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---
type: "Bill"
title: "Peace Officers' Annuity and Benefit Fund; the total percentage of funds that can be invested in alternative investments; raise the limit"
description: "A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the \"Public Retirement Systems Investment Authority Law,\" so as to raise the limit for the total percentage of funds that the Peace Officers' Annuity and Benefit Fund may invest in alternative investments; to provide for related matters; to repeal conflicting laws; and for other purposes."
jurisdiction: "us/states/ga"
legislature: "Georgia General Assembly"
session: "2023_24"
identifier: "SB 128"
citation: "Georgia SB 128 (2023_24)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Chuck Payne", "Colton Moore", "Jason Anavitarte", "John Albers", "Kay Kirkpatrick", "Larry Walker, III", "Marty Harbin", "Mike Dugan", "Randy Robertson", "Sam Watson"]
version_count: 4
action_count: 15
vote_count: 2
first_action: "2023-02-09"
last_action: "2023-07-01"
source: "openstates"
source_identifier: "ocd-bill/04e24f21-40a2-438f-b7c7-872064ec2c40"
source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
source_hash: "7814875cd5229105c5f52df7be66ba4f7f4fd736de325eeafb4a045ec4642f49"
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 128 (2023_24) — Peace Officers' Annuity and Benefit Fund; the total percentage of funds that can be invested in alternative investments; raise the limit
A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the "Public Retirement Systems Investment Authority Law," so as to raise the limit for the total percentage of funds that the Peace Officers' Annuity and Benefit Fund may invest in alternative investments; to provide for related matters; 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 43 2610** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/214169.pdf)
2. **As passed Senate** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/216326.pdf)
3. **SB 128 Auditor's Certification** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/214188.pdf)
4. **SB 128/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20232024/218190.pdf)
## Votes
- House Vote #238 - 2023-2024 Regular Session — **166–3** (pass) · lower
- Senate Vote #92 - 2023-2024 Regular Session — **49–3** (pass) · upper
## Sponsors
- Chuck Payne — primary (person)
- Colton Moore — primary (person)
- Jason Anavitarte — primary (person)
- John Albers — primary (person)
- Kay Kirkpatrick — primary (person)
- Larry Walker, III — primary (person)
- Marty Harbin — primary (person)
- Mike Dugan — primary (person)
- Randy Robertson — primary (person)
- Sam Watson — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2023-02-09** Senate Hopper `introduction`
- **2023-02-13** Senate Read and Referred `referral-committee`
- **2023-02-21** Senate Committee Favorably Reported `committee-passage-favorable`
- **2023-02-22** Senate Read Second Time `reading-2`
- **2023-02-28** Senate Third Read `reading-3`
- **2023-02-28** Senate Passed/Adopted `passage`
- **2023-03-01** House First Readers `reading-1`
- **2023-03-02** House Second Readers `reading-2`
- **2023-03-08** House Committee Favorably Reported `committee-passage-favorable`
- **2023-03-15** House Third Readers `reading-3`
- **2023-03-15** House Passed/Adopted `passage`
- **2023-04-05** Senate Sent to Governor `executive-receipt`
- **2023-05-01** Senate Date Signed by Governor `executive-signature`
- **2023-05-01** Act 85 `executive-signature`
- **2023-07-01** Effective Date
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/04e24f21-40a2-438f-b7c7-872064ec2c40`. Confidence: reported (aggregated from official Georgia legislature records).