Georgia Statutes
§ 50-17-52 — Contracts for interest on deposits; authority to remove deposits
Georgia·Title 50
The board shall make with depositories the most advantageous contracts for interest to be paid by them to the state for the use of the state's money which may be deposited therein, as provided by this article. In so doing, the board may authorize the state treasurer to negotiate with depositories explicit fees in payment for the state's banking services. Such fees shall be paid by the state treasurer from interest earned and shall be subject to the board's approval. In the event any depository so named shall refuse to make a satisfactory contract with the board as to interest to be paid and fees to be charged, it shall have authority to remove state funds from such depository.
Free access — add to your briefcase to read the full text and ask questions with AI
Georgia § 50-17-52 (Contracts for interest on deposits; authority to remove deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by 2010 Ga. Laws 621,§ 4, eff. 7/1/2010.
Nearby Sections
15
§ 50-1-1
Agency mailing lists; updating; restriction on mailing materials to officials no longer in office§ 50-1-3
Poet laureate§ 50-1-4
Employment position to remain open upon granting of involuntary separation benefits by state agency§ 50-1-9
Replacement of state licenses, identification cards, and other documents after natural disaster§ 50-10-1
Short title§ 50-10-10
Liberal construction