RESOLVED, that the members of the Board of Trustees, the officers, officials, employees and/or legal advisors of the Teachers Retirement System of Georgia be indemnified against and are held to be immune from personal liability for damages arising out of their duties or in any way connected therewith under a sound program of self-insurance utilizing funds available to the retirement system under the authority contained in Act Number 638, pages 1051-53, 1977 Acts approved March 30, 1977. This resolution shall authorize the expenditure of funds for the payment of such liabilities as may occur out of claims against such Board members, officers, officials, employees or legal advisors of said Teachers Retirement System of Georgia. Such indemnity shall not extend to criminal acts committed by such members of the Board or Trustees, officers, officials, employees and/or legal advisors of said Teachers Retirement System of Georgia.
Ga. Comp. R. & Regs. R. 513-5-1-.23
O.C.G.A. Sec. 47-3-26.