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Georgia Commons

Código Oficial de Georgia Anotado

Título 20. EDUCATION · Capítulo 3. POSTSECONDARY EDUCATION · Artículo 10. COLLEGE OPPORTUNITY ACT

20-3-608. Advance tuition payment fund; expenditure of trust assets.

Vigente

Actualizado hasta: Including Acts of the 2025 Session of the General Assembly of Georgia.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    There is created under the jurisdiction and control of the board and within the trust an advance tuition payment fund. Payments received by the trust from purchasers on behalf of qualified beneficiaries or from any other source, public or private, shall be placed in the fund. The fund may be divided into separate accounts.#

  2. (b)

    Assets of the trust, including the fund, shall not be considered state moneys or revenues of the state and shall not be governed by Article III, Section IX or Article VII, Section III of the Constitution.#

  3. (c)

    Unless otherwise provided by resolution of the board, assets of the trust shall be expended in the following order of priority:#

    1. (1)

      To make payments to state institutions of higher education on behalf of qualified beneficiaries;#

    2. (2)

      To make refunds upon termination of an advance tuition payment contract; and#

    3. (3)

      To pay the costs of organization, administration, and operation of the trust and the fund.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 20-3-608, enacted by Ga. L. 1990, p. 1448, § 1.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Session of the General Assembly of Georgia.

Texto leído de t20-ch3-18-(v17a)-2025-pdf.pdf, Volumen V17A, edición 2025, páginas 363 a 364; acción de fusión: bound only; SHA-256 del archivo 4560a0cef806.