Georgia constitution
Article VIII
Paragraph II

Guaranteed revenue debt may be incurred
to provide funds to make loans to students and to parents of students for educational
purposes, to purchase loans made to students and to parents of students for educational
purposes, or to lend or make deposits of such funds with lenders which shall be secured by
loans made to students and to parents of students for educational purposes. Any such debt
shall be incurred in accordance with the procedures and requirements of Article VII,
Section IV of this Constitution.