One Click Case Law for § 20-3-269
O.C.G.A. § 20-3-268 <-- --> O.C.G.A. §20-3-27

2010 Georgia Code

TITLE 20 - EDUCATION

CHAPTER 3 - POSTSECONDARY EDUCATION
ARTICLE 7 - SCHOLARSHIPS, LOANS, AND GRANTS
PART 2 - GEORGIA HIGHER EDUCATION ASSISTANCE CORPORATION
§ 20-3-269 - Loan guaranties not state debt; directors and officers not personally liable for issuance of guaranties

O.C.G.A. 20-3-269 (2010)
20-3-269. Loan guaranties not state debt; directors and officers not personally liable for issuance of guaranties


Loan guaranties issued under this part shall not be deemed to constitute a debt, liability, or obligation of, or a pledge of the faith and credit of, the state but shall be payable solely from revenues or assets of the corporation provided for such payment pursuant to paragraph (1) of Code Section 20-3-275. No director or officer of the corporation shall be subject to any personal liability or accountability by reason of the issuance of loan guaranties by the corporation.