O.C.G.A.

O.C.G.A. § 30-10-3 (2019)

Donors; benefits; assets

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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(a) Donors may supplement the care, support, habilitation, rehabilitation, and treatment of persons with impairments pursuant to this chapter. Neither the contribution to a community trust for the benefit of a life beneficiary nor the use of community trust income or principal to provide benefits shall in any way reduce, impair, or diminish the benefits for which a person is otherwise eligible by law.

(b) The assets held by the board of trustees of any community trust and its income and operations shall be exempt from all state and local taxation.

History

(Code 1981, § 30-10-3, enacted by Ga. L. 1996, p. 804, § 2.)

Annotations

Code Commission notes. - Pursuant to Code Section 28-9-5, in 1996, ‘‘Community Trust’’ was lower-cased in two places

in subsection (a) and in one place in subsection (b).