Georgia Code
Chapter 8 - Accounting for Public Funds
§ 45-8-12. Deposit of Funds in Banks or Depositories — Depository to Give Bond; Pledge of Securities in Lieu of Bond; Acceptance of Federal Insurance as Security; Combination of Securities; Aggregate Amount of Bond

History. Code 1933, § 89-810.2, enacted by Ga. L. 1980, p. 969, § 1; Ga. L. 1987, p. 905, § 1; Ga. L. 1987, p. 1334, § 1; Ga. L. 1994, p. 499, § 1; Ga. L. 2016, p. 249, § 2/SB 283.
The 2016 amendment, effective April 26, 2016, for purposes of promulgating rules and regulations and for all other purposes effective July 1, 2016, in subsection (b), substituted “by the Federal Deposit Insurance Corporation” for “of the Federal Deposit Insurance Corporation and the guarantee or insurance of accounts of the Federal Savings and Loan Insurance Corporation” in the middle and deleted “and the Federal Savings and Loan Insurance Corporation” following “Corporation” at the end; and, in subsection (c), substituted “of accounts by the Federal Deposit Insurance Corporation” for “referred to in subsection (b) of this Code section” in the first sentence and substituted “Except for covered depositories, the” for “The” at the beginning of the second sentence.

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