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Official Code of Georgia Annotated

Title 20. EDUCATION · Chapter 3. POSTSECONDARY EDUCATION · Article 6. PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY

20-3-211. Disposition of moneys received by authority.

Active

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

  1. (a)

    All moneys received by the authority pursuant to this article, whether as grants or other contributions or as revenues, rents, or earnings, shall be held and applied to the expenses, outstanding bond obligations, and other obligations of the authority.#

  2. (b)

    In the event this authority shall be dissolved, all authority money remaining after the payment of the authority’s obligations or provisions for payment thereof shall accrue to the state.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1978, p. 1765, § 13; Ga. L. 1981, p. 1331, § 5; Ga. L. 1987, p. 353, § 2; repealed by Ga. L. 2019, p. 919, § 7-1/HB 553, effective July 1, 2019; reenacted by Ga. L. 2024, p. 120, § 3-1/HB 985, effective June 30, 2024.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t20-ch3-18-(v17a)-2025-pdf.pdf, Volume V17A, 2025 edition, page 143; merge action: bound only; file SHA-256 4560a0cef806.