The proceeds arising from any sale or lease of property under Code Section 20-3-564 shall be used for the support of the college or for the payment of any debts thereof as the board may determine.
History. Code 1981, § 20-3-566 , enacted by Ga. L. 1990, p. 579, § 1.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 9 - Georgia Military College
Part 2 - Funding; Donations; Property; Scholarships
§ 20-3-560. Legislative Intent
§ 20-3-561. Management Vested in the Board of Trustees
§ 20-3-562. Validity of Prior Trust Provisions; Substitution of Trustee
§ 20-3-563. Title to Property Vested in Board of Trustees
§ 20-3-564. Authorization to Dispose of Property
§ 20-3-565. Execution and Delivery of Evidence of Title Upon Disposition of Property