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Call Now: 904-383-7448All 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.
(Code 1933, § 32-3753, enacted by Ga. L. 1980, p. 835, § 3; Ga. L. 1981, p. 735, § 43.)
The General Assembly finds that many attorneys graduate from law school with substantial education debt; that the debt that saddles law school graduates prohibits many from considering public interest work; that Georgia law firms, on average, pay first year associates more than twice the entry level salary for public interest work; that a need exists for public interest entities to hire competent attorneys; that the public is better served by competent and qualified attorneys working in the area of public interest; and that programs providing for education loan forgiveness to encourage law students and other attorneys to seek employment in the area of public interest would better enable public interest entities to attract and retain experienced and qualified attorneys.
(Code 1981, §20-3-380, enacted by Ga. L. 2002, p. 1115, § 1.)
- For note on the 2002 enactment of this Code section, see 19 Ga. St. U.L. Rev. 158 (2002).
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