The assets of the trust fund shall be preserved, invested, and expended solely pursuant to and for the purposes set forth in this article and shall not be loaned or otherwise transferred or used by the state for any purpose other than the purposes of this article. This Code section shall not be construed to prohibit the trust from investing in, by purchase or otherwise, bonds, notes, or other obligations of the state, an agency of the state, or an instrumentality of the state.
History. Code 1981, § 20-3-614 , enacted by Ga. L. 1990, p. 1448, § 1.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 10 - College Opportunity Act
§ 20-3-601. Legislative Findings
§ 20-3-602. Purposes of Article
§ 20-3-604. Creation of Georgia Education Trust
§ 20-3-605. Advance Tuition Payment Contract Authorized; Form and Contents of Contract
§ 20-3-606. Types of Advance Tuition Payment Contracts; Alternative Provisions
§ 20-3-607. Termination of Advance Tuition Payment Contracts; Refunds
§ 20-3-608. Advance Tuition Payment Fund; Expenditure of Trust Assets
§ 20-3-609. Public Meetings; Writings and Performance of Official Duties
§ 20-3-614. Preservation of Assets of Trust Fund; Investment in Obligations of State
§ 20-3-615. Admission to or Graduation From Institutions Not Guaranteed