Refunding Funds Not Appropriated or Determined Void or Ineligible

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Moneys transferred to the trust fund and interest earned thereon which have not been appropriated by the end of the fiscal year or which have been appropriated but have been determined to be:

  1. Void because of having been appropriated in violation of Code Section 31-8-156;
  2. Ineligible for anticipated federal matching funds;
  3. Subject to return pursuant to any rule promulgated under Code Section 31-8-155; or
  4. Void because of violation of the terms of a contract, agreement, or other instrument executed pursuant to subsection (c) of Code Section 31-8-155

    shall be returned to the trust fund and refunded pro rata to the entities responsible for transfer. The refund shall be made by the state treasurer no less than 30 days following the end of the fiscal year or such a determination by the department, as applicable.

(Code 1981, §31-8-158, enacted by Ga. L. 1993, p. 1014, § 1; Ga. L. 2010, p. 863, § 3/SB 296.)

Editor's notes.

- Ga. L. 1993, p. 1014, § 1, effective April 13, 1993, renumbered former Code Section 31-8-158 as present Code Section 31-8-159.


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