§ 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 […]
§ 47-20-36. 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, […]
§ 47-20-60. State Auditor Authorized to Provide Personnel to Carry Out Duties Under Chapter; Funds Authorized; Cooperation of State Officials, Agencies, and Employees
The state auditor shall be authorized to employ or contract with actuaries and other personnel to carry out the duties assigned to that officer by this chapter. Upon their approval by the Legislative Services Committee, expenses incurred by the state auditor in carrying out such duties shall be paid from funds appropriated or available to […]
§ 47-20-61. Certificates and Summaries of Actuarial Investigations Attached to Enrolled Act
The enrolled Act resulting from a bill which is subject to the legislative procedures provided by this chapter shall have attached thereto the original or a true and correct copy of all certificates and summaries of actuarial investigations submitted by the state auditor pursuant to the requirements of this chapter. History. Code 1981, § 47-20-61 […]