---
title: O.C.G.A. § 20-3-211. Disposition of moneys received by authority.
collection: code
id: 20-3-211
cite_as: O.C.G.A. § 20-3-211 (2025)
canonical_url: https://georgiacommons.org/code/20-3-211
md_url: https://georgiacommons.org/code/20-3-211.md
text_url: https://georgiacommons.org/code/20-3-211/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=143
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/20-3.md
previous: https://georgiacommons.org/code/20-3-210.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: EDUCATION / POSTSECONDARY EDUCATION / PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY
---

# O.C.G.A. § 20-3-211. Disposition of moneys received by authority.

(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.

(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.

## 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 L. 1987, p. 353, § 2; repealed by Ga.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.