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§ 20-3-630. Short Title

This article shall be known and may be cited as the “Georgia Higher Education Savings Plan Act.” History. Code 1981, § 20-3-630 , enacted by Ga. L. 2001, p. 76, § 1.

§ 20-3-682. Professional Representation of Athletes; Compliance With Federal Law

A postsecondary educational institution or intercollegiate athletic association shall not prevent a student athlete from obtaining professional representation in relation to contracts or legal matters, including but not limited to representation provided by athlete agents, who shall be certified as provided for under Chapter 4A of Title 43, or legal representation provided by attorneys, who […]

§ 20-3-631. Purpose

The purposes of this article are to: Provide a program or programs of savings trust agreements to apply distributions toward qualified higher education expenses at eligible educational institutions, as defined in Section 529 of the Internal Revenue Code or other applicable federal law; Provide for the creation of the Georgia Higher Education Savings Plan, as […]

§ 20-3-683. Effectiveness and Termination

The provisions of this article shall become effective on July 1, 2021, and shall remain in effect until the earlier of: The effective date of any federal law enacted after March 31, 2021, regulating the rights of student athletes to receive compensation for the use of their name, image, or likeness; The effective date of […]

§ 20-3-632. Definitions

As used in this article, the term: “Account contributor” means a resident or nonresident person, corporation, trust, charitable organization, or other entity which contributes to or invests money in a savings trust account under the program on behalf of a beneficiary. For resident or nonresident persons, the account contributor may also be the designated beneficiary […]

§ 20-3-634. Savings Trust Accounts; Availability; Terms and Provisions

The plan, through one or more programs, shall make savings trust agreements and savings trust accounts available to the public, under which account owners or account contributors may make contributions on behalf of qualified beneficiaries. Contributions and investment earnings on the contributions may be used for any qualified higher educational expenses of a designated beneficiary. […]

§ 20-3-636. Taxation of Fund Property and Income

The trust fund property and income shall be subject to taxation by the state only as provided by Code Section 48-7-27 and shall not be subject to taxation by any of the state’s political subdivisions. History. Code 1981, § 20-3-636 , enacted by Ga. L. 2001, p. 76, § 1.