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Constitution of the State of Georgia

Article VIII. EDUCATION · Article VIII. EDUCATION · Section VII. EDUCATIONAL ASSISTANCE

Art. VIII, Sec. VII, Para. II. Guaranteed revenue debt.

Active

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

A constitution provision shown as in force is in force as printed in the volume. A court decision can make a printed provision unenforceable without changing the volume, and the volume does not record that.

  1. Guaranteed revenue debt may be incurred to provide funds to make loans to students and to parents of students for educational purposes, to purchase loans made to students and to parents of students for educational purposes, or to lend or make deposits of such funds with lenders which shall be secured by loans made to students and to parents of students for educational purposes. Any such debt shall be incurred in accordance with the procedures and requirements of Article VII, Section IV of this Constitution.

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.

Cross references

Georgia Higher Education Assistance Corporation, § 20-3-260 et seq. Creation of Georgia Student Finance Authority, § 20-3-313.

Other notes

1976 Constitution.
Art. X, Sec. II, Para. XIV.
Investable default reserve funds.
The Georgia Higher Education Assistance Corporation may invest default reserve funds consisting of: (1) funds appropriated to the corporation by the State of Georgia; (2) funds allocated to the corporation by the federal government; (3) insurance premiums charged to lenders by the corporation for the guarantee of student loans; and (4) investment income of the corporation resulting from investment of the three foregoing classifications of funds and from reinvestment of prior investment-earned income with federal savings and loan associations and with state-chartered building and loan associations which are insured by the Federal Savings and Loan Insurance Corporation. 1969 Op. Att’y Gen. No. 69-215.

Read the official page (the state's PDF, opened at the page this text was read from).

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

Text read from 2ga-const-(v2)-2016-pdf.pdf, Volume V2, 2016 edition, pages 1304 to 1305; merge action: carried; file SHA-256 1b27199d8655.