Georgia § 47-20-82 Investing funds; eligibility; investment limitation

Georgia Statutes

§ 47-20-82 — Investing funds; eligibility; investment limitation

Georgia § 47-20-82

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This text of Georgia § 47-20-82 (Investing funds; eligibility; investment limitation) 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. § 47-20-82 (2026).

Text

(a)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.

(b)Eligibility of an investment shall be determined as of the date of its making or acquisition.

(c)Any investment limitation based upon the amount of the fund's assets shall relate to such assets on the basis of the assets' aggregate historical cost. For purposes of any investment made in alternative investments pursuant to Code Section 47-7-127 or 47-20-87 , aggregate historical cost shall include all contractually committed, unpaid amounts.

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(a) 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. (b) Eligibility of an investment shall be determined as of the date of its making or acquisition. (c) Any investment limitation based upon the amount of the fund's assets shall relate to such assets on the basis of the assets' aggregate historical cost. For purposes of any investment made in alternative investments pursuant to Code Section 47-7-127 or 47-20-87 , aggregate historical cost shall include all contractually committed, unpaid amounts.