The General Assembly finds that students and parents are not always able to obtain educational loan assistance from a commercial lender under the Georgia Higher Education Loan Program provided for in Part 2 of this article; that a need exists to make additional educational loan funds available to students and parents; and that a need exists to provide for secondary financing and servicing of educational loans made by other lenders in order to enable such lenders to maintain or expand their participation in the Georgia Higher Education Loan Program. The purpose of the General Assembly, as provided for in this subpart, is to enable the authority to make additional educational loan funds available for students and parents and to make secondary financing and servicing of educational loans available to other commercial lenders.
History. Code 1933, § 32-3726, enacted by Ga. L. 1980, p. 835, § 3; Ga. L. 1981, p. 735, § 35.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 7 - Scholarships, Loans, and Grants
Part 3 - Georgia Student Finance Authority
Subpart 2 - Educational Loans Financed by Revenue Bonds
§ 20-3-340. Legislative Findings; Purpose of Subpart
§ 20-3-342. Educational Loan Program Activities Authorized; Powers and Duties of Authority
§ 20-3-345. Trust Agreements Authorized; Provisions of Trust Agreements and Bond Resolutions
§ 20-3-346. Lien of Pledge of Revenues or Assets of Authority
§ 20-3-347. Moneys Received by Authority Deemed Trust Funds; Investment
§ 20-3-348. Rights of Holders of Obligations of Authority
§ 20-3-349. Obligations of Authority Are Negotiable Instruments
§ 20-3-350. Obligations of Authority Are Legal Investments and Deposits
§ 20-3-351. Issuance of Refunding Obligations by Authority
§ 20-3-352. Reserve or Replacement Funds of Authority
§ 20-3-353. Exemption of Directors and Officers of Authority From Personal Liability
§ 20-3-354. Payment of Expenses From Appropriations and Income
§ 20-3-355. Tax Exemptions of Authority and Its Bonds and Notes; Exceptions
§ 20-3-356. Interests of Bondholders Protected
§ 20-3-357. Termination or Dissolution of Authority
§ 20-3-358. SubPart And Part Deemed Supplemental to Other Laws