---
title: O.C.G.A. § 20-3-340. Legislative findings; purpose of subpart.
collection: code
id: 20-3-340
cite_as: O.C.G.A. § 20-3-340 (2025)
canonical_url: https://georgiacommons.org/code/20-3-340
md_url: https://georgiacommons.org/code/20-3-340.md
text_url: https://georgiacommons.org/code/20-3-340/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=218
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/20-3-329.md
next: https://georgiacommons.org/code/20-3-341.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 AUTHORITY / Educational Loans Financed by Revenue Bonds
---

# O.C.G.A. § 20-3-340. Legislative findings; purpose of subpart.

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.

## 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.