O.C.G.A.

O.C.G.A. § 20-3-250.16 (2019)

The commission shall adopt rules or regulations providing procedures for the conduct of appeals from the board of trustees, but such rules or regulations shall be consistent with the provisions of this paragraph

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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(h) The board of trustees shall issue a biennial report to the Governor and members of the General Assembly providing a summary of the financial condition of the fund and claims experience during the preceding biennium. Such reports shall be issued during the regular session of the General Assembly held during each even-numbered year beginning in 1994.

(i) The tuition guaranty fund shall be exempt from all license fees or income, franchise, privilege, occupation, or other taxes levied or assessed by the state or by any county, municipality, or other political subdivision of the state. Any payment of claims or refund of participation fees from the tuition guaranty fund shall not be exempt from taxation unless such payment or refund is exempt from taxation pursuant to the provisions of law independent of the provisions of this part.

History

(Code 1981, § 20-3-250.27, enacted by Ga. L. 1992, p. 2615, § 4; Ga. L. 1993, p. 1402, § 18; Ga. L. 1994, p. 1282, § 11; Ga. L. 1995, p. 10, § 20; Ga. L. 2000, p. 1589, § 3; Ga. L. 2002, p. 1414, § 5; Ga. L. 2010, p. 863, § 3/SB 296; Ga. L. 2015, p. 83, § 9/HB 353; Ga. L. 2016, p. 864, § 20/HB 737.)

Annotations

Code Commission notes. - Pursuant to Code Section 28-9-5, in 1993, ‘‘of subsection (a)’’ was inserted in the second sentence of paragraph (c)(1). Pursuant to Code Section 28-9-5, in 2002, in subsection (g), ‘‘reimbursements; provided’’ was substituted for ‘‘reimbursements. Provided’’ in paragraph (g)(2) and ‘‘Tuition Guaranty Trust Fund’’ was substituted for ‘‘Tuition Guaranty Trust fund’’ in the last sentence of paragraph (g)(5). Editor’s notes. - Ga. L. 2000, p. 1589, § 16, not codified by the General Assembly, provided that the Act was applicable to notices delivered on or after July 1, 2000.

PART 2 GEORGIA HIGHER EDUCATION ASSISTANCE CORPORATION

Cross references. - Investment by insurers in loans guaranteed as to princi-

pal and interest by Georgia Higher Education Assistance Corporation, § 33-11-19.