• § 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 under the Georgia...
• § 20-3-341 - Definitions
  As used in this subpart, the term: (1) "School" means a "school" as such term is defined in paragraph (18) of Code Section 20-3-262....
• § 20-3-342 - Educational Loan Program Activities Authorized; Powers and Duties of Authority
  (a) The authority is authorized to be a lender in the Georgia Higher Education Loan Program as provided for in Part 2 of this...
• § 20-3-343 - Credit of State Not Pledged for Payment of Authority Obligations; Revenues and Assets Available for Payment
  Bonds and other obligations issued under this subpart shall not be deemed to constitute a debt, liability, or obligation of the state or a...
• § 20-3-344 - Issuance of Bonds and Notes of Authority; Amount; Interest; Form; Execution; Use of Proceeds; Validation
  (a) The authority is authorized to provide for the issuance of bonds of the authority not to exceed $300 million aggregate principal amount outstanding...
• § 20-3-345 - Trust Agreements Authorized; Provisions of Trust Agreements and Bond Resolutions
  In the discretion of the authority, any obligation issued under this subpart may be secured by a trust agreement by and between the authority...
• § 20-3-346 - Lien of Pledge of Revenues or Assets of Authority
  The pledge of any revenues or assets of the authority to the payment of the principal of or the interest on any obligations of...
• § 20-3-347 - Moneys Received by Authority Deemed Trust Funds; Investment
  Notwithstanding any other law to the contrary, all moneys received by the authority pursuant to this subpart shall be deemed to be trust funds...
• § 20-3-348 - Rights of Holders of Obligations of Authority
  Any holder of obligations issued by the authority under this subpart or of any coupons appertaining thereto and any trustee under any resolution authorizing...
• § 20-3-349 - Obligations of Authority are Negotiable Instruments
  Notwithstanding Code Sections 20-3-340 through 20-3-348 or any recitals in any obligations issued by the authority under this subpart, all such obligations and interest...
• § 20-3-350 - Obligations of Authority are Legal Investments and Deposits
  Obligations issued by the authority under this subpart are made securities in which all public officers and public bodies of the state and its...
• § 20-3-351 - Issuance of Refunding Obligations by Authority
  (a) The authority is authorized to provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding which shall...
• § 20-3-352 - Reserve or Replacement Funds of Authority
  The authority shall be authorized, in connection with the issuance of its bonds or other obligations pursuant to this subpart, to establish, in respect...
• § 20-3-353 - Exemption of Directors and Officers of Authority From Personal Liability
  No director or officer of the authority shall be subject to any personal liability or accountability by reason of his execution of any obligations...
• § 20-3-354 - Payment of Expenses From Appropriations and Income
  The authority is authorized to accept and expend such moneys as may be appropriated from time to time by the legislature and income from...
• § 20-3-355 - Tax Exemptions of Authority and Its Bonds and Notes; Exceptions
  The authority is a duly created public corporation and political subdivision of the state and is performing essential governmental functions in the exercise of...
• § 20-3-356 - Interests of Bondholders Protected
  While any of the bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of its officers, employees,...
• § 20-3-357 - Termination or Dissolution of Authority
  Upon termination or dissolution of the authority, all assets, rights, and properties of the authority under the authority of this subpart shall pass to...
• § 20-3-358 - Subpart and Part Deemed Supplemental to Other Laws
  This subpart and part shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, shall be...

Last modified: October 14, 2016