Official Code of Georgia Annotated

Title 20. EDUCATION · Chapter 3. POSTSECONDARY EDUCATION · Article 7. SCHOLARSHIPS, LOANS, AND GRANTS · Part 3. GEORGIA STUDENT FINANCE AUTHORITY

20-3-340. Legislative findings; purpose of subpart.

Active

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

The General Assembly finds that students and parents are not always able to obtain educational loan assistance from a commercial lender; that a need exists to make additional educational loan funds available to students and parents; and that a need exists to provide for secondary financing and servicing of educational loans made by other lenders. The purpose of the General Assembly, as provided for in this subpart, is to enable the authority to make additional educational loan funds available for students and parents and to make secondary financing and servicing of educational loans available to other commercial lenders.

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

Code 1933, § 32-3726, enacted by Ga. L. 1980, p. 835, § 3; Ga. L. 1981, p. 735, § 35; Ga. L. 2024, p. 120, § 2-19/HB 985, effective June 30, 2024.

Amendments

The 2024 amendment, effective June 30, 2024, in the first sentence, deleted “under the Georgia Higher Education Loan Program provided for in Part 2 of this article” following “lender” in the first clause and deleted “in order to enable such lenders to maintain or expand their participation in the Georgia Higher Education Loan Program” from the end.

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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 218; merge action: bound only; file SHA-256 4560a0cef806.