Georgia § 15-21A-5 - Retention of funds by authority; remittance to general fund of state treasury; accumulation of interest.
Full text of Georgia Official Code of Georgia Annotated § 15-21A-5 — Retention of funds by authority; remittance to general fund of state treasury; accumulation of interest., with citation guidance and answers to common questions.
§ 15-21A-5. Retention of funds by authority; remittance to general fund of state treasury; accumulation of interest.
The authority shall be entitled to retain from the funds received by the authority under Code Sections 15-21A-3 and 15-21A-6 an amount equal to 1 percent of such funds, but in no event more than $500,000.00 per fiscal year, to reimburse the authority for its costs in administering this chapter. The net proceeds, after deduction of such administrative costs, from the funds received by the authority under Code Section 15-21A-3 shall be remitted by the authority as follows: The net proceeds received pursuant to paragraph (1) of subsection (b) of Code Section 15-21A-3 shall be remitted to the general fund of the state treasury; The net proceeds received pursuant to paragraph (2) of subsection (b) of Code Section 15-21A-3 shall be remitted to the general fund of the state treasury; The net proceeds received pursuant to paragraph (3) of subsection (b) of Code Section 15-21A-3 shall be remitted to the Georgia Crime Victims Compensation Board to be deposited into the Georgia Crime Victims Emergency Fund; The net proceeds received pursuant to paragraph (4) of subsection (b) of Code Section 15-21A-3 shall be remitted to the Brain and Spinal Injury Trust Fund Commission for deposit into the Brain and Spinal Injury Trust Fund; The net proceeds received pursuant to paragraph (5) of subsection (b) of Code Section 15-21A-3 shall be remitted to the general fund of the state treasury; and The net proceeds received pursuant to paragraph (6) of subsection (b) of Code Section 15-21A-3 shall be remitted pursuant to Code Section 15-21-132 for local victim assistance. The net proceeds received pursuant to Code Section 15-21A-6 shall be remitted to the general fund of the state treasury. Any interest earned on funds subject to this chapter while in the custody of the authority shall be remitted to the general fund of the state treasury. (Code 1981, § 15-21A-5 , enacted by Ga. L. 2004, Ex. Sess., p. ES3, § 10/HB 1EX; Ga. L. 2005, p. 60, § 15/HB 95.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 15-21A-5
What does Official Code of Georgia Annotated § 15-21A-5 cover?
Section 15-21A-5 ("Retention of funds by authority; remittance to general fund of state treasury; accumulation of interest.") 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 § 15-21A-5?
A common citation format is "Official Code of Georgia Annotated § 15-21A-5" (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 § 15-21A-5 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.