Title 20, Chapter 3, Section 318
( 20-3-318)
The authority shall maintain an administration fund for itself and
of the corporation as provided for in this Code section to which
shall be credited state moneys, federal moneys, other moneys, and
earned income of the authority available for and determined by the
authority to be applied for the purpose of paying administration
costs of the authority. The authority is authorized to pay from the
fund administration costs incurred by the authority and to pay to
the commission such amounts as may be necessary to cover
administration costs of the authority paid or to be paid by the
commission for or on behalf of the authority. Unless otherwise
prohibited by state or federal law or by the terms of any trust
agreement entered into or resolution providing for the issuance of
obligations pursuant to Subpart 2 of this part or by the terms of
any other agreement entered into by the authority, the authority is
authorized to pay from the fund administration costs incurred by the
corporation and pay to the commission such amounts as may be
necessary to cover administration costs of the corporation paid or
to be paid by the commission for or on behalf of the corporation. |