§ 6-398. Exclusive benefit.  


Latest version.
  • At no time prior to the satisfaction of all liabilities with respect to officers and employees participating under the provisions of this Act, 1924 Ga. Laws, page 167, as amended, and their beneficiaries shall any part of the corpus or income of the fund established under this Act be used for, or diverted to, purposes other than for the exclusive benefit of such officers, employees and beneficiaries, except that a contribution by an employer to the fund established under this Act made under a mistake of fact may be returned to such employer within one year after the payment of the contribution.

    (Ord. No. 2004-84, § II(9), 11-16-04; Ord. No. 2004-88, § 9, 12-10-04)

    Note— Section 11 of Ord. No. 2004-88 provided for an effective date for this section of Jan. 1, 1997.