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2010 Georgia Code
TITLE 20 - EDUCATION
CHAPTER 3 - POSTSECONDARY EDUCATION
ARTICLE 7 - SCHOLARSHIPS, LOANS, AND GRANTS
PART 3 - GEORGIA STUDENT FINANCE AUTHORITY
SUBPART 2 - EDUCATIONAL LOANS FINANCED BY REVENUE BONDS
§ 20-3-352 - Reserve or replacement funds of authority
O.C.G.A. 20-3-352 (2010)20-3-352. Reserve or replacement funds of authority
The authority shall be authorized, in connection with the issuance of its bonds or other obligations pursuant to this subpart, to establish, in respect of such bonds or obligations, such reserve funds or replacement funds as may be required in the sound discretion of its board of directors to enable the authority to effectuate its proper public purposes, to fund such reserve funds or replacement funds with bond proceeds, and to invest such reserve funds or replacement funds in accordance with paragraph (10) of subsection (b) of Code Section 20-3-342.
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