§ 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 […]
§ 47-20-85. 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, § […]
§ 47-20-34. 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 […]
§ 47-20-36. Scope of Actuarial Investigation; Certificate and Summary of Investigation Attached to Bill
If an actuarial investigation of a retirement bill having a fiscal impact is requested under Code Section 47-20-35, it shall be the duty of the state auditor to complete or cause to be completed such actuarial investigation by not later than November 1 of the same year during which the request for the actuarial investigation […]
§ 47-20-37. Consideration of Bill on the Floor; Approval of Amendments by State Auditor; Effect of Passing Bill in Violation of This Article
When a retirement bill having a fiscal impact has had an actuarial investigation pursuant to Code Section 47-20-36, the bill may be considered at the next regular session of the General Assembly. If the bill as originally introduced was not changed by the committee and the original version was submitted to the state auditor for […]
§ 47-20-50. Effective Date of Enacted Retirement Bill With Fiscal Impact; Unfunded Enacted Bills; Requirements for Retirement Bills Having Fiscal Impact
Any retirement bill having a fiscal impact which is enacted by the General Assembly and which is approved by the Governor or which otherwise becomes law shall become effective on the first day of July immediately following the regular session during which it was enacted, but only if the enacted bill is concurrently funded as […]
§ 47-20-50.1. Report of Funding of Retirement Bills Having a Fiscal Impact; Publication
Following the close of each regular legislative session during which retirement bills having a fiscal impact may be enacted, the state auditor shall make a determination for each such bill enacted during such session, which is not vetoed by the Governor, of whether or not provision has been made for the concurrent funding of the […]
§ 47-20-51. Accrued Retirement Benefits Are Not Created, Enhanced, or Diminished by This Chapter
No provision of this chapter generally and no provision of Code Section 47-20-50 in particular shall: Create or be construed to create a contractual right to a retirement benefit or a contractual right in the provisions of a retirement system law which does not exist independently of the provisions of this chapter; and Impair, alter, […]