---
title: O.C.G.A. § 47-21-24. Administration of fund.
collection: code
id: 47-21-24
cite_as: O.C.G.A. § 47-21-24 (2025)
canonical_url: https://georgiacommons.org/code/47-21-24
md_url: https://georgiacommons.org/code/47-21-24.md
text_url: https://georgiacommons.org/code/47-21-24/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t47-(v35)-2010-pdf.pdf?sfvrsn=7d4bbd90_0#page=684
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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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: RETIREMENT AND PENSIONS / REGENTS RETIREMENT PLAN / REGENTS RETIREMENT HEALTH BENEFIT FUND
---

# O.C.G.A. § 47-21-24. Administration of fund.

(a) The board shall have control over the fund established by this article. The provisions provided for in this article and all administrative expenses shall be paid from the fund. The board may expend moneys from the fund for any purpose authorized by this article.

(b) The board shall have full power to invest and reinvest its assets, subject to all of the terms, conditions, limitations, and restrictions imposed by Article 7 of Chapter 20 of Title 47, the ‘‘Public Retirement Systems Investment Authority Law.’’ Subject to such terms, conditions, limitations, and restrictions, the board shall have full power to hold, purchase, sell, assign, transfer, and dispose of any securities and investments in which any of the moneys are invested, including the proceeds of any investments and other moneys belonging to the fund.

(c) Except as otherwise provided in this chapter, no member or employee of the board shall have any personal interest in the gains or profits from any investment made by the board or use the assets of the fund in any manner, directly or indirectly, except to make such payments as may be authorized by the board in accordance with this article.

## History

Code 1981, § 47-21-24, enacted by Ga. L. 2007, p. 68, § 3/SB 156.