reglab/housing_qa huggingface dataset:
GA Code § 50-17-1 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 1 - General Provisions|§ 50-17-1. Use of Facsimile Signatures on Public Securities Authorized

  Public securities authorized to be issued and delivered at any one time may be executed with an engraved, imprinted, stamped, or otherwise reproduced facsimile of any signature, seal, or other means of authentication, certification, or endorsement required or permitted to be recorded thereon if so authorized by the board, body, or officer empowered by law to authorize the issuance of such securities. In addition to the foregoing, the clerk of the superior court of each county of this state may authorize the execution of any public securities, as defined in subsection (b) of this Code section, requiring or permitting his signature, with an engraved, imprinted, stamped, or otherwise reproduced facsimile of such signature and with an engraved, imprinted, stamped, or otherwise reproduced facsimile of the seal of the superior court of which he is clerk.   The term "public securities," as used in this Code section, means bonds, notes, or other obligations for the payment of money issued by this state, by its political subdivisions, or by any department, agency, or other instrumentality of this state or any of its political subdivisions.   This Code section shall be permissive only and shall in no instance be mandatory.    (Ga. L. 1958, p. 689, §§ 1-3; Ga. L. 1977, p. 633, § 1; Ga. L. 1983, p. 839, § 3.)   Law reviews.   - For article discussing tax-exempt financing in Georgia, see 18 Ga. St. B.J. 20 (1981).   RESEARCH REFERENCES   Am. Jur. 2d.   - 64 Am. Jur. 2d, Public Securities and Obligations, § 23 et seq.   C.J.S.   - 10 C.J.S., Bills and Notes, §§ 3, 73.
GA Code § 50-17-2 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 1 - General Provisions|§ 50-17-2. Agreements to Resell or Repurchase United States Government Obligations at Stated Rate of Interest; Delivery and Safekeeping of Such Obligations; Investment in Authorized Securities

  Agencies, authorities, boards, public corporations, instrumentalities, retirement systems, and other divisions of state government authorized to invest in direct obligations of the United States government or in obligations unconditionally guaranteed by agencies of the United States government may do so by selling and purchasing such obligations under agreements to resell or repurchase the obligations at a date certain in the future at a specific price which reflects a premium over the purchase or selling price equivalent to a stated rate of interest. Delivery of the obligations purchased may be made by deposit through book entry in a safekeeping account maintained by the seller of the securities, in the name of the purchasing state entity or its agent, clearly indicating the interest of the purchasing state entity.   In addition to the authorization in subsection (a) of this Code section, the state treasurer may invest in the securities authorized for direct investment by subsection (b) of Code Section 50-17-63 by selling and purchasing such obligations under agreements to resell or repurchase the obligations at a date certain in the future at a specific price which reflects a premium over the purchase or selling price equivalent to a stated rate of interest. Delivery of the obligations purchased may be made by deposit through book entry in a safekeeping account maintained by the seller of the securities, in the name of the Office of the State Treasurer or its agent, clearly indicating the interest of the Office of the State Treasurer.    (Ga. L. 1980, p. 303, § 1; Ga. L. 1997, p. 569, § 2; Ga. L. 2010, p. 863, §§ 2, 3/SB 296.)   Law reviews.   - For article commenting on the 1997 amendment of this Code section, see 14 Ga. St. U.L. Rev. 306 (1997).   OPINIONS OF THE ATTORNEY GENERAL   Reverse repurchase agreements authorized.    - O.C.G.A. § 50-17-2(a) authorizes both selling and purchasing with a commitment to repurchase or resell. 2003 Op. Att'y Gen. No. 2003-10.   Repurchase agreements.   - Office of the State Treasurer is empowered to enter into repurchase agreements and reverse repurchase agreements in connection with fulfilling its role related to managing the investment and liquidity needs of the state. 2012 Op. Att'y Gen. No. 12-1.
GA Code § 50-17-20 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 2 - State Financing and Investment|§ 50-17-20. Short Title

 This article shall be known and may be cited as the "Georgia State Financing and Investment Commission Act."   (Ga. L. 1973, p. 750, § 1; Ga. L. 2002, p. 415, § 50.)
GA Code § 50-17-28 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 2 - State Financing and Investment|§ 50-17-28. Bond Security Contracts Prohibited

 The state and all institutions, departments, and agencies of the state are prohibited from entering into any contract, except contracts pertaining to guaranteed revenue debt, with any public agency, public corporation, authority, or similar entity if the contract is intended to constitute security for bonds or other obligations issued by any such public agency, public corporation, or authority; and, from and after September 1, 1974, in the event any contract between the state, or any institution, department, or agency of the state, and any public agency, public corporation, authority, or similar entity, or any revenues from any such contract, is pledged or assigned as security for the repayment of bonds or other obligations, then and in either such event the appropriation or expenditure of any funds of the state for the payment of obligations under any such contract shall likewise be prohibited; provided, however, that all contracts entered into prior to September 1, 1974, shall continue to have the benefit of the protection afforded by the second paragraph of Article IX, Section VI, Paragraph I(a) of the Constitution of Georgia of 1976 as fully and completely as though this article had not been adopted and for as long as any such contract shall remain in force and effect. Furthermore, nothing in this article is intended directly or by implication to have any effect upon any provision of any such contract establishing lien rights, priorities regarding revenues, or otherwise providing protection to the holders of obligations secured by such contracts.   (Ga. L. 1973, p. 750, § 7; Ga. L. 1979, p. 401, § 19; Ga. L. 1983, p. 3, § 66.)
GA Code § 50-17-30 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 2 - State Financing and Investment|§ 50-17-30. Liability of Public Officers and Employees

 Any public officer or employee and any surety on his official bond or any other person participating in any direct or indirect impairment of any fund established in connection with public debt shall be liable in any action brought by the Attorney General in the name of the state, or by any taxpayer of the state, or by the holder of any evidence of indebtedness payable in whole or in part, directly or indirectly, out of such fund to restore to such fund all diversions therefrom.   (Ga. L. 1973, p. 750, § 9.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 63C Am. Jur. 2d, Public Officers and Employees, § 346.   C.J.S.   - 67 C.J.S., Officers and Public Employees, § 363 et seq.
GA Code § 50-17-50.1 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-50.1. Authority to Vote

 No member of the State Depository Board shall vote to name and appoint as state depositories of state funds any bank, trust company, building and loan association, federal savings and loan association, or the Georgia Credit Union Deposit Corporation in which the member is a stockholder, board member, or owner.    (Code 1981, §50-17-50.1, enacted by Ga. L. 1998, p. 128, § 50.)   Editor's notes.   - This Code section is a codification of the language of Ga. L. 1997, p. 1525, § 2.
GA Code § 50-17-51 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-51. Meetings of State Depository Board; Records; List of Deposits; Interest Policy; Cash Management Policies and Procedures

  The board shall meet at least once every 90 days. The records and proceedings of the board shall be available for inspection by each member of the General Assembly. At the end of each quarter, the board shall furnish to the chairmen of the Senate and House Appropriations Committees, the chairman of the Senate Banking and Financial Institutions Committee, and the chairman of the House Banks and Banking Committee a list of all state time deposits, indicating the amount in each depository, the rates of interests contracted on such deposits, and the physical location of the depository.   Compatible with the desirability of placing all state funds on deposit among state depositories and the necessity to maximize the protection of state funds on deposit, the policy to be followed by the board shall be that there will accrue to the state an advantageous yield of interest on its funds in excess of those required for current operating expenses, in accordance with sound business management practices.   The board shall prescribe cash management policies and procedures and state agencies shall employ the cash management policies and procedures prescribed by the board.Cash management policies and procedures prescribed by the board shall be designed to maximize the efficient and effective utilization of the state's cash resources for the state as a whole.The board may require state agencies to submit reports and plans on such forms and at such times as the board may prescribe to determine whether an agency is in compliance with the cash management policies and procedures prescribed by the board.The state treasurer shall serve as cash management officer for the state on behalf of the board.    (Code 1933, § 100-101.1, enacted by Ga. L. 1971, p. 553, § 2; Ga. L. 1973, p. 149, § 2; Ga. L. 1976, p. 728, § 1; Ga. L. 1986, p. 10, § 50; Ga. L. 1992, p. 6, § 50; Ga. L. 1992, p. 1247, § 1; Ga. L. 2010, p. 863, § 4/SB 296.)
GA Code § 50-17-52 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-52. Contracts for Interest on Deposits; Authority to Remove Deposits

 The board shall make with depositories the most advantageous contracts for interest to be paid by them to the state for the use of the state's money which may be deposited therein, as provided by this article. In so doing, the board may authorize the state treasurer to negotiate with depositories explicit fees in payment for the state's banking services.Such fees shall be paid by the state treasurer from interest earned and shall be subject to the board's approval.In the event any depository so named shall refuse to make a satisfactory contract with the board as to interest to be paid and fees to be charged, it shall have authority to remove state funds from such depository.   (Ga. L. 1878-79, p. 88, § 2; Code 1882, § 943b; Ga. L. 1895, p. 22, § 1; Civil Code 1895, § 984; Civil Code 1910, § 1251; Code 1933, § 100-103; Ga. L. 1949, p. 13, § 8; Ga. L. 1992, p. 1247, § 2; Ga. L. 2010, p. 863, § 4/SB 296.)   OPINIONS OF THE ATTORNEY GENERAL   Limitations on purchases of negotiable certificates of deposit.   - Terms "the most advantageous contracts for interest" and "time deposit agreements" permit the state treasurer 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.
GA Code § 50-17-54 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-54. Monitoring Financial Condition of Depositories; Action in Case of Insolvency of Depository

 It shall be the duty of the board to keep itself advised, from time to time, of the financial condition of the various state depositories, as well as of the financial condition and standing of the securities on the bonds of the depositories; and, if at any time the board should become satisfied as to the insolvency of any of the depositories or that the affairs of any of the depositories are in an embarrassed financial condition, it shall be the duty of the board to direct the state treasurer to withdraw the money of the state from such depository. In case the board should be advised of the insolvency of the securities on the bond of any of the depositories, it shall be the duty of the state treasurer to notify the depository to strengthen the bond; and if, at the end of ten days, the bond is not strengthened, it shall be the duty of the board to direct the state treasurer to withdraw the money of the state from such depository. In either event, the board may also withdraw designation as a state depository.   (Ga. L. 1882-83, p. 138, § 2; Civil Code 1895, § 987; Civil Code 1910, § 1254; Code 1933, § 100-106; Ga. L. 1949, p. 13, § 8; Ga. L. 1971, p. 553, § 5; Ga. L. 1973, p. 149, § 5; Ga. L. 2010, p. 863, § 4/SB 296.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 63C Am. Jur. 2d, Public Funds, §§ 21, 23.   ALR.    - Constitutionality, construction, and application of statute for prevention or equalizing of loss to governmental or political units as result of insolvency or failure of depositories of public funds, 104 A.L.R. 1372.
GA Code § 50-17-55 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-55. Absolute Discretion of State Depository Board in Performance of Duties

 The board shall exercise absolute discretion in performing its duties under this article.   (Ga. L. 1949, p. 13, § 5.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 63C Am. Jur. 2d, Public Funds, § 7.   ALR.    - Invalid designation by another than depositing officer of depository for public funds as affecting liability of officer or his bond for loss thereof through failure of depository, 66 A.L.R. 1059.    Power of board or officials to depart from literal requirements in respect of deposits or loans of public funds in their control, 104 A.L.R. 623.
GA Code § 50-17-56 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-56. State Treasurer to Make Deposits in Compliance With Board's Determinations

 The state treasurer shall deposit all state moneys in compliance with the determination of the board as to the maximum amount and proportion of deposits in particular depositories.   (Ga. L. 1949, p. 13, § 6; Ga. L. 1973, p. 149, § 11; Ga. L. 2010, p. 863, § 4/SB 296.)   RESEARCH REFERENCES   ALR.    - Invalid designation by another than depositing officer of depository for public funds as affecting liability of officer or his bond for loss thereof through failure of depository, 66 A.L.R. 1059.
GA Code § 50-17-57 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-57. State Treasurer to Make Reports

 The state treasurer, as administrative officer of the board, shall furnish to the Governor and the board such information and reports relating to funds held on demand accounts and as investments, estimates of treasury receipts and withdrawals, and interest earned on investments as may be necessary or helpful to the board in the administration of its duties.   (Ga. L. 1960, p. 1144, § 5; Ga. L. 1973, p. 149, § 13; Ga. L. 2010, p. 863, § 4/SB 296.)
GA Code § 50-17-60 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-60. Governor to Sell Bonds to Reimburse State for Any Default

 Whenever any bank which has been made a state depository and has deposited bonds shall fail to perform faithfully such duties as shall be required of it by law or shall fail to account faithfully for all the public moneys or effects that may have come into its hands during its continuance in office, the Governor shall sell sufficient bonds to reimburse the state the amounts due by the state depository on account of such default.   (Ga. L. 1889, p. 177, § 2; Civil Code 1895, § 991; Civil Code 1910, § 1258; Code 1933, § 100-110.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 63C Am. Jur. 2d, Public Funds, § 26.   ALR.    - Depository's bond as covering deposits made before its execution, 98 A.L.R. 1312.
GA Code § 50-17-61 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-61. Procedure for Relief of Bond Sureties

 Any surety desiring to be relieved from the bond of a state depository may give notice in writing to the Governor of such desire with the reasons therefor; and the Governor shall have authority, in his discretion, to relieve the surety. The consent of the cosureties first must be obtained in writing; and the principal must furnish a new surety to take the place of the surety relieved, which new surety will assume all the liabilities for past and future transactions.   (Ga. L. 1882-83, p. 138, § 3; Civil Code 1895, § 988; Civil Code 1910, § 1255; Code 1933, § 100-107.)   RESEARCH REFERENCES   C.J.S.   - 26B C.J.S., Depositaries, §§ 67 et seq., 91.   ALR.    - Depository's bond as covering deposits made before its execution, 98 A.L.R. 1312.
GA Code § 50-17-62 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-62. Funds to Be Held by Depositories

 State depositories shall hold:    All funds deposited with them as time deposits for and on account of the state in accordance with such time deposit agreements as from time to time may be entered into between the depositories and the board pursuant to Code Section 50-17-52, which agreements shall not be inconsistent with the statutes of the United States and regulations made pursuant thereto governing interest-bearing time deposits; and   All other funds received by them for and on account of the state, subject to the check or order of the state treasurer or the officer or employee charged with the custody of any particular bank account.    (Ga. L. 1878-79, p. 88, § 5; Code 1882, § 943e; Civil Code 1895, § 992; Civil Code 1910, § 1259; Code 1933, § 100-111; Ga. L. 1960, p. 1144, § 3; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, §§ 3, 4/SB 296.)   OPINIONS OF THE ATTORNEY GENERAL   Procedure when deposit exceeds bond.    - Former Code 1933, § 100-108 (see O.C.G.A. § 50-17-59) did not in any way authorize the treasurer to make a deposit in excess of the bond or other authorized security for a ten-day period; it instead provided for a grace period of ten days within which the treasurer, whenever a deposit through accumulation of interest or otherwise grew beyond the amount of the bond, must either withdraw the excess or obtain additional bond (or authorized security) from the depository; this applied to all state funds, including former Code 1933, §§ 100-104 and 100-111 and Ga. L. 1960, p. 1144, § 4 (see O.C.G.A. §§ 50-17-58,50-17-62, and50-17-63). 1971 Op. Att'y Gen. No. 71-65.    State depositories must hold all funds either as time deposits or call deposits.  1971 Op. Att'y Gen. No. 71-79.
GA Code § 50-17-64 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-64. Depositories Required to Furnish Monthly Statements

 State depositories shall furnish to the state official having custody of the funds a monthly statement of demand accounts and shall furnish to the responsible official or to the board such other statements as may be requested relating to funds or transactions in custody of or caused by the agencies, bureaus, boards, commissions, or departments of this state.   (Ga. L. 1878-79, p. 88, § 5; Code 1882, § 943e; Ga. L. 1893, p. 135, § 2; Civil Code 1895, §§ 990, 992; Civil Code 1910, §§ 1257, 1259; Code 1933, § 100-109; Ga. L. 1973, p. 149, § 7.)
GA Code § 50-17-65 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-65. State Officials to Notify Depositories of Any Unauthorized Signatures or Alterations; Notification in Lieu of Other Obligations to Notify; Assent to Provisions by Depositories

 The state official or employee of any state department, board, bureau, commission, committee, authority, or other state agency to whom a depository bank sends the statement of account, paid items, and related material shall notify such depository bank of the existence of any unauthorized signature or alteration appearing on any such paid item or related material. The notification shall be in writing and shall be delivered to the depository bank as soon as the unauthorized signature or alteration is discovered, but in no event no later than 90 days from the closing date of the annual state audit for the fiscal year during which the unauthorized signature was affixed or during which the alteration occurred. The notification shall be in lieu of any other obligation to discover and report unauthorized signatures or alterations provided by contract or by law, including, but not limited to, Code Section 11-4-406. The receipt of state funds or funds of any department, authority, board, bureau, commission, committee, or other agency of the state by a depository bank shall constitute assent to the provisions of this Code section.   (Code 1933, § 100-115, enacted by Ga. L. 1971, p. 553, § 7.)
GA Code § 50-17-66 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-66. State Officer Not to Receive Commission, Interest, Compensation, or Reward for Depositing State Money

 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.   (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.)   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.
GA Code § 50-17-67 (2021)
2021 Georgia Code|Title 50 - State Government|Chapter 17 - State Debt, Investment, and Depositories|Article 3 - State Depositories|§ 50-17-67. Depositories to Serve Without Definite Term or Salary or Fees; Exception

 Depositories appointed by the board shall serve only at the discretion of the board and without definite term. Depositories shall receive no salary or fees from the state except as authorized by Code Section 50-17-52.   (Ga. L. 1878-79, p. 88, § 2; Code 1882, § 943b; Ga. L. 1895, p. 22, § 1; Civil Code 1895, § 983; Civil Code 1910, § 1250; Code 1933, § 100-102; Ga. L. 1949, p. 13, § 3; Ga. L. 1992, p. 1247, § 4.)