Georgia CommonsTitle 47. RETIREMENT AND PENSIONS · Chapter 20. PUBLIC RETIREMENT SYSTEMS STANDARDS · Article 7. PUBLIC RETIREMENT SYSTEMS INVESTMENT AUTHORITY LAW
47-20-82. Investing funds; eligibility; investment limitation.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
- (a)
Funds shall invest in or lend their assets on the security of, and shall hold as invested assets, only eligible investments as prescribed in this article.#
- (b)
Eligibility of an investment shall be determined as of the date of its making or acquisition.#
- (c)
Any investment limitation based upon the amount of the fund’s assets shall relate to such assets on the basis of the assets’ aggregate historical cost. For purposes of any investment made in alternative investments pursuant to Code Section 47-7-127 or 47-20-87, aggregate historical cost shall include all contractually committed, unpaid amounts.#
History
Code 1981, § 47-20-82, enacted by Ga. L. 2000, p. 2, § 2; Ga. L. 2012, p. 211, § 2/SB 402.
Amendments
The 2012 amendment, effective July 1, 2012, added the last sentence to subsection (c).
Editor's notes
Ga. L. 2012, p. 211, § 1/SB 402, not codified by the General Assembly, provides that: “This Act shall be known and may be cited as the ‘Employees’ Retirement System of Georgia Enhanced Investment Authority Act.’”. Code Section 47-7-127, referred to in subsection (c), was repealed by Ga. L. 2022, p. 287, § 1/HB 1056, effective May 2, 2022.
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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 205; merge action: replaced; file SHA-256 b2fa8236f7f1.
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