---
title: O.C.G.A. § 47-20-82. Investing funds; eligibility; investment limitation.
collection: code
id: 47-20-82
cite_as: O.C.G.A. § 47-20-82 (2025)
canonical_url: https://georgiacommons.org/code/47-20-82
md_url: https://georgiacommons.org/code/47-20-82.md
text_url: https://georgiacommons.org/code/47-20-82/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t47-(v35)-pdf.pdf?sfvrsn=9ec6d528_0#page=205
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.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: RETIREMENT AND PENSIONS / PUBLIC RETIREMENT SYSTEMS STANDARDS / PUBLIC RETIREMENT SYSTEMS INVESTMENT AUTHORITY LAW
---

# O.C.G.A. § 47-20-82. Investing funds; eligibility; investment limitation.

(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.

## 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Code Section 47-7-127, referred to in subsection (c), was repealed by Ga.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.

## Amendments

The 2012 amendment, effective July 1, 2012, added the last sentence to subsection (c).