HR1755: HR1755 House Study Committee on Alternative Investments for Local Governments; create

Georgia law already lets local governments pool their money together for investment through local government investment pools, with a focus on safe and easily accessible options like state and federal government obligations. This resolution says new, alternative investment options have emerged since those pools were created that might offer better public benefit while still being safe and liquid. The resolution creates the House Study Committee on Alternative Investments for Local Governments, made up of seven House members appointed by the Speaker, who also names the chairperson. The committee would study these alternative investment options and can recommend legislation. Members get standard legislative allowances for up to five meeting days, paid from House funds. The committee must file a report, if one is approved, before it is abolished on December 1, 2026.

• Creates the House Study Committee on Alternative Investments for Local Governments to examine new investment options for local governments.
• Directs the Speaker of the House to appoint seven House members to the committee and designate one as chairperson.
• Authorizes the committee to hold meetings and study alternative investments, then recommend legislation if it chooses.
• Allows committee members to receive standard legislative daily allowances (O.C.G.A. § 28-1-8) for up to five meeting days, paid from House funds.
• Sets December 1, 2026 as the date the committee is automatically abolished.

This mainly affects members of the Georgia House of Representatives appointed to the committee, and indirectly local governments and local government investment pools that might eventually be affected by any legislation the committee recommends.

If the committee identifies new investment options, local governments could eventually gain more ways to earn money on idle public funds, potentially reducing pressure on taxes. For now, the resolution only sets up a study process, not any actual change to investment rules.

• Paragraph (1) formally creates the House Study Committee on Alternative Investments for Local Governments.
• Paragraph (2) sets committee membership at seven House members appointed by the Speaker, who also names the chairperson.
• Paragraph (3) directs the committee to study alternative investment issues and recommend action or legislation as it sees fit.
• Paragraph (4) lets the chairperson call meetings at any time or place needed to carry out the committee's work.
• Paragraph (5) provides legislative allowances under O.C.G.A. § 28-1-8 for up to five days, funded from House appropriations.
• Paragraph (6) lays out the process for filing a committee report or, absent a report, meeting minutes with the Clerk of the House.
• 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 fund investments
• legislative study committee
• government investment pools