Fabio
99 lines
5.6 KiB
Markdown
99 lines
5.6 KiB
Markdown
---
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type: "Bill"
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title: "Retirement; total percentage of funds that the Employees' Retirement System of Georgia may invest in alternative investments; raise the limit"
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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 Employees' Retirement System of Georgia may invest in alternative investments; to provide for related matters; to repeal conflicting laws; and for other purposes."
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jurisdiction: "us/states/ga"
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legislature: "Georgia General Assembly"
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session: "2025_26"
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identifier: "SB 23"
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citation: "Georgia SB 23 (2025_26)"
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classification: ["bill"]
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subjects: ["RETIREMENT AND PENSIONS"]
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status: "enacted"
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primary_sponsors: ["Blake Tillery", "Bo Hatchett", "Brian Strickland", "Greg Dolezal", "John Albers", "Larry Walker, III", "Matt Brass", "Mike Hodges", "Randy Robertson", "Sam Watson", "Shawn Still"]
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version_count: 10
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action_count: 21
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vote_count: 3
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first_action: "2025-01-17"
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last_action: "2026-05-12"
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source: "openstates"
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source_identifier: "ocd-bill/932e1926-979e-46bb-8f71-7fc1e1b70ffc"
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source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
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source_hash: "69062a0e7367ad0054222686280821c2d3f832492045d0291cabeb04337721a1"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ga"]
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---
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# Georgia SB 23 (2025_26) — Retirement; total percentage of funds that the Employees' Retirement System of Georgia may invest in alternative investments; raise the limit
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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 Employees' Retirement System of Georgia may invest in alternative investments; to provide for related matters; to repeal conflicting laws; and for other purposes.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **As Introduced LC 56 0244** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/230193.pdf)
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2. **As passed Senate** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/231751.pdf)
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3. **Auditor's Certification LC 56 0399S** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/237301.pdf)
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4. **Auditor's Certification LC 56 0676S** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/246268.pdf)
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5. **Auditor's Certification LC 56 0712S** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/248564.pdf)
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6. **LC 56 0244 Auditor's Certification** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/230201.pdf)
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7. **LC 56 0399S/hss** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/237299.pdf)
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8. **LC 56 0676S/hss** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/246267.pdf)
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9. **LC 56 0712S/hrcs** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/248562.pdf)
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10. **SB 23/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20252026/249073.pdf)
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## Votes
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- House Vote #823 - 2025-2026 Regular Session — **166–0** (pass) · lower
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- Senate Vote #29 - 2025-2026 Regular Session — **47–8** (pass) · upper
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- Senate Vote #960 - 2025-2026 Regular Session — **49–1** (pass) · upper
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## Sponsors
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- Blake Tillery — primary (person)
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- Bo Hatchett — primary (person)
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- Brian Strickland — primary (person)
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- Greg Dolezal — primary (person)
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- John Albers — primary (person)
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- Larry Walker, III — primary (person)
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- Matt Brass — primary (person)
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- Mike Hodges — primary (person)
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- Randy Robertson — primary (person)
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- Sam Watson — primary (person)
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- Shawn Still — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-01-17** Senate Hopper `introduction`
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- **2025-01-27** Senate Read and Referred `referral-committee`
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- **2025-02-05** Senate Committee Favorably Reported `committee-passage-favorable`
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- **2025-02-06** Senate Read Second Time `reading-2`
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- **2025-02-10** Senate Third Read `reading-3`
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- **2025-02-10** Senate Passed/Adopted `passage`
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- **2025-02-11** House First Readers `reading-1`
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- **2025-02-12** House Second Readers `reading-2`
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- **2025-03-25** House Committee Favorably Reported By Substitute `committee-passage-favorable`
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- **2025-04-04** House Withdrawn, Recommitted `referral-committee, withdrawal`
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- **2026-03-18** House Committee Favorably Reported By Substitute `committee-passage-favorable`
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- **2026-03-20** House Withdrawn, Recommitted `referral-committee, withdrawal`
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- **2026-03-23** House Postponed
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- **2026-03-25** House Postponed
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- **2026-03-27** House Withdrawn, Recommitted `referral-committee, withdrawal`
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- **2026-03-31** House Third Readers `reading-3`
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- **2026-03-31** House Passed/Adopted By Substitute `passage`
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- **2026-04-02** Senate Agreed House Amend or Sub
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- **2026-04-10** Senate Sent to Governor `executive-receipt`
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- **2026-05-12** Senate Date Signed by Governor `executive-signature`
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- **2026-05-12** Veto V8 `executive-veto`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/932e1926-979e-46bb-8f71-7fc1e1b70ffc`. Confidence: reported (aggregated from official Georgia legislature records).
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