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Official Code of Georgia Annotated

Title 47. RETIREMENT AND PENSIONS · Chapter 17. PEACE OFFICERS’ ANNUITY AND BENEFIT FUND · Article 2. ADMINISTRATION AND MANAGEMENT OF THE ASSETS OF THE FUND

47-17-21. Creation of the office of executive director; duties and compensation; quarterly report and accounting to the board; performance bond.

Active

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

  1. (a)

    There is created the office of executive director of the Peace Officers’ Annuity and Benefit Fund. The executive director shall be elected by the board, shall serve at its pleasure, and shall perform the duties provided for in this chapter and such other duties and services as the board may direct. The board shall fix the compensation of the executive director.#

  2. (b)

    The executive director shall give a good and sufficient surety bond in such an amount as may be determined by the board, and such surety bond shall be conditioned upon the proper and faithful performance of the duties of the executive director.#

  3. (c)

    Subject to direction and limitations as may be set by the board, the executive director shall be authorized to enter into agreements for the acquisition of goods and services for the fund.#

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

Ga. L. 1950, p. 50, § 3; Ga. L. 1956, p. 280, § 2; Ga. L. 2024, p. 623, § 1/SB 328, effective July 1, 2024.

Amendments

The 2024 amendment, effective July 1, 2024, substituted “executive director” for “secretary-treasurer” in subsections (a) and (b); in subsection (a), in the second sentence, substituted “board,” for “board and” and substituted “, and” for “. His compensation shall be fixed by the board. He” and added the last sentence; substituted “the duties of the” for “his duties as” near the end of subsection (b); and rewrote subsection (c), which read: “The secretary-treasurer shall make quarterly reports to the board showing the total amount of money in his hands at the time of making such report and also showing a full accounting of receipts and expenditures since his last quarterly report.”

Read the official page (the state's PDF, opened at the page this text was read from).

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

Text read from t47-(v35)-pdf.pdf, Volume V35, 2010 edition, 2025 supplement, page 168; merge action: replaced; file SHA-256 b2fa8236f7f1.