Each county or municipality shall be jointly and severally liable for all legal obligations of a fund which arise out of an event which occurred while such county or municipality was a member of such fund; provided, however, that a fund shall not assume a risk greater than an amount to be determined by the Commissioner; and provided, further, that this legal obligation may be enforced by an assessment against such member as provided in the bylaws of the agency.
History. Code 1981, § 36-85-9 , enacted by Ga. L. 1986, p. 1496, § 1.
Structure Georgia Code
Chapter 85 - Interlocal Risk Management Agencies
§ 36-85-4. Agency Not an Insurer
§ 36-85-5. Certificate of Authority; Application
§ 36-85-6. Approval of Certificate; Renewal
§ 36-85-7. Funds to Be Maintained
§ 36-85-8. Investment of Assets
§ 36-85-9. Local Government Liability for Funds
§ 36-85-10. Contracts Between Agency and Administrator
§ 36-85-13. Exemption From State and Local Taxes and Fees
§ 36-85-14. Periodic Examinations
§ 36-85-15. Fund Deficiencies; Assessments Upon Members; Liquidation of Fund
§ 36-85-16. Rules and Regulations
§ 36-85-18. Excess Loss Funding Program Required
§ 36-85-20. Exercise of Authority Not Provision of Liability Insurance; Sovereign Immunity