Georgia legislation · 2025-2026 Regular Session
Georgia HB1347: Public Retirement Systems Investment Authority Law; provide certain retirement systems the option to invest in real estate
Status: In committee, March 6, 2026
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 certain retirement systems the option to invest in real estate; to provide for an increase in certain retirement systems allowable alternative investments; to provide for related matters; to repeal conflicting laws; and for other purposes.
What the bill says
From the introduced text:
DOAA Greg S. Griffin Georgia Department State Auditor of Audits & Accounts February 12, 2026 The Honorable Brad Thomas State Representative Coverdell Legislative Office Building, Room 401-F Atlanta, GA 30334 SUBJECT: State Auditor's Certification House Bill (LC 56 0549) Dear Representative Thomas: This bill would amend provisions relating to the Public Retirement System Investment Authority Law. If this legislation is enacted, 'large retirement systems' other than the Employees' Retirement System (ERS) and the Teachers Retirement System (TRS) would be authorized to invest up to 10 percent of assets in real estate investments. Currently, this type of investment is only authorized for the Georgia Municipal Employees Benefit System and the Georgia Firefighters' Pension Fund. This bill would also amend provisions related to alternative investments. Current law authorizes 'large retirement systems' to invest up to 10 percent of their assets in alternative investments. If this legislation is enacted, the authorization level would increase to 15 percent, however ERS would still be restricted to 10 percent and TRS to five percent. This is to certify that this bill is a nonfiscal retirement bill as defined in the Public Retirement Systems Standards Law. Respectfully, Greg S. Griffin State Auditor GSG/irm H. B.1347 270 Washington Street. SW. Suite 4-101 Atlanta, Georgia 30334 I Phone 404.656.2180
Sponsors
- Brad Thomas (R, HD-021) · primary sponsor
- John Carson (R, 46)
- Chris Erwin (R, 32)
- Lehman Franklin (R, 160)
Latest actions
- : House Committee Favorably Reported
- : House Second Readers
- : House First Readers
- : House Hopper
Common questions
- What is HB1347?
- HB1347 is a bill in the Georgia Legislature (2025-2026 Regular Session): Public Retirement Systems Investment Authority Law; provide certain retirement systems the option to invest in real estate.
- What does HB1347 do?
- 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 certain retirement systems the option to invest in real estate; to provide for an increase in certain retirement systems allowable alternative investments; to provide for related matters; to repeal conflicting laws; and for other purposes.
- What is the status of HB1347?
- In committee as of March 6, 2026. Latest action: House Committee Favorably Reported (March 6, 2026).
- Who sponsored HB1347?
- Brad Thomas (R, HD-021), with 3 co-sponsors.
- Where is the official record for HB1347?
- On the Georgia Legislature website: https://www.legis.ga.gov/legislation/73289
Source: official Georgia record. Tracked by Delilah, AI for legislation across all 50 states and Congress.