§ 20-3-614. Preservation of Assets of Trust Fund; Investment in Obligations of State
The assets of the trust fund shall be preserved, invested, and expended solely pursuant to and for the purposes set forth in this article and shall not be loaned or otherwise transferred or used by the state for any purpose other than the purposes of this article. This Code section shall not be construed to […]
§ 20-3-567. Scholarships
The board of trustees shall have the authority to grant to qualified students such scholarships as available funds allow. The board of trustees shall establish rules and regulations governing the eligibility for and awarding of such scholarships; provided, however, that all such scholarships which are funded by money appropriated by the General Assembly of Georgia […]
§ 20-3-615. Admission to or Graduation From Institutions Not Guaranteed
Nothing in this article or in an advance tuition payment contract entered into pursuant to this article shall be construed as a promise or guarantee by the trust or the state that a person will be admitted to a state institution of higher education or to a particular state institution of higher education, will be […]
§ 20-3-600. Short Title
This article shall be known and may be cited as the “College Opportunity Act.” History. Code 1981, § 20-3-600 , enacted by Ga. L. 1990, p. 1448, § 1.
§ 20-3-616. Exemption From Securities Law; Approval Required for Transfer of Advance Tuition Payment Contracts
An advance tuition payment contract shall be exempt from Chapter 5 of Title 10, the “Georgia Uniform Securities Act of 2008.” An advance tuition payment contract may not be sold or otherwise transferred by the purchaser or qualified beneficiary without the prior approval of the trust. History. Code 1981, § 20-3-616 , enacted by Ga. […]
§ 20-3-601. Legislative Findings
The General Assembly finds and declares the following: It is an essential function of state government to encourage schools and the means of education, as provided in Article VIII, Section I, Paragraph I of the Constitution; It is a responsibility of state government to maintain state institutions of higher education as provided by Article VIII, […]
§ 20-3-617. Costs of Trust Operations
On and after July 1, 1991, all costs of organization, administration, and operation of the trust shall be paid solely from application fee funds and investment income of the trust. History. Code 1981, § 20-3-617 , enacted by Ga. L. 1990, p. 1448, § 1.
§ 20-3-602. Purposes of Article
In light of the findings described in Code Section 20-3-601, the General Assembly declares that the purposes of the Georgia Education Trust created by this article are: To encourage education and the means of education; To maintain state institutions of higher education by helping to provide a stable financial base to these institutions; To provide […]
§ 20-3-544. Board Chairman
The board shall elect one of its members as chairman who shall serve for a two-year term. History. Code 1981, § 20-3-544 , enacted by Ga. L. 1990, p. 579, § 1.
§ 20-3-545. Compensation of Board Members
Members of the board of trustees shall receive the sum provided by Code Section 45-7-21 for each day of actual attendance at meetings of the board or for each day of travel, within or outside the state, as a member of a committee of the board, which travel has been authorized by the chairman or […]