I'm a salary paid employee with a lovely management title but with only one employee in my department. Our company hand book states that if you work 4 to 6.75 hours of overtime you will get 1 day of comp time for salary based employees. There is nothing stating if that is after an 8 hour day or 12 hour day or ? The company controller gave me a break down of the time I had used and what I had left after I returned to work from a medical leave. At that time I had a number of days of comp and unused vaction still to take before the end of the year. All comp time was being figured at 8 hours now I find out that the owner has detremed that comp time will be based on a 11 hour day which now puts me in the hole. What, if any, are the GA laws regarding this matter? Can the company legaly try and take pay back for the negative days they now say I have?

If you are legitimately classified as an exempt employee, any "comp time" the company offers you is purely up to the company. It is neither required nor prohibited by law.

If, however, you are a non-exempt employee, you are supposed to be paid for all hours worked and time and a half for any hours over 40 in a work week. Comp time is not allowed for non-exempt employees in the private sector.

Are there laws regulating who can/can not be put on a salary base pay? Do you have to be a Manager/Supervisor over a certain number of employee's?

Whether or not you should be paid overtime is based on whether is exempt or not exempt from the overtime provisions of the Fair Labor Standards Act. http://www.dol.gov/esa/whd/flsa/ . You don't have to manage a certain number of employees to be exempt -- it's based on your job duties. (I have no direct reports and am exempt.)