§ 2-324. Investments in predatory lenders and affiliates.

Latest version.

(a)

No monies or funds held under any provision of any pension or retirement provisions shall hereinafter be invested in the stocks, securities, or other obligations of any business entity that is a high cost lender or a predatory lender or that is an affiliate of any business entity that is a high cost lender or a predatory lender as defined by section 58-102 of the City of Atlanta Code of Ordinances.

(b)

No monies or funds held under any provision of any pension or retirement provisions shall hereinafter be invested in the securities collateralized by any interest in loans originating or purchased by any business entity that is a high cost lender or a predatory lender or that is an affiliate of any business entity that is a high cost lender or a predatory lender as defined in section 58-102 of the City of Atlanta Code of Ordinances.

(Ord. No. 2001-71, § 3, 9-25-01)

                    
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