Georgia Code
Article 2 - Administration and Management of the Assets of the Benefit System
§ 47-5-24. Powers of Board With Regard to Funds Held by It

History. Ga. L. 1965, p. 421, §§ 15-17, 24; Ga. L. 1984, p. 1041, § 6; Ga. L. 1990, p. 190, § 5; Ga. L. 1991, p. 130, § 1; Ga. L. 2000, p. 2, § 7.

<< Previous
Next >>

Structure Georgia Code

Georgia Code

Title 47 - Retirement and Pensions

Chapter 5 - Georgia Municipal Employees Benefit System

Article 2 - Administration and Management of the Assets of the Benefit System

§ 47-5-20. Creation of Board of Trustees

§ 47-5-21. Membership of Board

§ 47-5-22. Officers of the Board of Trustees; Election; Merger of Offices of Secretary and Treasurer; Compensation of the Secretary and Treasurer; Treasurer’s Performance Bond

§ 47-5-23. Powers of the Board of Trustees Generally

§ 47-5-24. Powers of Board With Regard to Funds Held by It

§ 47-5-25. Valuation of Assets of the Retirement System

§ 47-5-26. Duty of Board of Trustees to File an Annual Financial Report With Each Member Employer; Filing of Objections to Transactions Shown in Such Report

§ 47-5-27. Payment of Administrative Expenses of the Board of Trustees; Allocation of Expenses Among Member Municipalities

§ 47-5-28. Accounts for Participating Employees, Member Employers, and as Otherwise Required; Authorization of Funds; Commingling Restriction

§ 47-5-29. Periodic Determination of Principal and Income of the Funds; Periodic Merger of Principal and Income; Method for Determination of Principal Value of Each Unit of Funds

§ 47-5-30. Periodic Audit of the Accounts of the Board of Trustees; Contents and Availability of Report of Such Audit; Standard of Care in Conduct of the Audit and Liability of Auditors