Georgia Statutes

§ 50-27-12 — Employees; compensation; restrictions; background investigations; bonding

Georgia § 50-27-12

This text of Georgia § 50-27-12 (Employees; compensation; restrictions; background investigations; bonding) 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. § 50-27-12 (2026).

Text

(a)The corporation shall establish and maintain a personnel program for its employees and fix the compensation and terms of compensation of its employees, including, but not limited to, production incentive payments; provided, however, that production incentive payments, bonuses, or any other consideration in addition to an employee's base compensation shall not exceed 25 percent of such employee's base compensation. In total, bonuses shall not exceed 1 percent of the net increase over the prior year's deposit into the Lottery for Education Account. No bonuses may be awarded in years in which there is not a net increase over the prior year's deposit into the Lottery for Education Account.
(b)No employee of the corporation shall have a financial interest in any vendor doing business or pr

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Legislative History

Amended by 2011 Ga. Laws 3,§ 14, eff. 3/15/2011.

Nearby Sections

15
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Bluebook (online)
Georgia § 50-27-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/50-27-12.