Georgia CommonsTitle 32. HIGHWAYS, BRIDGES, AND FERRIES · Chapter 10. PUBLIC AUTHORITIES · Article 2. STATE ROAD AND TOLLWAY AUTHORITY · Part 3. TRANSPORTATION INFRASTRUCTURE BANK
32-10-126. Earnings; establishment of accounts and subaccounts; commingling of funds.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
- (a)
Earnings on balances in the federal accounts must be credited and invested according to federal law. Earnings on state and local accounts must be credited to the state and local roadway account or state and local nonroadway account that generates the earnings. The bank may establish accounts and subaccounts within the state and local accounts and federal accounts as considered desirable to effectuate the purposes of this part, or to meet the requirements of any state or federal programs.#
- (b)
For necessary and convenient administration of the bank, the board shall establish federal and state and local accounts and subaccounts within the bank necessary to meet any applicable federal law requirements or as the bank shall determine necessary or desirable in order to implement the provisions of this part.#
- (c)
The bank shall comply with all applicable federal laws and regulations prohibiting the commingling of certain federal funds deposited in the bank.#
History
Code 1981, § 32-10-126, enacted by Ga. L. 2008, p. 73, § 2/HB 1019.
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Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t32-(v23a)-2019-pdf.pdf, Volume V23A, 2019 edition, page 479; merge action: carried; file SHA-256 04a286a38b4e.
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