Georgia Legislative Watch

HB318 - Public Retirement Systems Investment Authority Law; change certain provisions
Sponsored by: Benton,Tommy 31st

A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the Official Code of Georgia Annotated, the “Public Retirement Systems Investment Authority Law,” so as to provide that certain foreign corporations shall be deemed to be United States corporations for purposes of investment by public retirement systems; to allow the investment of public retirement system assets in certain real estate trusts; to increase the percentage of the assets of certain public retirement systems that may be invested in foreign corporations; to provide that certain public retirement systems may enter into certain contracts, agreements, and other obligations; to repeal conflicting laws; and for other purposes.