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GA SB294

Bill

Official Source

Status

Passed

7/29/2020

Primary Sponsor

Ellis Black

Click for details

Origin

Senate

2019-2020 Regular Session

AI Summary

  • Removes the exclusion of the Teachers Retirement System of Georgia from the definition of "eligible large retirement system" under Code Section 47-20-87, thereby permitting it to invest in alternative investments
  • Amends paragraph (2) of subsection (a) of Code Section 47-20-87 by striking the provision that previously barred the Teachers Retirement System from qualifying as an eligible large retirement system
  • Sponsored by Senators Black (8th), Hufstetler (52nd), Ginn (47th), and Robertson (29th) and passed by the Georgia General Assembly in the 2020 legislative session

Legislative Description

Teachers Retirement System of Georgia; invest in alternative investments; permit

Last Action

Effective Date

1/1/2021

Full Bill Text

No bill text available