O.C.G.A. § 47-20-82

GEORGIA CODE

Copyright 2010 by The State of Georgia

All rights reserved.

*** Current through the 2010 Regular Session ***

TITLE 47.  RETIREMENT AND PENSIONS  

CHAPTER 20.  PUBLIC RETIREMENT SYSTEMS STANDARDS  

ARTICLE 7.  PUBLIC RETIREMENT SYSTEMS INVESTMENT AUTHORITY LAW

O.C.G.A. § 47-20-82  (2010)

§ 47-20-82.  Investing funds; eligibility; investment limitation

   (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.