---
title: O.C.G.A. § 20-16-11. Investment in bonds by public officers and public bodies.
collection: code
id: 20-16-11
cite_as: O.C.G.A. § 20-16-11 (2025)
canonical_url: https://georgiacommons.org/code/20-16-11
md_url: https://georgiacommons.org/code/20-16-11.md
text_url: https://georgiacommons.org/code/20-16-11/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=624
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: EDUCATION / GEORGIA HIGHER EDUCATION FACILITIES AUTHORITY
---

# O.C.G.A. § 20-16-11. Investment in bonds by public officers and public bodies.

The bonds authorized in this chapter are made securities in which all public officers and public bodies of this state and all municipalities and all political subdivisions; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business; all administrators, guardians, executors, trustees, and other fiduciaries; and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state may properly and legally invest funds including capital in their control or belonging to them. The bonds are also made securities which may be deposited with and shall be received by all public officers and public bodies of this state and all municipalities and political subdivisions for any purpose for which the deposit of the bonds or other obligations of this state is authorized.

## History

Code 1981, § 20-16-11, enacted by Ga. L. 2006, p. 783, § 1/SB 562.