Georgia Code
Subpart 2 - Educational Loans Financed by Revenue Bonds
§ 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 political subdivisions and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such obligations are made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds, notes, or obligations of the state is now or may hereafter be authorized by law and may constitute proper and legal collateral for any deposit made by any such officer, agency, or subdivision for which collateral must be pledged according to law.
History. Ga. L. 1969, p. 683, § 26; Code 1933, § 32-3736, 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 2 - Educational Loans Financed by Revenue Bonds

§ 20-3-340. Legislative Findings; Purpose of Subpart

§ 20-3-341. Definitions

§ 20-3-342. Educational Loan Program Activities Authorized; Powers and Duties of Authority

§ 20-3-343. Credit of State Not Pledged for Payment of Authority Obligations; Revenues and Assets Available for Payment

§ 20-3-344. Issuance of Bonds and Notes of Authority; Amount; Interest; Form; Execution; Use of Proceeds; Validation

§ 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