Title 36 — Title 36
0 chapters · 603 sections in this title.
O.C.G.A. § 36-83-1 Short title
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This chapter shall be known and may be cited as the ‘‘Local Government Investment Pool Act.’’ History. — Ga. L. 1980, p. 1715, § 1. 36-83-2. Legislative findings; purpose of chapter.
O.C.G.A. § 36-83-2 Legislative findings; purpose of chapter
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(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 s…
O.C.G.A. § 36-83-3 Definitions
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As used in this chapter, the term: (1) ‘‘Depository institution’’ means any commercial bank or trust company, mutual savings bank, savings and loan association, or building and loan association existing under the laws of this state or of the United States and domiciled in this st…
O.C.G.A. § 36-83-4 Short title
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Legislative findings; purpose of chapter. Definitions. Authorized investments; delegation of investment authority to financial officer; objective of investment. Sec. 36-83-5. 36-83-6. 36-83-7. 36-83-8. Pledge of collateral from depository institutions.
O.C.G.A. § 36-83-5 Pledge of collateral from depository institutions
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Local governments shall require from a depository institution a pledge of collateral as provided in Chapter 8 of Title 45. History. — Ga. L. 1980, p. 1715, § 5. 36-83-6. Interfund pooling for investment purposes.
O.C.G.A. § 36-83-6 Interfund pooling for investment purposes
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(a) Local governments may effect and are encouraged to effect temporary transfers among separate funds, for the purpose of pooling amounts available for investment. (b) This pooling may be accomplished through interfund advances and other appropriate means consistent with recogni…
O.C.G.A. § 36-83-7 State technical assistance
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The State Depository Board, through the state treasurer, may assist local governments in developing effective cash management policies and in investing funds that are temporarily in excess of operating needs by: (1) Explaining investment opportunities provided by the local govern…
O.C.G.A. § 36-83-8 Local government investment pool
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(a) A local government investment pool is created, consisting of the aggregate of all funds from local governments and all funds from other bodies created for a public purpose which the State Depository Board has agreed to accept that are placed in the custody of the state for in…