36-83-2
Code Resources
Georgia Resources
Georgia Website
Georgia Governor
Georgia Legislature
Georgia Courts
Search this Code
in Google Scholar
on the Web
Google Web Search
MSN Web Search
Yahoo! Web Search
in the News
Google News Search
Google News Archive Search
Yahoo! News Search
in the Blogs
BlawgSearch.com Search
Google Blog Search
Technorati Blog Search
in other Databases
Google Book Search
36-83-2.
(a)
The General Assembly finds that the public interest is served by maximum and
prudent investment of idle public funds so that the need for taxes and other
public revenues is decreased commensurately with the earnings on such
investments.
(b)
The purpose of this chapter is to secure the maximum public benefit from the
deposit and investment of public funds and, in furtherance of such purpose, to:
(1)
Authorize the State Depository Board to establish and maintain a continuing
state-wide policy for the deposit and investment of public funds under its
control;
(2)
Establish a state administered pool for the investment of local government
funds;
(3)
Authorize the investment of local public funds through the local government
investment pool created by this chapter; and
(4)
Permit, upon approval by the State Depository Board, any body created for a
public purpose to invest funds through the local government investment pool.
(c)
The General Assembly finds that the objectives of this chapter will best be
obtained through improved money management, emphasizing the primary requirements
of safety and liquidity and recognizing the different investment objectives of
operating and permanent funds and the effect of the investment of public funds
within the state or its localities upon respective state and local social and
economic conditions.