Georgia § 32-10-126 - Earnings; establishment of accounts and subaccounts; commingling of funds.
Full text of Georgia Official Code of Georgia Annotated § 32-10-126 — Earnings; establishment of accounts and subaccounts; commingling of funds., with citation guidance and answers to common questions.
§ 32-10-126. Earnings; establishment of accounts and subaccounts; commingling of funds.
Earnings on balances in the federal accounts must be credited and invested according to federal law. Earnings on state and local accounts must be credited to the state and local roadway account or state and local nonroadway account that generates the earnings. The bank may establish accounts and subaccounts within the state and local accounts and federal accounts as considered desirable to effectuate the purposes of this part, or to meet the requirements of any state or federal programs. For necessary and convenient administration of the bank, the board shall establish federal and state and local accounts and subaccounts within the bank necessary to meet any applicable federal law requirements or as the bank shall determine necessary or desirable in order to implement the provisions of this part. The bank shall comply with all applicable federal laws and regulations prohibiting the commingling of certain federal funds deposited in the bank. (Code 1981, § 32-10-126 , enacted by Ga. L. 2008, p. 73, § 2/HB 1019.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 32-10-126
What does Official Code of Georgia Annotated § 32-10-126 cover?
Section 32-10-126 ("Earnings; establishment of accounts and subaccounts; commingling of funds.") 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 § 32-10-126?
A common citation format is "Official Code of Georgia Annotated § 32-10-126" (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 § 32-10-126 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.