---
title: O.C.G.A. § 36-80-3. Authorized investments of funds by governing bodies.
collection: code
id: 36-80-3
cite_as: O.C.G.A. § 36-80-3 (2025)
canonical_url: https://georgiacommons.org/code/36-80-3
md_url: https://georgiacommons.org/code/36-80-3.md
text_url: https://georgiacommons.org/code/36-80-3/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t36-ch60-92-(v27a)-2025-pdf.pdf?sfvrsn=1fad51cc_0#page=392
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: LOCAL GOVERNMENT / Provisions Applicable to Counties, Municipal Corporations, and Other Governmental Entities / GENERAL PROVISIONS
---

# O.C.G.A. § 36-80-3. Authorized investments of funds by governing bodies.

(a) The governing body of a municipality, county, school district, or other local governmental unit or political subdivision, in addition to all other legal investments, may invest and reinvest money subject to its control and jurisdiction in:

(1) Obligations of the United States and of its agencies and instrumentalities;

(2) Bonds or certificates of indebtedness of this state and of its agencies and instrumentalities; and

(3) Certificates of deposit of banks which have deposits insured by the Federal Deposit Insurance Corporation; provided, however, that that portion of such certificates of deposit in excess of the amount insured by the Federal Deposit Insurance Corporation shall be secured by direct obligations of this state or the United States which are of a par value equal to that portion of such certificates of deposit which would be uninsured.

(b) This Code section shall not impair the power of a municipality, county, school district, or other local governmental unit or political subdivision to hold funds in deposit accounts with banking institutions as otherwise authorized by law.

## History

Ga. L. 1964, p. 741, § 1; Ga. L. 1973, p. 1192, § 1.

## Law Reviews

For article discussing tax-exempt financing in Georgia, see 18 Ga. St. B.J. 20 (1981).