TITLE 36 LOCAL GOVERNMENT

Chapter 83 information not found

ARTICLE 11 INTEREST RATE MANAGEMENT AGREEMENTS

36-83-7. State technical assistance.

The State Depository Board, through the state treasurer, may assist local governments in developing effective cash management policies and in investing funds that are temporarily in excess of operating needs by:

1. Explaining investment opportunities provided by the local government investment pool to local governments through publications and other appropriate means;
2. Informing local governments of the state's practice and experience in investing short-term funds; and
3. In consultation with the Department of Community Affairs, providing technical assistance in the investment of idle funds to municipalities and counties that request such assistance.

(Ga. L. 1980, p. 1715, § 7; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, § 3/SB 296; Ga. L. 2012, p. 775, § 36/HB 942.)

The 2010 amendment, effective July 1, 2010, substituted "state treasurer" for "director of the Office of Treasury and Fiscal Services" in the middle of the introductory paragraph.

The 2012 amendment, effective May 1, 2012, part of an Act to revise, modernize, and correct the Code, revised punctuation in the introductory paragraph of this Code section.