SB80 - Public Retirement Systems; define terms; alternative investments; provide code of ethics
SB80 - Public Retirement Systems; define terms; alternative investments; provide code of ethics
Sponsored by: Hill,Judson 32nd
A BILL to be entitled an Act to amend Article 7 of Chapter 20 of Title 47 of the O.C.G.A., the “Public Retirement Systems Investment Authority Law,” so as to define certain terms; to provide that certain public retirement systems may invest retirement system assets in certain types of alternative investments, private placements, and other private investments; to provide that such investments may be made up to a certain amount; to shield information related to such investment from public scrutiny; to provide for a code of ethics; to amend Code Section 50-18-72 of the O.C.G.A., relating to when public disclosure of records is not required and disclosure exempting legal authority, so as to exempt certain public records from public inspection; to repeal conflicting laws; and for other purposes.