07 LC 21
9281
House
Bill 449
By:
Representatives Bridges of the
10th
and Maxwell of the
17th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 47-1-30 of the Official Code of Georgia Annotated, relating
to the authority to increase retirement benefits, so as to provide that such
authority shall terminate on July 1, 2007; to repeal conflicting laws; and for
other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 47-1-30 of the Official Code of Georgia Annotated, relating to the
authority to increase retirement benefits, is amended by revising subsection (c)
as follows:
"(c)
The
provisions of this Code section are in addition to any powers possessed by a
board of trustees pursuant to the provisions of any other
law.
The authority
to increase benefits pursuant to this article shall terminate on July 1, 2007,
and no such increase shall be granted on or after such
date."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.