---
title: O.C.G.A. § 20-3-238. Accounting system.
collection: code
id: 20-3-238
cite_as: O.C.G.A. § 20-3-238 (2025)
canonical_url: https://georgiacommons.org/code/20-3-238
md_url: https://georgiacommons.org/code/20-3-238.md
text_url: https://georgiacommons.org/code/20-3-238/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=156
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/20-3-237.md
next: https://georgiacommons.org/code/20-3-239.md
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 / SCHOLARSHIPS, LOANS, AND GRANTS / GEORGIA STUDENT FINANCE COMMISSION
---

# O.C.G.A. § 20-3-238. Accounting system.

The commission shall maintain a system of accounts in accordance with generally acceptable accounting procedures and standard accounting procedures and systems established by the state, where applicable, which shall, among other things, properly identify and account for all funds received by the commission from the authority; the source of receipt of such funds by the authority; all expenditures of the commission made for or on behalf of the authority; all expenditures of the commission, a pro rata part of which is properly chargeable as an expenditure made for or on behalf of the authority; and the basis or method used by the commission in prorating ratable expenditures of the commission to the authority.

## History

Code 1933, § 32-3108, enacted by Ga. L. 1980, p. 835, § 1; Ga. L. 2024, p. 120, § 2-12/HB 985, effective June 30, 2024.

## Amendments

The 2024 amendment, effective June 30, 2024, substituted “from the authority;” for “from the corporation and from the authority, respectively;”, substituted “by the authority;” for “by the corporation and by the authority, respectively;”, substituted “the authority;” for “the corporation or the authority, respectively;” twice, and substituted “to the authority” for “to the corporation and to the authority, respectively” at the end of the first sentence, and deleted the former second sentence, which read: “No agency fund moneys received by the commission from the corporation shall be expended by the commission in payment of expenses incurred for or on behalf of the authority.”