O.C.G.A.

O.C.G.A. § 36-6-18 (2019)

Arrangements for payment of interest on deposits; disposition of interest payments

✓ 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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The county treasurers are authorized to arrange with the bank to pay interest on the money deposited with the bank, but they are not required to do so. Any money received by them as interest must be paid by them into the treasury of the county.

History

Ga. L. 1917, p. 199, § 3; Code 1933, § 23-1019.

Annotations

JUDICIAL DECISIONS Cited in Hancock County v. Hancock Nat’l Bank, 67 F.2d 421 (5th Cir. 1933);

Austin-Western Rd. Mach. Co. v. Fayette County, 99 F.2d 565 (5th Cir. 1938).

RESEARCH REFERENCES Am. Jur. 2d. - 63C Am. Jur. 2d, Public Funds, § 11.

C.J.S. - 26B C.J.S., Depositaries, § 101.