Georgia Code
Subpart 1 - General Provisions
§ 20-3-319. Temporary Transfer of Authority State Funds to Corporation to Accelerate Federal Payments

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

Georgia Code

Title 20 - Education

Chapter 3 - Postsecondary Education

Article 7 - Scholarships, Loans, and Grants

Part 3 - Georgia Student Finance Authority

Subpart 1 - General Provisions

§ 20-3-310. Short Title

§ 20-3-311. Legislative Findings; Purposes of Authority

§ 20-3-312. Definitions

§ 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

§ 20-3-316. Powers and Duties of Authority; Employees’ Functions; Servicing of Educational Loans; Registration With Selective Service System; Conflicts With Federal or Other State Law; Confidentiality

§ 20-3-316.1. Selection on Tax Form of Nonprofit Corporations Established by the Georgia Student Finance Authority for Contribution

§ 20-3-316.2. Voluntary Donations Through State Income Tax Returns and Drivers’ Licenses Fees Benefiting Children of Certain Public Servants Seeking Postsecondary Education

§ 20-3-317. Accounting System; Use of Funds; Payments to Commission

§ 20-3-318. Authority Administration Fund

§ 20-3-319. Temporary Transfer of Authority State Funds to Corporation to Accelerate Federal Payments

§ 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

§ 20-3-328. Operations Reports by Authority

§ 20-3-329. Employees of Commission Transferred to Authority; Status of Authority Employees Hired After July 1, 1996; Status of Transferred Employees; Benefits of Transferred Employees Not Impaired