---
title: HR 1755. House Study Committee on Alternative Investments for Local Governments; create
collection: bills
id: 2025-2026/hr1755
cite_as: HR 1755, 2025-2026 Regular Session (Ga.)
canonical_url: https://georgiacommons.org/bills/2025-2026/hr1755
md_url: https://georgiacommons.org/bills/2025-2026/hr1755.md
text_url: https://georgiacommons.org/bills/2025-2026/hr1755/text
source_url: https://www.legis.ga.gov/legislation/74210
date: 2026-03-25
status: introduced
corpus_version: bills-2026-09-13
license: Public record of the Georgia General Assembly, via LegiScan; see about.md
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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omitted: votes and history
omitted_chars: 185
omitted_url: https://georgiacommons.org/bills/2025-2026/hr1755.md?full=1
bill_number: HR 1755
session: 2025-2026 Regular Session
session_slug: 2025-2026
chamber: House
bill_type: resolution
status_date: 2026-03-18
last_action: House Committee Favorably Reported
sponsors:
  - Victor Anderson
  - Bruce Williamson
  - Johnny Chastain
  - Charles Cannon
  - Noel Williams
text_version: Introduced
has_text: true
legiscan_url: https://legiscan.com/GA/bill/HR1755/2025
upstream_id: 2135893
summaries_model: claude-sonnet-5
topic_tags:
  - local government finance
  - public funds investment
  - legislative study committees
  - government budgeting
---

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

## Text

House Resolution 1755
By: Representatives Anderson of the 10th, Williamson of the 112th, Chastain of the 7th,
Cannon of the 172nd, and Williams of the 148th
A RESOLUTION
Creating the House Study Committee on Alternative Investments for Local Governments;
and for other purposes.
WHEREAS, the public interest is served by maximum and prudent investment of idle public
funds so that the need for taxes and other public revenues is decreased commensurately with
the earnings on such investments; and
WHEREAS, securing maximum public benefit from the deposit and investment of public
funds may be achieved through a variety of sources; and
WHEREAS, maximum public benefit is best obtained through improved money management
and currently is being achieved through traditional local government investments, including,
but not limited to, obligations of this state, obligations issued by the United States
government, and obligations fully insured or guaranteed by the United States government or
a United States government agency; and
WHEREAS, the primary requirements of an investment in order to be considered by a local
government are safety and liquidity; and
WHEREAS, Code Section 36-83-8 of the Official Code of Georgia Annotated, relating to
local government investment pools, permits any pooled investment fund, in addition to the
local government investment pool, to be created for the collective investment of two or more
local governments for investment purposes; and
WHEREAS, since the creation of local government investment pools, new, alternative
investments have appeared that can secure maximum public benefit while maintaining safety
and liquidity; and
WHEREAS, such alternative investments should be identified for use in local investment
pools.
NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES:
(1) Creation of House study committee. There is created the House Study Committee
on Alternative Investments for Local Governments.
(2) Members and officers. The committee shall be composed of seven members of the
House of Representatives to be appointed by the Speaker of the House of
Representatives. The Speaker shall designate a member of the committee as chairperson
of the committee.
(3) Powers and duties. 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.
(4) Meetings. The chairperson shall call all meetings of the committee. The committee
may conduct such meetings at such places and at such times as it may deem necessary or
convenient to enable it to exercise fully and effectively its powers, perform its duties, and
accomplish the objectives and purposes of this resolution.
(5) Allowances and funding. The legislative members of the committee shall receive
the allowances provided for in Code Section 28-1-8 of the Official Code of Georgia
Annotated. The allowances authorized by this resolution shall not be received by any
member of the committee for more than five days unless additional days are authorized.
Funds necessary to carry out the provisions of this resolution shall come from funds
appropriated to the House of Representatives.
(6) Report.
(A) In the event the committee adopts any specific findings or recommendations that
include suggestions for proposed legislation, the chairperson shall file a report of the
same prior to the date of abolishment specified in this resolution, subject to
subparagraph (C) of this paragraph.
(B) In the event the committee adopts a report that does not include suggestions for
proposed legislation, the chairperson shall file the report subject to subparagraph (C)
of this paragraph.
(C) No report shall be filed unless the same has been approved prior to the date of
abolishment specified in this resolution by majority vote of a quorum of the committee.
A report so approved shall be signed by the chairperson of the committee and filed with
the Clerk of the House of Representatives.
(D) In the absence of an approved report, the chairperson may file with the Clerk of the
House of Representatives a copy of the minutes of the meetings of the committee in lieu
thereof.
(7) Abolishment. The committee shall stand abolished on December 1, 2026.

## Summaries written by Georgia Commons

The following was written by claude-sonnet-5 from the text above and is not part of the resolution. Quote the text, not the summary.

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.

### Plain-language summary

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 it 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.

## Status

- Status: Introduced (2026-03-18)
- Last action: House Committee Favorably Reported (2026-03-25)
- Sponsors: Victor Anderson, Bruce Williamson, Johnny Chastain, Charles Cannon, Noel Williams
- Official page: https://www.legis.ga.gov/legislation/74210

> The history, votes, and amendments (185 characters) are at https://georgiacommons.org/bills/2025-2026/hr1755.md?full=1