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GA SB441

Bill

Official Source

Status

Engrossed

2/26/2026

Primary Sponsor

Marty Harbin

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Pooled investments involving two or more local governments must obtain approval from the State Depository Board before being established

  • Investment pools created under Code Section 36-83-6 are exempt from the new approval requirement

  • The existing local government investment pool (aggregate funds placed in state custody for investment) remains unchanged

  • Effective date is July 1, 2026, applying only to pooled investments made on or after that date

Legislative Description

Local Government Investment Pool; certain pooled investments to be approved by the State Depository Board; require

Last Action

House Committee Favorably Reported

3/16/2026

Committee Referrals

Budget and Fiscal Affairs Oversight3/3/2026
Banking and Financial Institutions2/2/2026

Full Bill Text

No bill text available