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GeorgiaSB 2842025-2026 Regular SessionSenateWALLET

"Georgia Uniform Securities Act of 2008,"; issuance of orders by the Commissioner of Securities directing persons who have violated certain securities provisions to return; authorize

Sponsored By: Matt Brass (Republican), Clint Dixon (Republican), Sonya Halpern (Democrat), Harold Jones II (Democrat), John F. Kennedy (Republican), Kay Kirkpatrick (Republican), Brian Strickland (Republican), Carden Summers (Republican), Larry Walker (Republican)

Signed by Governor

Governmental AffairsInsurance and LaborGeneral Bill

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

New refund protections for Georgia investors

Georgia’s securities commissioner can order refunds for violations of Code Sections 10-5-50, 10-5-51, or 10-5-54. This covers people who commit or materially help those violations. Refunds include the principal paid for securities purchases and all money collected in connection with those purchases. The commissioner can also order violations to stop and deny, suspend, revoke, or limit broker-dealer and investment-adviser exemptions. Orders take effect when served, and recipients must receive notice of their right to request a hearing within 30 days. An order becomes final automatically if no hearing is requested or ordered within that period. Hearings follow Georgia’s Administrative Procedure Act, protect due process, and require final orders to state factual findings and legal conclusions. Final orders can impose penalties up to $50,000 for one violation or $500,000 for multiple violations, plus actual investigation or proceeding costs. If the deadline to seek court review passes, the commissioner can file a certified order in court for enforcement as a judgment. For noncompliance, courts can enforce orders without a bond and impose civil contempt penalties of $5,000–$50,000 per violation, plus other appropriate relief.

Simpler roof contracts for public agencies

For contracts entered into on or after the law’s effective date, existing-roof improvements are excluded from public works construction. Extra items placed on the roof are not covered by that exclusion. Notice and competitive award requirements count as satisfied when agencies select an approved, state-authorized supplier. That supplier must have approval from a cooperative purchasing organization and authorization from Georgia’s Department of Administrative Services.

Roof grants for eligible Georgia schools

Georgia school systems that qualify under Code Section 20-2-262(d) receive low-wealth capital grants to improve existing roofs. The work must appear in the system’s most recently approved local facilities plan. The supplier must be approved by a cooperative purchasing organization and authorized by Georgia’s Department of Administrative Services. The provided text does not specify grant amounts.

Sponsors & Cosponsors

Sponsors

  • Matt Brass

    Republican • Senate

  • Clint Dixon

    Republican • Senate

  • Sonya Halpern

    Democrat • Senate

  • Harold Jones II

    Democrat • Senate

  • John F. Kennedy

    Republican • Senate

  • Kay Kirkpatrick

    Republican • Senate

  • Brian Strickland

    Republican • Senate

  • Carden Summers

    Republican • Senate

  • Larry Walker

    Republican • Senate

Cosponsors

  • Scott Hilton

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 253 • No: 1

Senate vote • 3/27/2026

AGREE TO HOUSE SUBSTITUTE

Yes: 44 • No: 0 • Other: 6

House vote • 3/20/2026

PASSAGE

Yes: 155 • No: 0 • Other: 13

Senate vote • 3/6/2025

PASSAGE

Yes: 54 • No: 1

Actions Timeline

  1. Senate Date Signed by Governor

    4/22/2026Senate

  2. Act 377

    4/22/2026

  3. Effective Date

    4/22/2026

  4. Senate Sent to Governor

    4/10/2026Senate

  5. Senate Agreed House Amend or Sub

    3/27/2026Senate

  6. House Third Readers

    3/20/2026House

  7. House Passed/Adopted By Substitute

    3/20/2026House

  8. House Committee Favorably Reported By Substitute

    3/19/2026House

  9. House Withdrawn, Recommitted

    4/4/2025House

  10. House Committee Favorably Reported

    3/20/2025House

  11. House Second Readers

    3/11/2025House

  12. House First Readers

    3/10/2025House

  13. Senate Tabled

    3/6/2025Senate

  14. Senate Taken from Table

    3/6/2025Senate

  15. Senate Third Read

    3/6/2025Senate

  16. Senate Passed/Adopted

    3/6/2025Senate

  17. Senate Read Second Time

    3/4/2025Senate

  18. Senate Committee Favorably Reported

    3/3/2025Senate

  19. Senate Withdrawn & Recommitted

    2/28/2025Senate

  20. Senate Read and Referred

    2/27/2025Senate

  21. Senate Hopper

    2/26/2025Senate

Bill Text

  • SB 284/AP* (v7)

    PDF

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