reglab/statecodes huggingface dataset:
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 9 - GEORGIA RAIL PASSENGER AUTHORITY LAW (§§ 46-9-270 — 46-9-281) › Section 46-9-275 - Issuance of revenue bonds, notes, or other obligations; refunding bonds

Revenue bonds, notes, or other obligations issued by an authority shall be paid solely from the property, including, but not limited to, real property, fixtures, personal property, revenues, or other funds pledged, mortgaged, conveyed, assigned, hypothecated, or otherwise encumbered to secure or to pay such bonds, notes, or other obligations. All revenue bonds, notes, and other obligations shall be authorized by resolution of the authority, adopted by a majority vote of the members of the authority at a regular or special meeting. Such revenue bonds, notes, or other obligations shall bear such date or dates, shall mature at such time or times not more than 40 years from their respective date, shall bear interest at such rate or rates, which may be fixed or may fluctuate or otherwise change from time to time, shall be subject to redemption on such terms, and shall contain such other terms, provisions, covenants, assignments, and conditions as the resolution authorizing the issuance of such bonds, notes, or other obligations may permit or provide. The terms, provisions, covenants, assignments, and conditions contained in or provided or permitted by any resolution of the authority authorizing the issuance of such revenue bonds, notes, or other obligations shall bind the members of the authority then in office and their successors. The authority shall have power from time to time and whenever it deems refunding expedient to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and may issue bonds partly to refund bonds then outstanding and partly for any other purpose permitted under this article. The refunding bonds may be exchanged for the bonds to be refunded with such cash adjustments as may be agreed upon or may be sold and the proceeds applied to the purchase or redemption of the bonds to be refunded. There shall be no limitation upon the amount of revenue bonds, notes, or other obligations which any authority may issue. Any limitations with respect to interest rates or any maximum interest rate or rates found in the usury laws of the State of Georgia, or any other laws of the State of Georgia, shall not apply to revenue bonds, notes, or other obligations of an authority.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 9 - GEORGIA RAIL PASSENGER AUTHORITY LAW (§§ 46-9-270 — 46-9-281) › Section 46-9-277 - Public purpose of article

The implementation of rail passenger service and public transportation projects within the State of Georgia develops and promotes, for the public good and general welfare, trade, commerce, tourism, industry, and employment opportunities and promotes the general welfare of the state by creating a climate favorable to the location of new industry, trade, and commerce and the development of existing industry, trade, and commerce within the State of Georgia. Implementation of rail passenger service and public transportation projects within this state under the article will develop and promote, for the public good and general welfare, trade, commerce, tourism, industry, and employment opportunities and will promote the general welfare of the state. It is therefore in the public interest and is vital to the public welfare of the people of Georgia, and it is declared to be the public purpose of this article to so develop public transportation projects within this state. No bonds, notes, or other obligations, except refunding bonds, shall be issued by the authority pursuant to this article unless its membership adopts a resolution finding that the project for which such bonds, notes, or other obligations are to be issued will promote the foregoing objectives.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 9 - GEORGIA RAIL PASSENGER AUTHORITY LAW (§§ 46-9-270 — 46-9-281) › Section 46-9-278 - Liberal construction to effect stated purpose

The provisions of this article shall be liberally construed to effect its stated purpose. The offer, sale, or issuance of bonds, notes, or other obligations by the authority shall not be subject to regulation under the Georgia laws regulating the sale of securities, as heretofore and hereafter amended. No notice, proceeding, or publication except those required by this article shall be necessary to the performance of any act authorized by this article, nor shall any such act be subject to referendum.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 9 - GEORGIA RAIL PASSENGER AUTHORITY LAW (§§ 46-9-270 — 46-9-281) › Section 46-9-279 - Status of bonds and other obligations as constituting debt or obligation of state, county, or other political subdivisions

No bonds, notes, or other obligations of and no indebtedness incurred by the authority shall constitute an indebtedness or obligation of the State of Georgia or any county, municipal corporation, or political subdivision thereof nor shall any act of the authority in any manner constitute or result in the creation of an indebtedness of the state or any such county, municipal corporation, or political subdivision. No holder or holders of any such bonds, notes, or other obligations shall ever have the right to compel any exercise of the taxing power of the state or any county, municipal corporation, or political subdivision thereof nor to enforce the payment thereof against the state or any such county, municipal corporation, or political subdivision.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 9 - GEORGIA RAIL PASSENGER AUTHORITY LAW (§§ 46-9-270 — 46-9-281) › Section 46-9-280 - Exemption of authority from taxes or assessments

The authority is created for nonprofit and public purposes; and it is found, determined, and declared that the creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of the state, that the authority is an institution of purely public charity and will be performing an essential governmental function in the exercise of the powers conferred upon it by this article, and for such reasons the state covenants with the holders from time to time of the bonds, notes, and other obligations issued hereunder that the authority shall not be required to pay any taxes or assessments imposed by the state or any of its counties, municipal corporations, political subdivisions, or taxing districts upon any property acquired by the authority or under its jurisdiction, control, possession, or supervision or leased by it to others or upon its activities in the operation or maintenance of any such property or on any income derived by the authority in the form of fees, recording fees, rentals, charges, purchase price, installments, or otherwise, and that the bonds, notes, and other obligations of the authority, their transfer, and the income therefrom shall at all times be exempt from taxation within the state.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 9 - GEORGIA RAIL PASSENGER AUTHORITY LAW (§§ 46-9-270 — 46-9-281) › Section 46-9-281 - Effect of article on other authorities

This article shall not affect any other authority now or hereafter existing under general or local constitutional amendment or general or local law.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 9A - RAILWAY PASSENGER SERVICE CORRIDOR SYSTEM (§§ 46-9-290 — 46-9-291) › Section 46-9-290 - Designated Georgia Rail Passenger Corridors

(a)
For purposes of state planning and development of service there is created a comprehensive and coordinated state-wide system of railway passenger service corridors for providing railway passenger service to the general public and connecting points within and throughout this state and to nearby states, which shall be known as the Designated Georgia Rail Passenger Corridors and shall include the following:
(1)
Atlanta-Athens;
(2)
Atlanta-Hartsfield International Airport-Macon;
(3)
Macon-Jesup-Brunswick;
(4)
Macon-Americus-Albany;
(5)
Macon-Houston County-Valdosta;
(6)
Macon-Douglas-Waycross-Jacksonville, Florida;
(7)
Macon-Savannah;
(8)
Atlanta-Columbus;
(9)
Atlanta-Augusta;
(10)
Atlanta-Gainesville;
(11)
Atlanta-Bremen;
(12)
Atlanta-Canton;
(13)
Atlanta-Cartersville;
(14)
Jesup-Waycross-Jacksonville, Florida;
(15)
Gainesville-Greenville, South Carolina;
(16)
Albany-Tallahassee, Florida;
(17)
Bremen-Birmingham, Alabama; and
(18)
Atlanta-Chattanooga, Tennessee.
(b)
(1)
Nothing in this Code section shall preclude or delay state involvement in the planning and development of high speed rail for the Atlanta to Chattanooga, Tennessee, railway passenger service corridor, should federal or private funds be made available for such high speed rail.
(2)
For the purposes of this subsection, "high speed rail" is defined as involving trains traveling at maximum speeds in excess of 110 miles per hour.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 9A - RAILWAY PASSENGER SERVICE CORRIDOR SYSTEM (§§ 46-9-290 — 46-9-291) › Section 46-9-291 - Planning and development

(a)
Any and all railway passenger service plans or programs of any and all state departments, agencies, boards, bureaus, commissions, or authorities having responsibility for the same shall be conducted and coordinated so as to conform planning and development of service to the railway passenger service corridors of the program provided by this article. It is the intent of the General Assembly that planning and development of railway passenger service shall include every metropolitan statistical area of the state to the extent that revenues of the state for such planning or development are made available from either dedicated revenue sources or the general fund.
(b)
Any state department, agency, board, bureau, commission, or authority having responsibility for any railway passenger service planning or programming may recommend any additional railway passenger service corridor or corridors to the General Assembly for inclusion in the Designated Georgia Rail Passenger Corridors after completion of a feasibility study for such proposed additional railway passenger service corridor or corridors, but no additional railway passenger service corridor shall be studied for inclusion unless federal or state funding is made available for such study. No railway passenger service corridor shall be a part of the Designated Georgia Rail Passenger Corridors unless and until it is included in the list provided by Code Section
46-9-290
.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-320 - Short title

This article shall be known and may be cited as the "Southwest Georgia Railroad Excursion Authority Law."
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-321 - Creation; administrative assignment

(a)
There is created a body corporate and politic to be known as the Southwest Georgia Railroad Excursion Authority, which shall be deemed to be an instrumentality of the state and a public corporation, for the purposes of construction, financing, operation, and development of rail passenger excursion projects utilizing any state owned railway in Crisp and Sumter counties and any nearby county which may be included within the service area as provided by this article.
(b)
The authority shall be assigned to the Department of Natural Resources for administrative purposes only.
Amended by 2002 Ga. Laws 869, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-325 - Members accountable as trustees; records

The members of the authority shall be accountable in all respects as trustees. The authority shall keep suitable and proper books and records of all receipts, income, and expenditures of every kind and shall submit for inspection all of the books, together with a proper statement of the authority's financial position, once a year on or about June 30 to the state auditor.
Amended by 2002 Ga. Laws 869, § 2, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-326 - Revenue bonds, notes, and other obligations

Revenue bonds, notes, or other obligations issued by the authority shall be paid solely from the property, including, but not limited to, real property, fixtures, personal property, revenues, or other funds pledged, mortgaged, conveyed, assigned, hypothecated, or otherwise encumbered to secure or to pay such bonds, notes, or other obligations. All revenue bonds, notes, and other obligations shall be authorized by resolution of the authority, adopted by a majority vote of the members of the authority at a regular or special meeting. Such revenue bonds, notes, or other obligations shall bear such date or dates, shall mature at such time or times not more than 40 years from their respective date, shall bear interest at such rate or rates which may be fixed or may fluctuate or otherwise change from time to time, shall be subject to redemption on such terms, and shall contain such other terms, provisions, covenants, assignments, and conditions as the resolution authorizing the issuance of such bonds, notes, or other obligations may permit or provide. The terms, provisions, covenants, assignments, and conditions contained in or provided or permitted by any resolution of the authority authorizing the issuance of such revenue bonds, notes, or other obligations shall bind the members of the authority then in office and their successors. The authority shall have power from time to time and whenever it deems refunding expedient to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and may issue bonds partly to refund bonds then outstanding and partly for any other purpose permitted under this article. The refunding bonds may be exchanged for the bonds to be refunded with such cash adjustments as may be agreed upon or may be sold and the proceeds applied to the purchase or redemption of the bonds to be refunded. There shall be no limitation upon the amount of revenue bonds, notes, or other obligations which any authority may issue. Any limitation with respect to interest rates or any maximum interest rate or rates found in the usury laws of the State of Georgia, or any other laws of the State of Georgia, shall not apply to revenue bonds, notes, or other obligations of the authority.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-328 - Implementation of rail passenger excursion projects

The implementation of rail passenger excursion projects within the service area develops and promotes, for the public good and general welfare, trade, commerce, tourism, industry, and employment opportunities and promotes the general welfare of the state by creating a climate favorable to the location of new industry, trade, and commerce and the development of existing industry, trade, and commerce within the State of Georgia. Implementation of rail passenger excursion projects within the service area under this article will develop and promote, for the public good and general welfare, trade, commerce, tourism, industry, and employment opportunities and will promote the general welfare of the state. It is therefore in the public interest and is vital to the public welfare of the people of Georgia, and it is declared to be the public purpose of this article to so develop rail passenger excursion projects within the service area. No bonds, notes, or other obligations, except refunding bonds, shall be issued by the authority pursuant to this article unless its membership adopts a resolution finding that the project for which such bonds, notes, or other obligations are to be issued will promote the foregoing objectives.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-329 - Liberal construction of provisions

The provisions of this article shall be liberally construed to effect its stated purpose. The offer, sale, or issuance of bonds, notes, or other obligations by the authority shall not be subject to regulation under the Georgia laws regulating the sale of securities, as heretofore and hereafter amended. No notice, proceeding, or publication except those required by this article shall be necessary to the performance of any act authorized by this article, nor shall any such act be subject to referendum.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-330 - Indebtedness not obligation of state or political subdivision

No bonds, notes, or other obligations of and no indebtedness incurred by the authority shall constitute an indebtedness or obligation of the State of Georgia or any county, municipal corporation, or political subdivision thereof nor shall any act of the authority in any manner constitute or result in the creation of an indebtedness of the state or any such county, municipal corporation, or political subdivision. No holder or holders of any such bonds, notes, or other obligations shall ever have the right to compel any exercise of the taxing power of the state or any county, municipal corporation, or political subdivision thereof nor to enforce the payment thereof against the state or any such county, municipal corporation, or political subdivision.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-331 - Purpose of authority's creation; tax exemption

The authority is created for nonprofit and public purposes; and it is found, determined, and declared that the creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of the state, that the authority is an institution of purely public charity and will be performing an essential governmental function in the exercise of the powers conferred upon it by this article, and for such reasons the state covenants with the holders from time to time of the bonds, notes, and other obligations issued hereunder that the authority shall not be required to pay any taxes or assessments imposed by the state or any of its counties, municipal corporations, political subdivisions, or taxing districts upon any property acquired by the authority or under its jurisdiction, control, possession, or supervision or leased by it to others or upon its activities in the operation or maintenance of any such property or on any income derived by the authority in the form of fees, recording fees, rentals, charges, purchase price, installments, or otherwise, and that the bonds, notes, and other obligations of the authority, their transfer, and the income therefrom shall at all times be exempt from taxation within the state.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 9 - TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY (§§ 46-9-1 — 46-9-332) › Article 11 - SOUTHWEST GEORGIA RAILROAD EXCURSION AUTHORITY (§§ 46-9-320 — 46-9-332) › Section 46-9-332 - Authorization for rail passenger excursion projects not limited

The authorization for rail passenger excursion projects provided by this article shall be in addition to and not limited by any other authorization for rail passenger service or rail passenger service projects provided by this chapter.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 10 - [Repealed] (§ 46-10-1) › Section 46-10-1 - through 46-10-9 - [Reserved]

Reserved. Repealed by Ga. L. 2015, p. 1088, § 45/SB 148, effective July 1, 2015.
2023 CODE OF GEORGIA › Title 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION (§§ 46-1-1 — 46-11-1) › Chapter 11 - [Repealed] TRANSPORTATION OF HAZARDOUS MATERIALS (§ 46-11-1) › Section 46-11-1 - through 46-11-6 - [Repealed]

Repealed and reserved by 2011 Ga. Laws 119,§ 25, eff. 7/1/2011.
Amended by 2011 Ga. Laws 244,§ 6-3, eff. 7/1/2011.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-1 - Intent of codification and enactment of this title

The enactment of Title 47 of this Code is intended only as a recodification of the existing laws of this state relating to retirement and pensions. The codification and enactment of this title are not intended to nor shall they be construed to increase, diminish, grant, destroy, impair, alter, or otherwise affect any pension, retirement benefit or allowance, survivors benefit, membership or right to membership, creditable service or right thereto, prior service or right thereto, membership service or right thereto, or any option, election, or right of any kind which is in existence on November 1, 1982.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-2 - Pooling of funds by retirement systems for investment purposes; accounting practices with regard to pooled funds

(a)
The boards of trustees or directors, by whatever name known, of any two or more retirement systems created by general law, pursuant to the mutual consent of such boards, may pool their trust funds for the purposes of joint investment. The board of trustees or directors, by whatever name known, of any two or more local retirement systems funded by a single political subdivision may likewise pool their trust funds for the purposes of joint investment. When such pooling occurs, the board of trustees of the managing retirement system shall account for the pooled trust funds in accordance with generally accepted principles of accounting, in order to maintain separate accountability of such funds while under its management.
(b)
The pooled trust funds may be invested in accordance with Chapter 2 of this title, relating to the Employees' Retirement System of Georgia, notwithstanding any other provisions of law to the contrary.
(c)
Nothing in this Code section shall establish a legal provision for combining the Employees' Retirement System of Georgia with the Teachers Retirement System of Georgia.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-4 - Report of the state auditor on the condition of local retirement systems

Based on the most recent actuarial investigations on file pursuant to subsection (d) of Code Section
47-1-3
and financial reports submitted under subsections (e) through (j) of Code Section
47-1-3
, the state auditor, once every two years beginning on January 1, 1997, shall submit a report on the condition of local retirement systems to the Governor and each member of the General Assembly. The report shall deal specifically with any local retirement system which the state auditor has reason to believe is not in actuarially sound condition or has not been in compliance with the provisions of Code Section
47-1-12
. A copy of the state auditor's report shall also be sent to the Attorney General and to the applicable governing authority of the political subdivision and the applicable board of trustees or other governing authority of the local retirement system which the state auditor finds is not in actuarially sound condition or has not been in compliance with the provisions of Article 7 of Chapter 20 of this title.
Amended by 2001 Ga. Laws 4, § 1, eff. 2/12/2001.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-5 - Duty of governing authorities to make and file actuarial investigations and to file financial reports; withholding of state funds for failure to meet this duty

It shall be the duty of the governing authority of each county, municipality, or other political subdivision whose employees are covered under a local retirement system and the duty of a local board of education whose employees are covered under a local retirement system to cause the actuarial investigations required by subsection (d) of Code Section
47-1-3
to be made and to cause such actuarial investigations to be filed with the state auditor as required by that subsection. It shall also be their duty to cause financial reports to be submitted to the state auditor as required by subsections (e) through (j) of Code Section
47-1-3
. If a required actuarial investigation and financial report are not submitted, then within 30 days after the date on which such investigation and report were due in the office of the state auditor, the state auditor shall notify, in writing, the governing authority of the county, municipality, or other political subdivision whose employees are covered under the applicable local retirement system. If the actuarial investigation and financial report are not received by the state auditor within 60 days after the date such notice is sent to the governing authority, the state auditor shall notify the state treasurer; and it shall be the duty of the state treasurer to withhold any state funds payable to the applicable political subdivision or local board of education until the actuarial investigation and financial report are submitted to the state auditor. The state auditor shall advise the state treasurer within five days after receiving the actuarial investigation and financial report to release any state funds payable to the applicable political subdivision.
Amended by 2010 Ga. Laws 621,§ 4, eff. 7/1/2010.
Amended by 2010 Ga. Laws 621,§ 3, eff. 7/1/2010.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-6 - Effect of World War II armed forces service on retirement benefits; payments to retirement systems for such periods

(a)
No veteran of World War II who was discharged other than dishonorably and who was furloughed from a position of employment with a county or municipal government which has a retirement or pension plan for the position occupied shall suffer or otherwise lose any seniority toward his retirement or pension by virtue of such service in the armed forces of the United States.
(b)
No such veteran shall be required to make any payments to any such retirement or pension fund for and during his period of service with the armed forces of the United States.
(c)
This Code section shall apply to a political subdivision of any county or municipality where such a retirement or pension plan is in effect.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-7 - Powers of retirement, pension, or emeritus systems or funds with regard to agents employed to act as custodians of assets or investment advisers

The board of trustees or other person or body having the power to manage, invest, and reinvest the assets of any retirement, pension, or emeritus system or fund created under the laws of this state may authorize any agent, including a bank or trust company, employed to act as custodian of such assets or to act as an investment adviser and to make investments for such retirement, pension, or emeritus system or fund, provided that such agent has a nominee or nominees in whose name securities, including, without limitation, bonds, stocks, notes, and other evidence of title to intangible personal property, held by the agent may be registered, to register securities which are held under the terms of such agency in the name of the nominee or nominees, without mention of the agency relationship in the instrument evidencing such securities or on the books of the issuing entity. The records of such agent shall at all times clearly show that such securities are held in such agency capacity and shall indicate the beneficial owner of the securities. Such agent shall not be relieved of liability for the safe custody, control, and proper distribution of such securities or the income therefrom by reason of the registration of those securities in the name of any nominee. The authorization of any such agent to register securities in the name of such nominees shall be in writing and may contain such other restrictions as the board of trustees or other person or body charged with the management and investment of the assets of any such retirement, pension, or emeritus system or fund may deem appropriate.
Amended by 2010 Ga. Laws 681,§ 65, eff. 7/1/2010.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-8 - Restrictions on ability of members of the General Assembly to receive pension plan credit for service in the General Assembly

No person becoming a member of the General Assembly for the first time on or after July 1, 1984, shall be entitled to receive or shall receive any creditable service under any local retirement or pension system for service as a member of the General Assembly unless the law, ordinance, or resolution which is the source of authority for such local retirement or pension system specifically authorizes creditable service to be obtained under such local retirement or pension system for service in the General Assembly.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-11 - Creditable service not allowed for military service from which discharge was other than honorable

(a)
As used in this Code section, the term:
(1)
"Creditable service" means any period of time which may be used as a factor in the computation of any benefit under a public retirement system.
(2)
"Military service" means service in the armed forces of the United States or in a reserve component of the armed forces of the United States, including the National Guard.
(3)
"Public employee" means elected and appointed officials and employees of the state or any branch, department, board, bureau, commission, authority, or other agency of the state and elected and appointed officials and employees of any political subdivision of the state or of any authority or other agency of any such political subdivision.
(4)
"Public retirement system" means any retirement or pension system now or hereafter created by or pursuant to the authority of Georgia law or the Constitution of Georgia which has public employees as members of the retirement or pension system.
(5)
"Source of authority" means the law, resolution, or ordinance which creates or provides for a public retirement system.
(b)
Only military service for which a person was discharged or separated under honorable conditions shall be eligible to be counted as military service for the purpose of obtaining creditable service under any public retirement system, whether presently existing or hereafter created, when the source of authority for such public retirement system authorizes military service to be used as a basis to obtain creditable service under such public retirement system.
(c)
The provisions of this Code section are a limitation on the use of military service as creditable service under any public retirement system and shall not be construed to create a right to obtain creditable service for military service under any public retirement system when such right does not exist independently of this Code section.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-12 - Investment and reinvestment of assets of local retirement system; valuation and limitation on investments; duties of state auditor

(a)
The board of trustees of any local retirement system shall have full power to invest and reinvest assets of the retirement system and to purchase, hold, sell, assign, transfer, and dispose of any securities and other investments in which assets of the retirement system have been invested, any proceeds of any investments, and any money belonging to the retirement system; provided, however, that, except as otherwise provided in this Code section, such power shall be subject to all terms, conditions, limitations, and restrictions imposed by Article 7 of Chapter 20 of this title in making and disposing of their investments.
(b)
Notwithstanding the provisions of Code Section
33-11-21
, the board of trustees of any local retirement system shall not be restricted to investing in those equities which have paid a cash dividend in at least three of the last five years preceding the purchase of such equities.
(c)
Nothing in this Code section shall be construed to limit or restrict the authority of the board of trustees of any retirement system to invest or reinvest assets of such system in such manner and under such conditions as are authorized by law.
(d)
The state auditor shall monitor the investment activity of local retirement systems and shall submit a report to the Governor and the presiding officer of each chamber of the General Assembly describing the effect, if any, changes in investment policy have had on those systems. Such report shall be submitted not later than December 31, 2001.
Amended by 2015 Ga. Laws 133,§ 1, eff. 7/1/2015.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-13 - Maximum compensation used in computing employee and employer contributions

(a)
As used in this Code section, the term "eligible member" means a person who became a member of a public retirement or pension system prior to the plan year beginning after December 31, 1995.
(b)
Any other provision of law to the contrary notwithstanding, the maximum compensation used in computing employee and employer contributions to or benefits due from any public retirement or pension system shall be the maximum compensation set forth in Section 401(a)(17) of the federal Internal Revenue Code, as now or hereafter amended; provided, however, that pursuant to Section 13212(d)(3)(A) of the federal Omnibus Budget Reconciliation Act of 1993 and the regulations issued under such section, eligible members are not subject to the limits of Section 401(a)(17) of the federal Internal Revenue Code, and the maximum compensation used for such computations for eligible members shall be the maximum amount allowed by the respective retirement or pension system to be so used on July 1, 1993.
Amended by 2009 Ga. Laws 275,§ 2, eff. 5/11/2009.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-13.1 - Annual compensation limits in determining benefits or contributions due

(a)
As used in this Code section, the term:
(1)
"Annual compensation" means compensation during the determination period. Such term shall include any cost-of-living adjustment in effect for a calendar year if the determination period begins with or within such calendar year.
(2)
"Determination period" means the plan year or such other consecutive 12 month period over which compensation is otherwise determined under the public retirement or pension system.
(b)
The annual compensation of a plan member during any plan year beginning on or after January 1, 2002, which exceeds $200,000.00, as adjusted for cost-of-living increases in accordance with Section 401(a)(17)(B) of the federal Internal Revenue Code, shall not be taken into account in determining benefits or contributions due from the public retirement or pension system for any plan year. If the determination period consists of fewer than 12 months, the annual compensation limit shall be an amount equal to the otherwise applicable annual compensation limit multiplied by a fraction, the numerator of which is the number of months in the short determination period and the denominator of which is 12. If the compensation for any prior determination period is taken into account in determining a plan member's contributions or benefits for the current plan year, the compensation for such prior determination period shall be subject to the applicable annual compensation limit in effect for the prior period.
(c)
The annual compensation of a plan member during any plan year beginning on and after January 1, 1996, and before January 1, 2002, which exceeds $150,000.00, as indexed as provided in Section 401(a)(17)(B) of the federal Internal Revenue Code, shall be disregarded for purposes of computing contributions to or benefits due from the public retirement or pension system.
Amended by 2010 Ga. Laws 681,§ 64, eff. 7/1/2010.
Added by 2009 Ga. Laws 275,§ 3, eff. 5/11/2009.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-15 - Circumstances when survivors benefits are paid to secondary beneficiary

Unless otherwise expressly stated elsewhere in this title, in the event a person designated by a member of a public retirement or pension system created by this title as the primary beneficiary of a survivors benefit provided by such system does not survive the member by at least 32 days, any such benefits shall be paid to the secondary beneficiary, or as otherwise provided by law.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-16 - Public retirement systems prohibited from having insurable interest in members; prohibition on expending or obligating funds for purchase of life insurance on members; exception

No public retirement system in this state shall have an insurable interest in active or retired members of such retirement system. No public retirement system shall have the authority to expend or obligate funds under the control of such retirement system to purchase life insurance on its members except where all benefits are paid to a member's estate or to a beneficiary designated by the individual member.
Added by 2012 Ga. Laws 650,§ 1, eff. 5/1/2012.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 1 - IN GENERAL (§§ 47-1-1 — 47-1-17) › Section 47-1-17 - Required education for public retirement system trustees

(a)
As used in this Code section, the term:
(1)
"Public retirement system" means any retirement or pension system now or hereafter created by or pursuant to the authority of Georgia law or the Constitution of Georgia which has public employees as members of the retirement or pension system.
(2)
"Public retirement system trustee" means a member of a board of trustees or other administrative body or agency charged with the duty of administering a public retirement system.
(b)
(1)
Each public retirement system trustee shall complete appropriate education applicable to his or her fiduciary duties and obligations under the public retirement system.
(2)
Each public retirement system trustee first appointed or elected on or after July 1, 2019, shall complete a minimum of eight hours of education designated to orient new public retirement system trustees in the areas described in this Code section within one year of becoming a new public retirement system trustee. If such a trustee fails to complete such requirement within 14 months, he or she shall be removed from his or her position as a trustee.
(3)
Each public retirement system trustee who was appointed or elected prior to July 1, 2019, or who has served one or more years as a public retirement system trustee shall complete a minimum of 12 hours of continuing education every two years in the areas described in this Code section. If such a trustee fails to complete such requirement within 26 months, he or she shall be removed from his or her position as such trustee.
(c)
Applicable education shall include education and training in the following areas:
(1)
Laws applicable to public retirement systems, which may include federal and state laws applicable to specific public retirement systems, laws applicable to public retirement system trustees, the applicable common law duties of trustees listed in Title 53, and laws related to open meetings and open records;
(2)
Roles, duties, and responsibilities of public retirement system trustees;
(3)
Ethics and conflicts of interest;
(4)
Governance, administration, and funding of public retirement systems;
(5)
Investments; investment management, portfolios, and strategies; and measurements of performance; and
(6)
Audit and actuarial principles and methods related to public retirement systems.
(d)
Applicable education may include:
(1)
Seminars, conferences, or schools sponsored by educational institutions or professional organizations;
(2)
Online continuing education coursework;
(3)
Continuing education received at any public retirement system meeting; or
(4)
Any other continuing education approved by the public retirement system.
(e)
Each public retirement system shall maintain a record of its public retirement system trustee education.
Added by 2019 Ga. Laws 244,§ 1, eff. 7/1/2019.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 2 - RESTRICTIONS AND PROHIBITIONS ON MEMBERSHIP IN PUBLIC RETIREMENT OR PENSION SYSTEMS (§§ 47-1-20 — 47-1-25) › Section 47-1-21 - Termination of membership in public retirement system for committing public employment related crimes; applicability to employees on July 1, 1985; determination of benefits

(a)
This Code section shall apply to public employees in service on July 1, 1985, as long as such employees remain in continuous service as public employees. Any public employee in service on July 1, 1985, who ceases to be a public employee on or after that date and who subsequently again becomes a public employee shall be subject to the provisions of Code Section
47-1-22
upon again becoming a public employee. Any person who was a public employee prior to July 1, 1985, and who ceased to be a public employee prior to that date shall be subject to the provisions of Code Section
47-1-22
if such person again becomes a public employee after July 1, 1985.
(b)
If a public employee commits a public employment related crime on or after July 1, 1985, in the capacity of a public employee and is convicted for the commission of such crime, such employee's membership in any public retirement system shall terminate on the date of final conviction and such employee shall not at any time thereafter be eligible for membership in any public retirement system. For any such public employee finally convicted for the commission of a public employment related crime, the right to any benefit or any other right under any public retirement system in which the employee is a member shall be determined as of the date of final conviction.
2023 CODE OF GEORGIA › Title 47 - RETIREMENT AND PENSIONS (§§ 47-1-1 — 47-25-101) › Chapter 1 - GENERAL PROVISIONS (§§ 47-1-1 — 47-1-86) › Article 2 - RESTRICTIONS AND PROHIBITIONS ON MEMBERSHIP IN PUBLIC RETIREMENT OR PENSION SYSTEMS (§§ 47-1-20 — 47-1-25) › Section 47-1-22 - Reduction and forfeiture of rights and benefits by public employees after July 1, 1985, for committing public employment related crimes; reimbursement of contributions

(a)
This Code section shall apply to public employees first or again becoming public employees after July 1, 1985.
(b)
If a public employee commits a public employment related crime in the capacity of a public employee and is convicted for the commission of such crime, upon final conviction such person's benefits under a public retirement or pension system, including any survivor's benefits if applicable, shall be reduced by an amount equal to three times the economic impact of the crime, as determined pursuant to the provisions of Code Section
47-1-25
. Payment of such benefits shall cease until such amount has been forfeited, after which benefits shall be restored. If the person has not begun to receive a benefit, the deduction shall commence at the time such benefits would normally begin. For purposes of this subsection, the term "benefit" shall not include a refund of employee contributions without interest.
Amended by 2008 Ga. Laws 414,§ 3, eff. 7/1/2008.