Georgia CommonsHR 1755: House Study Committee on Alternative Investments for Local Governments; create
Introduced version, the latest LegiScan holds · Last action March 25, 2026 · Introduced
The text as LegiScan holds it, read from the PDF the legislature publishes with its margin line numbers, running heads, and page footers removed. Line breaks are joined into paragraphs here; no word is changed.
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.