Georgia Senate
SB 698 - Local Retirement Sys. - invest- ment of assets in equities

Sponsor and CoSponsors
Starr, Terrell
Links / Committees / Status
Summary / Full Text SC: Ret HC: Ret
F/R: 02/09/96 L/A: 04/08/96 Signed by Governor
Titles Amended: 47
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First Reader Summary

A bill to amend Code Section 47-1-12 of the Official Code of Georgia Annotated, relating to investment and reinvestment of local retirement funds, so as to provide that local retirement systems shall be allowed to invest up to 60 percent of their retirement assets in equities.

Actions Taken

               SENATE                         HOUSE 
             2/9/96    Read 1st time          2/29/96       
             2/26/96   Favorably Reported     3/5/96        
             Sub       Committee Amend/Sub                  
             2/27/96   Read 2nd Time          3/5/96        
             2/28/96   Read 3rd Time          3/12/96       
             2/28/96   Passed/Adopted         3/12/96       
             CS        Comm/Floor Amend/Sub                 
             3/25/96   Sent To Governor                     
             4/8/96    Signed by Governor                   
             801       Act/Veto Number                      

Code Sections

Code Sections amended: 47-1-12

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Office of the Secretary of the Senate
Frank Eldridge, Jr., Secretary of the Senate
Last Updated on 01/08/97