---
title: O.C.G.A. § 50-23-10. Bonds of authority approved for investment and deposit by state, local governments, and others.
collection: code
id: 50-23-10
cite_as: O.C.G.A. § 50-23-10 (2025)
canonical_url: https://georgiacommons.org/code/50-23-10
md_url: https://georgiacommons.org/code/50-23-10.md
text_url: https://georgiacommons.org/code/50-23-10/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t50-ch13-40-(v38a)-2021-pdf.pdf?sfvrsn=1209d23f_0#page=503
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: STATE GOVERNMENT / ENVIRONMENTAL FINANCE AUTHORITY / ENVIRONMENTAL FINANCE AUTHORITY / GENERAL PROVISIONS
---

# O.C.G.A. § 50-23-10. Bonds of authority approved for investment and deposit by state, local governments, and others.

The bonds of the authority are made securities in which all public officials and bodies of the state and all municipalities, all insurance companies and associations, and other persons carrying on an insurance business, all banks, bankers, trust companies, savings banks, and savings associations, including savings and loan associations, investment companies and other persons carrying on a banking business, and administrators, guardians, executors, trustees, and other fiduciaries and all other persons whatsoever, who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds including capital in their control or belonging to them. The bonds are also made securities which may be deposited with and may be received by all public officers and bodies of this state and all municipalities for any purposes for which the deposit of bonds or other obligations of this state are now or hereafter may be authorized.

## History

Code 1981, § 50-23-10, enacted by Ga. L. 1986, p. 569, § 1; Ga. L. 1994, p. 1108, § 6.