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Official Code of Georgia Annotated

Title 50. STATE GOVERNMENT · Chapter 17. STATE DEBT, INVESTMENT, AND DEPOSITORIES · Article 3. STATE DEPOSITORIES

50-17-62. Funds to be held by depositories.

Active

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

  1. State depositories shall hold:

  2. (1)

    All funds deposited with them as time deposits for and on account of the state in accordance with such time deposit agreements as from time to time may be entered into between the depositories and the board pursuant to Code Section 50-17-52, which agreements shall not be inconsistent with the statutes of the United States and regulations made pursuant thereto governing interest-bearing time deposits; and#

  3. (2)

    All other funds received by them for and on account of the state, subject to the check or order of the state treasurer or the officer or employee charged with the custody of any particular bank account.#

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. 1878-79, p. 88, § 5; Code 1882, § 943e; Civil Code 1895, § 992; Civil Code 1910, § 1259; Code 1933, § 100-111; Ga. L. 1960, p. 1144, § 3; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, §§ 3, 4/SB 296.

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 t50-ch13-40-(v38a)-2021-pdf.pdf, Volume V38A, 2021 edition, page 283; merge action: carried; file SHA-256 1cacff3315fb.

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O.C.G.A. § 50-17-62. Funds to be held by depositories. | Georgia Commons