Official Code of Georgia Annotated

Title 20. EDUCATION · Chapter 2. ELEMENTARY AND SECONDARY EDUCATION · Article 29. INTERLOCAL RISK MANAGEMENT AGENCY

20-2-2009. Joint and several liability of fund members.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Each board of education shall be jointly and severally liable for all legal obligations of a fund which arise out of an event which occurred while such board was a member of such fund; provided, however, that a fund shall not assume a risk greater than an amount to be determined by the Commissioner; and provided, further, that this legal obligation may be enforced by an assessment against such member as provided in the bylaws of the agency.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 20-2-2009, enacted by Ga. L. 1986, p. 1172, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t20-ch1-2a-(v17)-2022-pdf.pdf, Volume V17, 2022 edition, page 900; merge action: carried; file SHA-256 8daa8948bdb5.