---
title: O.C.G.A. § 45-8-11. Deposit of funds in banks or depositories — Authority of officers holding public funds to determine amounts to be deposited; waiver of requirement for depository to give security.
collection: code
id: 45-8-11
cite_as: O.C.G.A. § 45-8-11 (2025)
canonical_url: https://georgiacommons.org/code/45-8-11
md_url: https://georgiacommons.org/code/45-8-11.md
text_url: https://georgiacommons.org/code/45-8-11/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=167
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/45-8.md
previous: https://georgiacommons.org/code/45-8-10.md
next: https://georgiacommons.org/code/45-8-12.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 / ACCOUNTING FOR PUBLIC FUNDS
---

# O.C.G.A. § 45-8-11. Deposit of funds in banks or depositories — Authority of officers holding public funds to determine amounts to be deposited; waiver of requirement for depository to give security.

(a) Every collecting officer and officer holding public funds shall be authorized to determine, from time to time, in respect to all public funds held by such officer, any and all of the following:

(1) The maximum amount of public money which may be deposited in a particular depository;

(2) The maximum and minimum proportion of public funds which may be maintained in a particular depository; and

(3) The amount of public funds to be deposited in particular depositories as time deposits and the periods of such deposits.

(b) All depositories shall give security for deposits of public funds. However, a collecting officer or officer holding public funds may, in his discretion, waive the requirement for security in the case of operating funds placed in demand deposit checking accounts.

(c) This Code section shall not apply to collecting officers and officers holding public funds pursuant to Article 3 of Chapter 17 of Title 50, relating to state depositories.

## History

Code 1933, § 89-810.2, enacted by Ga. L. 1980, p. 969, § 1.