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---
type: "Bill"
title: "Public Funds; when funds shall be considered to held by a depository; specify; State Depository Board certain policies and procedures related to deposit placement programs; establish"
description: "A BILL to be entitled an Act to amend Chapter 8 of Title 45 of the Official Code of Georgia Annotated, relating to accounting for public funds, so as to specify when funds shall be considered to be held by a depository; to require the State Depository Board to establish certain policies and procedures related to deposit placement programs; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes."
jurisdiction: "us/states/ga"
legislature: "Georgia General Assembly"
session: "2019_20"
identifier: "SB 157"
citation: "Georgia SB 157 (2019_20)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bill Cowsert", "Burt Jones", "Butch Miller", "Jack Hill", "Jeff Mullis", "Jesse Stone", "John Kennedy", "Mike Dugan", "William Ligon, Jr."]
version_count: 3
action_count: 15
vote_count: 1
first_action: "2019-02-21"
last_action: "2019-05-02"
source: "openstates"
source_identifier: "ocd-bill/1ca86ff0-d733-457a-90ef-f127a680a51b"
source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
source_hash: "c952c963e9913600c32156d95cecefed0c67a7589e95b7b89416edd8c2d1f282"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ga"]
---
# Georgia SB 157 (2019_20) — Public Funds; when funds shall be considered to held by a depository; specify; State Depository Board certain policies and procedures related to deposit placement programs; establish
A BILL to be entitled an Act to amend Chapter 8 of Title 45 of the Official Code of Georgia Annotated, relating to accounting for public funds, so as to specify when funds shall be considered to be held by a depository; to require the State Depository Board to establish certain policies and procedures related to deposit placement programs; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **As Introduced LC 36 3831** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/182390.pdf)
2. **As passed Senate** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/183619.pdf)
3. **SB 157/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/186233.pdf)
## Votes
- PASSAGE — **550** (pass) · upper
## Sponsors
- Bill Cowsert — primary (person)
- Burt Jones — primary (person)
- Butch Miller — primary (person)
- Jack Hill — primary (person)
- Jeff Mullis — primary (person)
- Jesse Stone — primary (person)
- John Kennedy — primary (person)
- Mike Dugan — primary (person)
- William Ligon, Jr. — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2019-02-21** Senate Hopper
- **2019-02-22** Senate Read and Referred `referral-committee`
- **2019-02-27** Senate Committee Favorably Reported `committee-passage-favorable`
- **2019-02-28** Senate Read Second Time `reading-2`
- **2019-03-04** Senate Third Read `reading-3`
- **2019-03-04** Senate Passed/Adopted `passage`
- **2019-03-05** House First Readers `reading-1`
- **2019-03-07** House Second Readers `reading-2`
- **2019-03-21** House Committee Favorably Reported `committee-passage-favorable`
- **2019-03-26** House Third Readers `reading-3`
- **2019-03-26** House Passed/Adopted `passage`
- **2019-04-05** Senate Sent to Governor `executive-receipt`
- **2019-05-02** Senate Date Signed by Governor `executive-signature`
- **2019-05-02** Act 137 `executive-signature`
- **2019-05-02** Effective Date
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1ca86ff0-d733-457a-90ef-f127a680a51b`. Confidence: reported (aggregated from official Georgia legislature records).