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

O.C.G.A. 20-3-375 (2010)
20-3-375. Income credited to authority administration fund; transfer of surplus to general loan fund

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.