(7.1) To invest and reinvest the funds of the authority in any investment which a domestic insurer may lawfully invest in, to determine the allocation of funds among investments, and to purchase, hold, sell, assign, transfer, and dispose of any securities and other investments in which funds of the authority have been invested, any proceeds of any investments, and any money belonging to the authority;
(7.2) To provide grants, scholarships, loans, or other assistance to students pursuing a course of study relating to gerontology with particular emphasis on residential care and housing facilities for the elderly, subject to such bylaws and regulations as may be made by the authority;
History. Ga. L. 1980, p. 1466, § 6; Ga. L. 1985, p. 149, § 31; Ga. L. 1997, p. 1501, § 1.
Structure Georgia Code
Chapter 7 - Regulation and Construction of Hospitals and Other Health Care Facilities
Article 5 - Residential Care Facilities for the Elderly Authorities
§ 31-7-111. Findings; Declaration of Policy
§ 31-7-114. Powers of Authorities
§ 31-7-115. Lease or Sale of Projects
§ 31-7-117. Liability for Bonds or Other Obligations
§ 31-7-118. Exemption From Taxation
§ 31-7-119. Holding Moneys as Trust Funds; Pledges for Payment of Bonds