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HB 0217 -	Mutual Funds - Counties Authorized to Invest Pension Assets
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Tracking Level:

Support

Sponsor:

Maxwell, Howard 17th

Last Action:

7/1/2015 - Effective Date

State Code Titles:

House Committee:

Ret

Senate Committee:

RET

Assigned To:

Retirement	Next Bill
Todd Edwards	Next Bill

Staff Analysis of the Legislation
This legislation authorizes local governments to invest pension assets in mutual funds. While ACCG and counties have been doing this for many years, a recent letter by the Georgia Attorney General to the State Auditor casted doubt on whether this is a statutorily-authorized practice.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text