House Bill 1021
By: Representatives McDonald III of the 26th, Leverett of the 123rd, Gullett of the 19th, Oliver
of the 84th, Evans of the 57th, and others
A BILL TO BE ENTITLED
AN ACT
To amend Code Section 15-21A-5 of the Official Code of Georgia Annotated, relating to
retention of funds by authority, remittance to general fund of state treasury, and accumulation
of interest, so as to increase the amount of funds the authority is authorized to retain for
administrative costs; to provide for related matters; to repeal conflicting laws; and for other
purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Code Section 15-21A-5 of the Official Code of Georgia Annotated, relating to retention of
funds by authority, remittance to general fund of state treasury, and accumulation of interest,
is amended by revising subsection (a) as follows:
"(a) The authority shall be entitled to retain from the funds received by the authority under
Code Sections 15-21A-3 and 15-21A-6 an amount equal to 1 percent of such funds, but in
no event more than <del>$500,000.00</del> <ins>$1 million</ins> per fiscal year, to reimburse the authority for
its costs in administering this chapter. The net proceeds, after deduction of such
administrative costs, from the funds received by the authority under Code
Section 15-21A-3 shall be remitted by the authority as follows:
(1) The net proceeds received pursuant to paragraph (1) of subsection (b) of Code
Section 15-21A-3 shall be remitted to the general fund of the state treasury;
(2) The net proceeds received pursuant to paragraph (2) of subsection (b) of Code
Section 15-21A-3 shall be remitted to the general fund of the state treasury;
(3) The net proceeds received pursuant to paragraph (3) of subsection (b) of Code
Section 15-21A-3 shall be remitted to the Georgia Crime Victims Compensation Board
to be deposited into the Georgia Crime Victims Emergency Fund;
(4) The net proceeds received pursuant to paragraph (4) of subsection (b) of Code
Section 15-21A-3 shall be remitted to the Brain and Spinal Injury Trust Fund
Commission for deposit into the Brain and Spinal Injury Trust Fund;
(5) The net proceeds received pursuant to paragraph (5) of subsection (b) of Code
Section 15-21A-3 shall be remitted to the general fund of the state treasury; and
(6) The net proceeds received pursuant to paragraph (6) of subsection (b) of Code
Section 15-21A-3 shall be remitted pursuant to Code Section 15-21-132 for local victim
assistance."
SECTION 2.
All laws and parts of laws in conflict with this Act are repealed.