In the event the United States makes the federal payments referred to in Code Section 20-3-272 to lenders through the corporation, any available state funds appropriated for use by the authority during any fiscal year for purposes of any financial assistance program provided for in this part may be temporarily transferred by the authority to the corporation for use by the corporation for the purposes prescribed in Code Section 20-3-272 pending receipt by the corporation of the federal payments. Upon receipt of the federal payments, the corporation shall transfer back to the authority the amount of funds previously received by it from the authority.
History. Code 1933, § 32-3710, enacted by Ga. L. 1980, p. 835, § 3.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 7 - Scholarships, Loans, and Grants
Part 3 - Georgia Student Finance Authority
Subpart 1 - General Provisions
§ 20-3-311. Legislative Findings; Purposes of Authority
§ 20-3-313. Authority Created as Successor to Georgia Higher Education Assistance Authority
§ 20-3-314. Functions, Composition, Organization, and Conduct of Affairs of Board of Directors
§ 20-3-315. Authority Officers and Employees; Bonds
§ 20-3-317. Accounting System; Use of Funds; Payments to Commission
§ 20-3-318. Authority Administration Fund
§ 20-3-320. Audits of Authority; Distribution of Audit Reports
§ 20-3-321. School Audits; Program Reviews; Corrective Actions
§ 20-3-322. Contributions Deductible for Tax Purposes
§ 20-3-323. Conflicts of Interest Involving Directors, Officers, or Employees of Authority
§ 20-3-324. Authority Assigned to Commission
§ 20-3-325. Dissolution of Authority
§ 20-3-326. Venue of Proceedings Against Authority
§ 20-3-327. General Banking Business by Authority Prohibited