O.C.G.A.

O.C.G.A. § 50-17-66 (2019)

State officer not to receive commission, interest, compensation, or reward for depositing state money

✓ 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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No officer of this state shall be allowed to receive any commission, interest, compensation, or reward for himself from any source for the depositing of the state’s money in depositories or for continuing such deposits. Any officer of this state who receives any such commission, interest, compensation, or reward for himself shall, upon conviction thereof, be punished by imprisonment for not less than seven nor more than 20 years and shall be disqualified to hold office.

History

Ga. L. 1878-79, p. 88, § 2; Code 1882, § 943b; Ga. L. 1895, p. 22, § 1; Civil Code 1895, § 984; Penal Code 1895,

§ 201; Civil Code 1910, § 1251; Penal Code 1910, § 199; Code 1933, §§ 100-103, 100-9901.

Annotations

OPINIONS OF THE ATTORNEY GENERAL Limitations on purchase of negotiable certificates of deposit. - Terms ‘‘the most advantageous contracts for interest’’ and ‘‘time deposit agreements’’ permit the state treasurer (now director of

the Office of Treasury and Fiscal Services) to purchase negotiable certificates of deposit from state depositories provided the negotiable certificates of deposit are at the rates of interest required by the State

Depository Board. 1971 Op. Att’y Gen. No. 71-79. RESEARCH REFERENCES Am. Jur. 2d. - 63C Am. Jur. 2d, Public Funds, § 12.