§ 47-20-85. Compliance
Notwithstanding any provision of the federal Secondary Mortgage Market Enhancement Act, 15 U.S.C. Section 77r-1, to the contrary, any fund subject to the provisions of this article shall comply with all provisions, restrictions, and limitations concerning investments provided in this article. History. Code 1981, § 47-20-85 , enacted by Ga. L. 2000, p. 2, § […]
§ 47-20-86. Enforcement
This article shall be enforced as provided in Article 3 of this chapter. History. Code 1981, § 47-20-86 , enacted by Ga. L. 2000, p. 2, § 2.
§ 47-20-87. Definitions; Eligible Large Retirement Systems Authorized to Invest in Certain Alternative Investments; Applicability
As used in this Code section, the term: “Alternative investments” means the following investments: Privately placed investment pools, including, without limitation, private investment funds, such as: Leveraged buyout funds; Mezzanine funds; Workout funds; Debt funds; Venture capital funds; Merchant banking funds; and Funds of funds and secondary funds that include investments in privately placed investment […]
§ 47-20-31. Retirement Bills Must Carry Legislative Counsel Number When Introduced; Changes in Bills Prior to Introduction
No retirement bill may be introduced by any member of the General Assembly unless, at the time of its introduction, the bill has printed thereon in the upper right portion of each page of the bill an LC number. Once a retirement bill is presented by the Office of Legislative Counsel to a member of […]
§ 47-20-83. Certificated or Uncertificated Forms of Investment; Real Estate Investments
Subject to limitations stated in this article, funds may invest in the following in certificated or uncertificated form: Corporations or obligations of corporations organized under the laws of this state or any other state or under the laws of Canada, but only if the corporation has a market capitalization equivalent to $100 million; provided, however, […]
§ 47-20-32. Prerequisites to Introduction of Nonfiscal Retirement Bill
As a condition precedent to the introduction of any retirement bill, the member of the General Assembly who intends to be the primary sponsor of the bill must present an exact copy of the proposed bill, which must bear an LC number, to the state auditor. The state auditor shall determine whether the proposed bill […]
§ 47-20-84. Large Retirement Systems
As used in this Code section, the term “large retirement system” means: Any retirement system created by this title which has an accumulated unfunded actuarial accrued liability not greater than 25 percent of the total of its assets; The Georgia Municipal Employees Benefit System created by Chapter 5 of this title; Any association of like […]
§ 47-20-33. Amendment of a Nonfiscal Retirement Bill
A nonfiscal retirement bill may be introduced at any time during the first 20 days of any regular session of the General Assembly. After its introduction into the General Assembly, a nonfiscal retirement bill may not be amended in any manner to cause the bill to become a retirement bill having a fiscal impact. Any […]
§ 47-20-34. Introduction of Bill and Preliminary Consideration by Committee
Any retirement bill having a fiscal impact may be introduced in the General Assembly only during the regular session which is held during the first year of the term of office of members of the General Assembly. Any such retirement bill may be passed by the General Assembly only during the regular session which is […]
§ 47-20-35. Perfection of Bill by Committee; Actuarial Investigation
A retirement bill having a fiscal impact which the committee wishes to consider shall first be perfected, if necessary, by the committee. The committee may delay further consideration of the bill until after the close of the regular session during which the bill was introduced, but the committee shall complete its consideration of the bill […]