Georgia § 50-5-14 - Authorization for Workers' Compensation Trust Fund to retain moneys as reserve; procedures for use of investment moneys.
Full text of Georgia Official Code of Georgia Annotated § 50-5-14 — Authorization for Workers' Compensation Trust Fund to retain moneys as reserve; procedures for use of investment moneys., with citation guidance and answers to common questions.
§ 50-5-14. Authorization for Workers' Compensation Trust Fund to retain moneys as reserve; procedures for use of investment moneys.
In order to finance the continuing liability established with other agencies of state government, the Workers' Compensation Trust Fund is authorized to retain all moneys paid into the fund as premiums on policies of insurance and all moneys received as interest and all moneys received from other sources as a reserve for the payment of such liability and the expenses necessary to the proper conduct of such insurance program administered by the fund. Any amounts held by the Workers' Compensation Trust Fund which are available for investment shall be paid over to the Office of the State Treasurer. The state treasurer shall deposit such funds in a trust account for credit only to the Workers' Compensation Trust Fund. The state treasurer shall invest such funds subject to the limitations of Code Section 50-5A-7 and Chapter 17 of this title. All income derived from such investments shall accrue to the Workers' Compensation Trust Fund. When moneys are paid over to the Office of the State Treasurer, as provided in this Code section, the commissioner shall submit an estimate of the date such funds shall no longer be available for investment. When the commissioner wishes to withdraw funds from the trust account provided for in this Code section, he or she shall submit a request for such withdrawal, in writing, to the state treasurer. (Ga. L. 1972, p. 350, § 1; Ga. L. 2000, p. 1474, § 8; Ga. L. 2010, p. 863, §§ 2, 3/SB 296.)
Frequently Asked Questions About Georgia § 50-5-14
What does Official Code of Georgia Annotated § 50-5-14 cover?
Section 50-5-14 ("Authorization for Workers' Compensation Trust Fund to retain moneys as reserve; procedures for use of investment moneys.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 50-5-14?
A common citation format is "Official Code of Georgia Annotated § 50-5-14" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 50-5-14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.