Official Code of Georgia Annotated

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

20-3-357. Termination or dissolution of authority.

Active

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

Upon termination or dissolution of the authority, all assets, rights, and properties of the authority under the authority of this subpart shall pass to and be vested in the state to be used for educational purposes, subject to the rights of lienholders and other creditors under this subpart; provided, however, that no such termination or dissolution shall take effect so long as the authority shall have bonds or notes outstanding, unless adequate provision has been made for the payment thereof.

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.

Code 1933, § 32-3744, enacted by Ga. L. 1980, p. 835, § 3.

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