Georgia Code
Article 1 - General Provisions
§ 50-16-12. Authorization for State Insurance and Hazard Reserve Fund to Retain Certain Moneys for the Payment of Liabilities and Expenses; Deposit of Investment Funds With Office of the State Treasurer

In order to finance the continuing liability established with other agencies of state government, the state insurance and hazard reserve fund is authorized to retain all moneys paid into the fund as premiums on policies of insurance, all moneys received as interest, and all moneys received from other sources as a reserve for the payment of such liability and the expenses necessary to the proper conduct of such insurance program administered by the fund. Any amounts held by the state insurance and hazard reserve fund which are available for investment shall be paid over to the Office of the State Treasurer. The state treasurer shall deposit such funds in a trust account for credit only to the state insurance and hazard reserve fund. The state treasurer shall invest such funds subject to the limitations of Code Section 50-5A-7 and Chapter 17 of this title. All income derived from such investments shall accrue to the state insurance and hazard reserve fund. When moneys are paid over to the Office of the State Treasurer, as provided in this Code section, the commissioner shall submit an estimate of the date such funds shall no longer be available for investment. When the commissioner wishes to withdraw funds from the trust account provided for in this Code section, he or she shall submit a request for such withdrawal, in writing, to the state treasurer.
History. Ga. L. 1972, p. 296, § 1; Ga. L. 2000, p. 1474, § 10; Ga. L. 2010, p. 863, §§ 2, 3/SB 296.

Structure Georgia Code

Georgia Code

Title 50 - State Government

Chapter 16 - Public Property

Article 1 - General Provisions

§ 50-16-2. State Owned Stock

§ 50-16-3. Property of State Boards and Departments

§ 50-16-3.1. State Authorities Prohibited From Selling Real Property; Exceptions

§ 50-16-4. Use and Keeper of Capitol Buildings and Grounds

§ 50-16-5. Defacing or Injuring Capitol Building or Grounds

§ 50-16-5.1. Commission on the Preservation of the State Capitol

§ 50-16-7. Improvement of Real Estate Held by State in Fee Simple With Reversionary Interest in Federal Government or Under Long-Term Federal License

§ 50-16-8. Insurance of State Property Required; Self-Insurance Program Authorized

§ 50-16-9. Formulation of Self-Insurance Plan for State’s Properties; Incentive Programs Authorized

§ 50-16-11. Employment of Personnel to Carry Out Self-Insurance Plans

§ 50-16-11.1. Commercial Property Policies for Coverage of Buildings, Contents, and Other Property Owned by Community Service Boards

§ 50-16-12. Authorization for State Insurance and Hazard Reserve Fund to Retain Certain Moneys for the Payment of Liabilities and Expenses; Deposit of Investment Funds With Office of the State Treasurer

§ 50-16-13. Authorization for State Insurance and Hazard Reserve Fund to Contract for Fire Protection Systems; Cost Limitation; Approval by Legislative Subcommittees

§ 50-16-14. Authorization of Law Enforcement Officers and Security Personnel to Deny Entrance and Remove Persons From State Property; Assistance

§ 50-16-15. Adjutant General Authorized to Empower Contract Security Guards to Make Arrests and Carry Firearms Upon and Surrounding National Guard Facilities

§ 50-16-16. Penalty for Refusal to Obey Security Personnel or Law Enforcement Officer

§ 50-16-17. Rights and Remedies of State and Other Governmental Entities Relating to Property Ownership

§ 50-16-18. Writing Off Small Amounts Due to State

§ 50-16-19. State Development Projects; Landscape Plan Requirements