O.C.G.A.
O.C.G.A. § 47-20-82 (2019)
Investing funds; eligibility; investment limitation
✓ 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) Funds shall invest in or lend their assets on the security of, and shall hold as invested assets, only eligible investments as prescribed in this article.
(b) Eligibility of an investment shall be determined as of the date of its making or acquisition.
(c) Any investment limitation based upon the amount of the fund’s assets shall relate to such assets on the basis of the assets’ aggregate historical cost.
History
(Code 1981, § 47-20-82, enacted by Ga. L. 2000, p. 2, § 2.)