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Statutes > Georgia Statutes > TITLE 47 - RETIREMENT AND PENSIONS > CHAPTER 5 - GEORGIA MUNICIPAL EMPLOYEES BENEFIT SYSTEM > ARTICLE 2 - ADMINISTRATION AND MANAGEMENT OF THE ASSETS OF THE BENEFIT SYSTEM

ARTICLE 2 - ADMINISTRATION AND MANAGEMENT OF THE ASSETS OF THE BENEFIT SYSTEM

  • § 47-5-20 - Creation of board of trustees
  • § 47-5-21 - Membership of board
  • § 47-5-22 - Officers of the board of trustees; election; merger of offices of secretary and treasurer; compensation of the secretary and treasurer; treasurer's performance bond
  • § 47-5-23 - Powers of the board of trustees generally
  • § 47-5-24 - Powers of board with regard to funds held by it
  • § 47-5-25 - Valuation of assets of the retirement system
  • § 47-5-26 - Duty of board of trustees to file an annual financial report with each member employer; filing of objections to transactions shown in such report
  • § 47-5-27 - Payment of administrative expenses of the board of trustees; allocation of expenses among member municipalities
  • § 47-5-28 - Accounts for participating employees, member employers, and as otherwise required; authorization of funds; commingling restriction
  • § 47-5-29 - Periodic determination of principal and income of the funds; periodic merger of principal and income; method for determination of principal value of each unit of funds
  • § 47-5-30 - Periodic audit of the accounts of the board of trustees; contents and availability of report of such audit; standard of care in conduct of the audit and liability of auditors




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