Georgia CommonsTitle 20. EDUCATION · Chapter 3. POSTSECONDARY EDUCATION · Article 7. SCHOLARSHIPS, LOANS, AND GRANTS · Part 3. GEORGIA STUDENT FINANCE AUTHORITY
20-3-318. Authority administration fund.
Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.
The authority shall maintain an administration fund as provided for in this Code section to which shall be credited state moneys, federal moneys, other moneys, and earned income of the authority available for and determined by the authority to be applied for the purpose of paying administration costs of the authority. The authority is authorized to pay from the fund administration costs incurred by the authority and to pay to the commission such amounts as may be necessary to cover administration costs of the authority paid or to be paid by the commission for or on behalf of the authority.
History
Code 1933, § 32-3709, enacted by Ga. L. 1980, p. 835, § 3; Ga. L. 2024, p. 120, § 2-17/HB 985, effective June 30, 2024.
Amendments
The 2024 amendment, effective June 30, 2024, deleted “for itself and of the corporation” following “fund” in the first sentence and deleted the former last sentence, which read: “Unless otherwise prohibited by state or federal law or by the terms of any trust agreement entered into or resolution providing for the issuance of obligations pursuant to Subpart 2 of this part or by the terms of any other agreement entered into by the authority, the authority is authorized to pay from the fund administration costs incurred by the corporation and pay to the commission such amounts as may be necessary to cover administration costs of the corporation paid or to be paid by the commission for or on behalf of the corporation.”
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 214; merge action: bound only; file SHA-256 4560a0cef806.
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