such proceeds may be invested in direct obligations of, or obligations the principal of which and the interest on which are unconditionally guaranteed by, the United States which shall mature or which shall be subject to redemption by their holders at the option of such holders, not later than the respective dates when the proceeds, together with the interest accruing thereon, will be required for the purposes intended.
History. Ga. L. 1969, p. 683, § 22; Code 1933, § 32-3737, enacted by Ga. L. 1980, p. 835, § 3.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1991, a comma was added to precede “the United States” near the end of subsection (b).
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