GA - GAC
Rules and Regulations of the State of Georgia
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Subject 42-1-3 FUNDS AND EXPENSES

Rule 42-1-3-.01 Funds

(1) The Commission is authorized, and it will be its duty to receive, collect, and disperse the funds of the Commission.
(2) Funds received by the Commission must be held in trust for the Commission. Such funds must be deposited, accounted for, and disbursed in the same manner as that of the funds of this state but will not be required to be deposited in and appropriated from the state treasury.
(3) Any persons who handle funds on behalf of the Commission must be bonded with good and sufficient surety in an amount determined by the Commission for the accounting of such funds.
(4) All checks, drafts, and negotiable instruments which are drawn on or payable from the funds of the Commission must be signed by the chairperson of the Commission.

Rule 42-1-3-.02 Administrative Expense Exclusions

The following are administrative expenses excluded from the percentage restrictions:

(1) Marketing order program and project costs;
(2) Referendum costs;
(3) Costs to compel compliance with an assessment;
(4) Determination and imposition of late payment charges;
(5) Management of investment of funds pending disbursement; and
(6) Start-up costs.