HB 531 — Local government; provide investment policies
Senate Read and Referred
A BILL to be entitled an Act to amend Title 36 of the O.C.G.A., relating to local government, so as to provide for local government investment policies; to provide scope, investment objectives, and applicability; to amend Code Section 15-6-76.1, relating to investing or depositing funds and depositing funds paid into court registry, so as to update cross references; to amend Code Section 15-16-27, relating to deposit of cash bonds and reserves of professional bondspersons in interest-bearing accounts and disposition of interest, so as to update cross references; to amend Code Section 20-2-411, relating to school fund kept separate, use of funds, separation of school taxes, and investments, so as to authorize additional investment options; to provide for related matters; to repeal conflicting laws; and for other purposes.
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