Georgia § 45-20-55 Reimbursement of cost of making deductions and remitting proceeds; delegation of activities related to management of funds

Georgia Statutes

§ 45-20-55 — Reimbursement of cost of making deductions and remitting proceeds; delegation of activities related to management of funds

Georgia § 45-20-55

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This text of Georgia § 45-20-55 (Reimbursement of cost of making deductions and remitting proceeds; delegation of activities related to management of funds) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 45-20-55 (2026).

Text

The state shall be reimbursed by participating charitable organizations, in direct proportion to their receipts, for its additional direct cost of making deductions and remitting the proceeds. To minimize time and administrative expense, activities related to the management of the funds such as preparation of materials, solicitor training, fiscal agent duties, and similar activities may be delegated by the board to a participating party.

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The state shall be reimbursed by participating charitable organizations, in direct proportion to their receipts, for its additional direct cost of making deductions and remitting the proceeds. To minimize time and administrative expense, activities related to the management of the funds such as preparation of materials, solicitor training, fiscal agent duties, and similar activities may be delegated by the board to a participating party.