---
title: O.C.G.A. § 20-3-318. Authority administration fund.
collection: code
id: 20-3-318
cite_as: O.C.G.A. § 20-3-318 (2025)
canonical_url: https://georgiacommons.org/code/20-3-318
md_url: https://georgiacommons.org/code/20-3-318.md
text_url: https://georgiacommons.org/code/20-3-318/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=214
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.
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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 AUTHORITY / General Provisions
---

# O.C.G.A. § 20-3-318. Authority administration fund.

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.”