's work could shape future legislation on how public funds are invested.

No investment rules change immediately. The practical effect is a formal House process to research whether local governments should get new investment tools beyond current options, which could lead to future legislation affecting how cities and counties manage taxpayer funds.

• Paragraph (1) creates the House Study Committee on Alternative Investments for Local Governments.
• Paragraph (2) sets the committee at seven House members appointed by the Speaker, who also names the chairperson.
• Paragraph (3) charges the committee with studying alternative investment options and recommending action or legislation.
• Paragraph (5) sets member allowances under O.C.G.A. § 28-1-8, capped at five days of meetings unless more are authorized, funded from the House's existing appropriations.
• Paragraph (6) requires any approved findings or recommendations to be filed as a report with the Clerk of the House before the committee is abolished.
• Paragraph (7) abolishes the committee on December 1, 2026.

1. 2026-03-25House Committee Favorably Reported (House)
2. 2026-03-20House Second Readers (House)
3. 2026-03-19House First Readers (House)
4. 2026-03-18House Hopper (House)

• Victor Anderson (R, HD-010)Primary sponsor
• Bruce Williamson (R, HD-112)
• Johnny Chastain (R, HD-007)
• Charles Cannon (R, HD-172)
• Noel Williams (R, HD-148)

• local government finance
• public funds investment
• legislative study committees
• government budgeting