Georgia Code, Title 47, Chapter 16, Article 2 - Creation, Administration, and Management of the Assets of the Fund

• § 47-16-20 - Creation of the Fund and the Board of Commissioners
  There is created a retirement fund, to be known as the "Sheriffs' Retirement Fund of Georgia," and a board to administer this fund, to...
• § 47-16-21 - Membership of the Board
  (a) The board shall consist of six members as follows: (1) The state treasurer; (2) One former sheriff who is receiving benefits as a...
• § 47-16-22 - Quorum for Conduct of Business by the Board; Records of Meetings of the Board
  (a) Three members of the board shall constitute a quorum for the conduct of business by the board.(b) The board shall keep records of...
• § 47-16-23 - Compensation and Expenses of Members of the Board
  All members of the board shall serve without pay but shall be reimbursed for actual expenses incurred in attending meetings and performing the duties...
• § 47-16-24 - Creation of the Office of Secretary-Treasurer; Periodic Reports of Moneys in Hand, Receipts, and Expenditures; Performance Bond
  (a) There is created the office of secretary-treasurer of the Board of Commissioners of the Sheriffs' Retirement Fund of Georgia, who shall be elected...
• § 47-16-25 - Powers and Duties of the Board Generally
  (a) The board shall have the power and duty to: (1) Provide for the collection of all moneys; (2) Provide for the payment of...
• § 47-16-26 - Power of Board to Control, Invest, and Expend Funds; Gifts, Grants, or Bequests; Deposit of Funds Received by the Board; Payment of Benefits and Administrative Expenses
  (a) The board shall have control over the funds provided for in this chapter, authority to expend such funds in accordance with this chapter,...
• § 47-16-27 - Duty of Board to Keep Records of Accounts and Operations; Presentation of Annual Financial Statement to Georgia Sheriffs' Association
  (a) The board shall keep accurate permanent records of all persons who qualify to participate in the fund and shall keep accurate permanent records...
• § 47-16-28 - Duty of State Auditor to Make an Annual Audit and Report of the Operations of the Board; Right of State Auditor to Audit the Affairs of the Board; Contents of Annual Report
  The state auditor is authorized and directed to make an annual audit of the operations of the board and to make a complete report...
• § 47-16-29 - Increases in Maximum Monthly Benefit Payable Under Article 6 of This Chapter
  (a) Subject to the terms and limitations of this Code section, the board of commissioners is authorized to adopt from time to time a...

Last modified: October 14, 2016