Georgia Code, Title 20, Chapter 3, Article 10 - College Opportunity Act

• § 20-3-600 - Short Title
  This article shall be known and may be cited as the "College Opportunity Act."
• § 20-3-601 - Legislative Findings
  The General Assembly finds and declares the following: (1) It is an essential function of state government to encourage schools and the means of...
• § 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...
• § 20-3-603 - Definitions
  As used in this article, the term: (1) "Advance tuition payment contract" means a contract entered into by the trust and a purchaser pursuant...
• § 20-3-604 - Creation of Georgia Education Trust
  (a) There is created a public body corporate and politic to be known as the Georgia Education Trust. The trust shall be within the...
• § 20-3-605 - Advance Tuition Payment Contract Authorized; Form and Contents of Contract
  (a) The trust, on behalf of itself and the state, may contract with a purchaser for the advance payment of tuition by the purchaser...
• § 20-3-606 - Types of Advance Tuition Payment Contracts; Alternative Provisions
  (a) At a minimum, the trust shall offer contracts of the two types set forth in paragraphs (1) and (2) of this subsection, to...
• § 20-3-607 - Termination of Advance Tuition Payment Contracts; Refunds
  (a) An advance tuition payment contract shall authorize a termination of the contract when any one of the following occurs: (1) The qualified beneficiary...
• § 20-3-608 - Advance Tuition Payment Fund; Expenditure of Trust Assets
  (a) There is created under the jurisdiction and control of the board and within the trust an advance tuition payment fund. Payments received by...
• § 20-3-609 - Public Meetings; Writings and Performance of Official Duties
  (a) The business which the board may perform shall be conducted at a public meeting of the board held in compliance with Chapter 14...
• § 20-3-610 - Powers of Board
  In addition to the powers granted by other provisions of this article, the board shall have the powers necessary or convenient to carry out...
• § 20-3-611 - Accounts; Audits
  The board shall annually prepare or cause to be prepared an accounting of the trust and shall transmit a copy of the accounting to...
• § 20-3-612 - Requirements for Administration of Trust; Evaluation of Actuarial Soundness; Applicability of Federal Securities Laws
  (a) The trust shall be administered in a manner reasonably designed to be actuarially sound such that the assets of the trust will be...
• § 20-3-613 - Contracts for Provision of Services; Programs to Ensure Full Tuition Payment; Exclusive Plans for Community and Junior Colleges; Report to Legislature
  The trust, in its discretion, may contract with others, public or private, for the provision of all or a portion of the services necessary...
• § 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...
• § 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...
• § 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...
• § 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...

Last modified: October 14, 2016