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Official Code of Georgia Annotated

Title 20. EDUCATION · Chapter 3. POSTSECONDARY EDUCATION · Article 10. COLLEGE OPPORTUNITY ACT

20-3-603. Definitions.

Active

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

  1. As used in this article, the term:

  2. (1)

    “Advance tuition payment contract” means a contract entered into by the trust and a purchaser pursuant to this article to provide for the higher education of a qualified beneficiary.#

  3. (2)

    “Board” means the board of commissioners of the Georgia Student Finance Commission described in Code Section 20-3-234.#

  4. (3)

    “Fund” means the advance tuition payment fund created within the Georgia Education Trust as provided in Code Section 20-3-608.#

  5. (4)

    “Purchaser” means a person who makes or is obligated to make advance tuition payments pursuant to an advance tuition payment contract.#

  6. (5)

    “Qualified beneficiary” means any resident of this state.#

  7. (6)

    “State institution of higher education” means any four-year college or university within the University System of Georgia.#

  8. (7)

    “Trust” or “trust fund” means the Georgia Education Trust created in Code Section 20-3-604.#

  9. (8)

    “Weighted average tuition cost of state institutions of higher education” means the tuition cost arrived at by adding the products of the annual undergraduate in-state tuition cost at each state institution of higher education and its total number of undergraduate fiscal year equated students and then dividing the gross total of this cumulation by the total number of undergraduate fiscal year equated students attending state institutions of higher education.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 20-3-603, enacted by Ga. L. 1990, p. 1448, § 1; Ga. L. 2001, p. 873, § 8.

Code Commission notes

Pursuant to Code Section 28-9-5, in 2001, “in” was inserted following “described” in paragraph (2).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t20-ch3-18-(v17a)-2025-pdf.pdf, Volume V17A, 2025 edition, pages 356 to 357; merge action: bound only; file SHA-256 4560a0cef806.