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republic-os/legislation/us/states/ga/2019-20/sb-294.md
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---
type: "Bill"
title: "Teachers Retirement System of Georgia; invest in alternative investments; permit"
description: "A BILL to be entitled an Act to amend Code Section 47-20-87 of the Official Code of Georgia Annotated, relating to eligible large retirement systems authorized to invest in certain alternative investments, so as to permit the Teachers Retirement System of Georgia to 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: "2019_20"
identifier: "SB 294"
citation: "Georgia SB 294 (2019_20)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Chuck Hufstetler", "Ellis Black", "Frank Ginn", "Randy Robertson"]
version_count: 4
action_count: 17
vote_count: 1
first_action: "2020-01-14"
last_action: "2021-01-01"
source: "openstates"
source_identifier: "ocd-bill/67dce379-ecc5-4752-b044-5514c3697b2f"
source_url: "http://webservices.legis.ga.gov/GGAServices/Legislation/Service.svc?wsdl"
source_hash: "ba5a275c54b0d6e50ac52aa24532b163074d4c05182d16409c59983164c70a49"
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 294 (2019_20) — Teachers Retirement System of Georgia; invest in alternative investments; permit
A BILL to be entitled an Act to amend Code Section 47-20-87 of the Official Code of Georgia Annotated, relating to eligible large retirement systems authorized to invest in certain alternative investments, so as to permit the Teachers Retirement System of Georgia to 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 1465** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/187904.pdf)
2. **As passed Senate** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/191004.pdf)
3. **SB294 auditor certification** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/187912.pdf)
4. **SB294/AP*** (committee substitute) — [source](http://www.legis.ga.gov/Legislation/20192020/194465.pdf)
## Votes
- PASSAGE — **3419** (pass) · upper
## Sponsors
- Chuck Hufstetler — primary (person)
- Ellis Black — primary (person)
- Frank Ginn — primary (person)
- Randy Robertson — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2020-01-14** Senate Hopper
- **2020-01-15** Senate Read and Referred `referral-committee`
- **2020-02-20** Senate Committee Favorably Reported `committee-passage-favorable`
- **2020-02-21** Senate Read Second Time `reading-2`
- **2020-02-25** Senate Third Read `reading-3`
- **2020-02-25** Senate Passed/Adopted `passage`
- **2020-02-26** House First Readers `reading-1`
- **2020-02-27** House Second Readers `reading-2`
- **2020-06-16** House Committee Favorably Reported `committee-passage-favorable`
- **2020-06-19** House Postponed
- **2020-06-20** House Postponed
- **2020-06-22** House Third Readers `reading-3`
- **2020-06-22** House Passed/Adopted `passage`
- **2020-06-29** Senate Sent to Governor `executive-receipt`
- **2020-07-29** Senate Date Signed by Governor `executive-signature`
- **2020-07-29** Act 522 `executive-signature`
- **2021-01-01** Effective Date
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/67dce379-ecc5-4752-b044-5514c3697b2f`. Confidence: reported (aggregated from official Georgia legislature records).