Official Code of Georgia Annotated

Title 45. PUBLIC OFFICERS AND EMPLOYEES · Chapter 9. INSURING AND INDEMNIFICATION OF PUBLIC OFFICERS AND EMPLOYEES · Article 4A. INDEMNIFICATION OF PUBLIC SCHOOL TEACHERS AND EMPLOYEES

45-9-75. Georgia Public School Personnel Indemnification Fund — Creation; general provisions.

Active

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

There is created a fund to be known as the Georgia Public School Personnel Indemnification Fund. The custodian of the Georgia Public School Personnel Indemnification Fund shall be the Department of Administrative Services. The Department of Administrative Services shall administer the Georgia Public School Personnel Indemnification Fund and may invest the resources of the fund in the same manner and fashion that an insurer authorized to issue contracts of life insurance is authorized to invest its resources. The Department of Administrative Services shall be further authorized to intermingle the resources of the Georgia Public School Personnel Indemnification Fund with the resources of any other funds or accounts which have similar restrictions on the investments which may be made with such funds; provided, however, that separate bookkeeping accounts on each such fund shall be maintained.

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.

History

Code 1981, § 45-9-75, enacted by Ga. L. 2000, p. 768, § 2.

Code Commission notes

Pursuant to Code Section 28-9-5, in 2000, Code Section 45-9-105, as enacted by Ga. L. 2000, p. 768, § 2, was redesignated as Code Section 45-9-75.

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

Text read from t45-(v33)-2016-pdf.pdf, Volume V33, 2016 edition, page 207; merge action: carried; file SHA-256 7dfce9a0fd88.