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GeorgiaSB 4412025-2026 Regular SessionSenate

Local Government Investment Pool; certain pooled investments to be approved by the State Depository Board; require

Sponsored By: John Albers (Republican), Max Burns (Republican), Jason T. Dickerson (Republican), Marty Harbin (Republican), Chuck Hufstetler (Republican), Rick Williams (Republican)

Signed by Governor

Budget and Fiscal Affairs OversightBanking and Financial InstitutionsGeneral Bill

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Local government investment pools need state approval

Beginning July 1, 2026, the law applies to pooled investments made on or after that date. Pools investing money for two or more local governments need State Depository Board approval before being established. The existing state local government investment pool and pools created under Code Section 36-83-6 are exempt. The state pool combines local government funds and funds from other public bodies accepted by the board. These funds are held by the state for investment and reinvestment.

Sponsors & Cosponsors

Sponsors

  • John Albers

    Republican • Senate

  • Max Burns

    Republican • Senate

  • Jason T. Dickerson

    Republican • Senate

  • Marty Harbin

    Republican • Senate

  • Chuck Hufstetler

    Republican • Senate

  • Rick Williams

    Republican • Senate

Cosponsors

  • Johnny Chastain

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 216 • No: 0

House vote • 3/23/2026

PASSAGE

Yes: 167 • No: 0 • Other: 5

Senate vote • 2/26/2026

PASSAGE

Yes: 49 • No: 0 • Other: 3

Actions Timeline

  1. Effective Date

    7/1/2026

  2. Senate Date Signed by Governor

    5/11/2026Senate

  3. Act 511

    5/11/2026

  4. Senate Sent to Governor

    4/10/2026Senate

  5. House Third Readers

    3/23/2026House

  6. House Passed/Adopted

    3/23/2026House

  7. House Committee Favorably Reported

    3/16/2026House

  8. House Second Readers

    3/4/2026House

  9. House First Readers

    3/3/2026House

  10. Senate Third Read

    2/26/2026Senate

  11. Senate Passed/Adopted

    2/26/2026Senate

  12. Senate Read Second Time

    2/24/2026Senate

  13. Senate Committee Favorably Reported

    2/20/2026Senate

  14. Senate Read and Referred

    2/2/2026Senate

  15. Senate Hopper

    1/29/2026Senate

Bill Text

  • SB 441/AP* (v5)

    PDF

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