Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 20-3-375 - Income credited to authority administration fund; transfer of surplus to general loan fund — Georgia Law | CourtGPT
  1. Home/
  2. Laws/
  3. Georgia/
  4. Title 20 - Education/
  5. Chapter 3 - Postsecondary Education/
  6. Article 7 - Scholarships, Loans, and Grants/
  7. Part 3 - Georgia Student Finance Authority Sub/
  8. Subpart 3 - Educational Loans Financed by State Funds/
  9. Section 20-3-375 - Income credited to authority administration fund; transfer of surplus to general loan fund
Georgia Legal Code

Section 20-3-375 - Income credited to authority administration fund; transfer of surplus to general loan fund

Ask AI about this
All income earned by the authority on funds held under this subpart, including earnings on educational loan trust fund assets unless otherwise provided for in the terms of such trust fund agreements, shall be credited to the authority administration fund for the uses prescribed in Code Section 20-3-318. The board of directors is authorized, in its discretion, to transfer any surplus moneys in the authority administration fund to the general loan fund account for the uses prescribed in Code Section 20-3-373.