---
title: O.C.G.A. § 47-4-27. Power of board to take, hold, and invest any gift, grant, or bequest.
collection: code
id: 47-4-27
cite_as: O.C.G.A. § 47-4-27 (2025)
canonical_url: https://georgiacommons.org/code/47-4-27
md_url: https://georgiacommons.org/code/47-4-27.md
text_url: https://georgiacommons.org/code/47-4-27/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=360
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.
up: https://georgiacommons.org/code/47-4.md
previous: https://georgiacommons.org/code/47-4-26.md
next: https://georgiacommons.org/code/47-4-28.md
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 / PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM / CREATION, ADMINISTRATION, AND MANAGEMENT OF THE ASSETS OF THE RETIREMENT SYSTEM
---

# O.C.G.A. § 47-4-27. Power of board to take, hold, and invest any gift, grant, or bequest.

The board may take any gift, grant, or bequest, any money, any real or personal property, or any other thing of value and hold or invest the same for the uses and purposes of the retirement system, in accordance with this chapter.

## History

Ga. L. 1969, p. 998, § 15.