Georgia Code
Subpart 2 - Educational Loans Financed by Revenue Bonds
§ 20-3-351. Issuance of Refunding Obligations by Authority

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