Georgia CommonsHouse · Introduced · 2025-2026 Regular Session
HR 1755: House Study Committee on Alternative Investments for Local Governments; create
Last action March 25, 2026 · House Committee Favorably Reported
A Georgia House resolution would create a study committee to examine new types of investments local governments could use for public funds, with a report due by December 2026.
The summaries below were written by an AI model (claude-sonnet-5) from the text of the resolution and are not part of it. Quote the text, not the summary. The stored text is the Introduced version, the latest the General Assembly's website lists.
In plain language
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.
What the bill does
- 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.
Who it affects
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.
Why it matters
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.
Key provisions
- 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.
From the bill
“such alternative investments should be identified for use in local investment pools.”
“The committee shall undertake a study of the conditions, needs, issues, and problems mentioned above or related thereto and recommend any action or legislation which the committee deems necessary or appropriate.”
Discussed in meetings (5)
The House and Senate meetings that took this bill up, from their machine transcripts. Each account was written by Georgia Commons with AI and is not part of the record; the video is what was said.
House Special Rules Committee, March 23, 2026 (part 1)
From 0:13:09 · Watch on the General Assembly's Vimeo channel
Summary by Georgia Commons: The sponsor said HR 1755 would create a study committee to examine additional investment options for cities, counties and school systems. The sponsor described the proposed options as narrowly regulated and low-risk, with liquidity comparable to existing options but potentially higher returns. The sponsor argued that better returns on government reserves could reduce the amount needed from taxpayers. The sponsor said earlier legislation had encountered pushback that had not been fully resolved, prompting the study proposal. Asked whether these investments were already permitted anywhere in Georgia, the sponsor said current law did not allow them and that the study would examine the issue carefully. The committee approved the resolution by voice vote and sent it to Rules.
House Rules Committee, April 2, 2026
From 0:24:34 · Watch on the General Assembly's Vimeo channel
Summary by Georgia Commons: The sponsor requested consideration of HR 1755, saying it would create a study committee to examine alternative investment options for local governments. No questions or further action were shown.
Status timeline
- House Committee Favorably Reported (House)
- House Second Readers (House)
- House First Readers (House)
- House Hopper (House)
Sponsors
- Victor Anderson (R, HD-10)
- Bruce Williamson (R, HD-112)
- Johnny Chastain (R, HD-7)
- Chas Cannon (R, HD-172)
- Noel Williams, Jr. (R, HD-148)
Topics
- local government finance
- public funds investment
- legislative study committees
- government budgeting