§ 20-3-680. Legislative Findings; Definitions
The General Assembly finds that intercollegiate athletic programs provide student athletes with significant educational opportunities. However, participation in intercollegiate athletics should not infringe upon the rights of student athletes to have control over and profit from the commercial use of their name, image, or likeness. As used in this article, the term: “Intercollegiate athletic association” […]
§ 20-3-681. Compensation of Athlete for Use of Name, Image, or Likeness; Scholarships Are Not Compensation; Requirements for Schools and Athletes
A student athlete at a postsecondary educational institution may earn compensation for the use of his or her name, image, or likeness. Such compensation must be commensurate with the market value of the authorized use of the student athlete’s name, image, or likeness. Such compensation may not be provided in exchange, in whole or in […]
§ 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 […]
§ 20-3-633. Creation; Board of Directors; Assignment to Department of Administrative Services
There is created the Georgia Higher Education Savings Plan, as a body corporate and politic and an instrumentality of the state, for purposes of establishing and maintaining the Georgia Higher Education Savings Plan Trust Fund and qualified tuition programs under Section 529 of the Internal Revenue Code as provided by this article. The plan shall […]
§ 20-3-606. Types of Advance Tuition Payment Contracts; Alternative Provisions
At a minimum, the trust shall offer contracts of the two types set forth in paragraphs (1) and (2) of this subsection, to be known as Plan A and Plan B, respectively. Under Plan A: A payment or series of installment payments of not less than $50.00 per month shall be required from the purchaser […]
§ 20-3-607. Termination of Advance Tuition Payment Contracts; Refunds
An advance tuition payment contract shall authorize a termination of the contract when any one of the following occurs: The qualified beneficiary dies; The qualified beneficiary is not admitted to a state institution of higher education after making proper application; The qualified beneficiary certifies to the trust that he or she has decided to attend […]