---
title: O.C.G.A. § 45-10-24.1. Exemption for transactions by family owned business when university system employee has interest; requirements.
collection: code
id: 45-10-24.1
cite_as: O.C.G.A. § 45-10-24.1 (2025)
canonical_url: https://georgiacommons.org/code/45-10-24.1
md_url: https://georgiacommons.org/code/45-10-24.1.md
text_url: https://georgiacommons.org/code/45-10-24.1/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t45-(v33)-2016-pdf.pdf?sfvrsn=cde47f8a_0#page=253
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.
up: https://georgiacommons.org/code/45-10.md
previous: https://georgiacommons.org/code/45-10-24.md
next: https://georgiacommons.org/code/45-10-25.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: PUBLIC OFFICERS AND EMPLOYEES / CODES OF ETHICS AND CONFLICTS OF INTEREST / CONFLICTS OF INTEREST / GENERAL PROVISIONS
---

# O.C.G.A. § 45-10-24.1. Exemption for transactions by family owned business when university system employee has interest; requirements.

Subsection (a) of Code Section 45-10-23 and paragraph (2) of subsection (a) of Code Section 45-10-24 shall not apply to a transaction with a unit of the University System of Georgia by a family owned business in which an employee of the university system or a member of the employee’s family has an ownership interest where all of the following apply:

(1) The employee or one or more members of the employee’s family or both have an ownership interest in a family owned business, but the employee is not actively engaged in the day-to-day management of the business;

(2) The employee is employed by a department of the unit of the university system in a position below that of department head; and

(3) The transaction is:

(A) With a unit of the university system different than the unit employing the employee; or

(B) With a department of the employing unit of the university system different than the department employing the employee.

## History

Code 1981, § 45-10-24.1, enacted by Ga. L. 2003, p. 516, § 1.