§ 47-20-80. Short Title

This article shall be known and may be cited as the “Public Retirement Systems Investment Authority Law.” History. Code 1981, § 47-20-80 , enacted by Ga. L. 2000, p. 2, § 2.

§ 47-20-81. Fund Defined; Applicability

As used in this article, the term “fund” means the investment fund of any public retirement system or pension system supported wholly or partially from public funds. Such term shall include any pool of such funds for investment purposes. The provisions of this article shall not apply to political subdivisions which contract with an association […]

§ 47-20-82. Investing Funds; Eligibility; Investment Limitation

Funds shall invest in or lend their assets on the security of, and shall hold as invested assets, only eligible investments as prescribed in this article. Eligibility of an investment shall be determined as of the date of its making or acquisition. Any investment limitation based upon the amount of the fund’s assets shall relate […]

§ 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, […]

§ 47-20-84. 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 […]

§ 47-20-85. 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 […]