reglab/housing_qa huggingface dataset:
GA Code § 20-3-250.26 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 1A - Nonpublic Postsecondary Educational Institutions|§ 20-3-250.26. No Limitation by This Part on Professional Licensing Board's Authority

 Nothing in this part shall be construed to limit a professional licensing board's authority, as granted by Title 43, to regulate and govern the curriculum, course requirements, instructor qualifications, and other educational activities of nonpublic postsecondary educational institutions.    (Code 1981, §20-3-250.26, enacted by Ga. L. 1990, p. 1166, § 3; Ga. L. 2000, p. 1706, § 19.)
GA Code § 20-3-260 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-260. Short Title; Name of Program

 This part shall be known and may be cited as the "Georgia Higher Education Assistance Corporation Act." The educational loan program provided for in this part may be referred to and cited as the "Georgia Higher Education Loan Program."   (Code 1933, § 32-3301, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 1981, p. 735, § 1.)   OPINIONS OF THE ATTORNEY GENERAL    Georgia Higher Education Assistance Corporation may invest default reserve funds  with federal savings and loan associations and with state-chartered building and loan associations which are insured by the Federal Savings and Loan Insurance Corporation. 1969 Op. Att'y Gen. No. 69-215.
GA Code § 20-3-263 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-263. Corporation Created as Successor to Former Georgia Higher Education Assistance Corporation

  There is created a public authority, a body corporate and politic, to be known as the Georgia Higher Education Assistance Corporation, which shall be deemed to be an instrumentality and a nonprofit public corporation of the state.   The corporation created by subsection (a) of this Code section shall be the successor to and a continuation of, without interruption, the previously existing Georgia Higher Education Assistance Corporation created by an Act approved March 12, 1965 (Ga. L. 1965, p. 217), as amended. The continuation of the Georgia Higher Education Assistance Corporation, as provided in this Code section, shall in no way affect any existing obligations, liabilities, or rights of the previously existing Georgia Higher Education Assistance Corporation. All such obligations, liabilities, and rights, including, without limitation, obligations, liabilities, and rights in respect of loan guaranties issued to lenders by the previously existing corporation and in respect of payment of state interest subsidies and placement, conversion, and loan discount fees on loans guaranteed by the previously existing corporation, pursuant to provisions of state and federal laws in effect at the time such obligations, liabilities, and rights were incurred or created are transferred to, vested in, and assumed by the corporation created by subsection (a) of this Code section. All contracts and agreements between any party and the previously existing Georgia Higher Education Assistance Corporation shall not be affected by this Code section but shall continue in full force and effect, without interruption, as contracts or agreements between such party and the corporation created by subsection (a) of this Code section.   Right, title, interests in, and ownership of all assets of the previously existing Georgia Higher Education Assistance Corporation are transferred to and vested in the corporation created by subsection (a) of this Code section.   The corporation created by subsection (a) of this Code section is designated as the state guaranty agency to administer the program in this state as provided for in the federal act and this part.    (Ga. L. 1964, p. 735, § 1; Ga. L. 1965, p. 217, § 1; Ga. L. 1966, p. 726, § 1; Code 1933, § 32-3304, enacted by Ga. L. 1980, p. 835, § 2.)   Editor's notes.   - The Act creating the former Georgia Higher Education Assistance Corporation (Ga. L. 1965, p. 217), referred to in subsection (b) of this Code section, was repealed by Ga. L. 1980, p. 835, § 5.   RESEARCH REFERENCES   C.J.S.   - 81A C.J.S., States, § 269.
GA Code § 20-3-264 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-264. Functions and Composition of Board of Directors; Organization and Conduct of Affairs

  Functions and composition. The corporation shall be governed and all of its corporate powers, duties, and functions shall be exercised by a board of directors. The board of directors shall be composed of the same persons who are serving as members of the board of commissioners of the commission pursuant to Code Section 20-3-234. The executive director of the corporation, or president, if designated by such title by the board of directors, shall be an ex officio member of the board of directors. The board of directors provided for by this subsection shall be the successor to and a continuation of, without interruption, the board of directors of the previously existing Georgia Higher Education Assistance Corporation. No director shall be eligible to become an officer or employee of the corporation for a period of one year after expiration of the director's period of service as a director of the corporation.   Organization and conduct of affairs. Subsections (c) through (h) of Code Section 20-3-234, pertaining to the commission and relative to officers of the board of commissioners, meetings of the board of commissioners executive committee, other committees, compensation of commissioners, and advisory councils, inclusively, are incorporated by reference into this subsection and shall apply to the board of directors in the same manner as if fully set out, with conformable language, in this subsection. The board of directors shall organize and conduct its affairs in accordance with such provisions of law; provided, however:   That nothing in this subsection shall be construed to mean that the board of directors must elect the same persons to serve as officers of the board of directors as are elected by the board of commissioners of the commission to serve as officers of the board of commissioners;   That no person serving as a public commissioner of the commission and thereby as a director of the corporation shall receive more than one day's per diem, plus actual expenses incurred, for one day's service or portion thereof rendered to the state; and   That the limitation as to the number of days during any fiscal year that a per diem may be paid to a public commissioner of the commission shall be inclusive of services rendered by such person as a director of the corporation.      (Code 1933, § 32-3305, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 2003, p. 158, § 2; Ga. L. 2014, p. 801, § 2/HB 697.)    The 2014 amendment,  effective July 1, 2014, in subsection (a), in the second sentence, deleted "13 members, who shall be" following "composed of" and deleted "and who shall serve" following "who are serving".
GA Code § 20-3-265 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-265. Corporation Officers and Employees; Bonds

 The executive director of the commission, or president, if designated by such title by the board of commissioners, shall serve as the executive director, or president, if designated by such title by the board of directors, and chief executive officer of the corporation. The executive director shall provide for maintenance of accurate and permanent minutes and records of all proceedings and activities of the board of directors and the corporation and have authority and responsibility to implement and carry out all administrative powers, duties, and functions of the corporation in accordance with governing state and federal laws and rules, regulations, and policies prescribed by the board of directors. The treasurer of the commission shall serve as treasurer of the corporation. The treasurer shall receive and disburse all funds made available to or for the use of the corporation by the General Assembly or otherwise in accordance with law and as may be directed by the board of directors. The secretary of the commission shall serve as secretary of the corporation. Other officers of the commission who are assigned duties and responsibilities relative to the purposes of the corporation may be designated as officers of the corporation. The foregoing officers and all other employees, professional personnel, agents, experts, consultants, and persons employed or retained by the commission who are assigned duties and responsibilities relative to the purposes of the corporation shall perform such assigned duties and responsibilities in accordance with the federal act and this part. Fidelity bond coverage of officers, employees, and members of the commission provided pursuant to paragraph (4) of Code Section 20-3-235 and covering such persons who are performing duties and responsibilities relative to the corporation pursuant to this part shall also be conditioned as to the insured and in such respects and for such sums as the board of directors determines necessary to protect the interests of the corporation.   (Code 1933, § 32-3306, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 2003, p. 158, § 3.)
GA Code § 20-3-267 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-267. Accounting System; Use of Funds; Payments to Commission

 The corporation shall maintain a system of accounts in accordance with generally accepted accounting procedures and standard accounting procedures and systems established by the state, where applicable, which shall, among other things, properly identify and account for all funds received by the corporation, the source of such funds, and all expenditures of the corporation. Agency, federal, and other funds of the corporation, determined to be available for such purposes, may be used to discharge any guaranty obligation of the corporation, to pay any state interest subsidy and lender discount payment obligations of the corporation, and to pay expenses and operating costs incurred by the corporation, including payments to the commission to defray expenses and operating costs of the corporation paid or to be paid by the commission for or on behalf of the corporation. No funds of the corporation shall lapse to the state as of the close of any fiscal year.   (Code 1933, § 32-3308, enacted by Ga. L. 1980, p. 835, § 2.)
GA Code § 20-3-268 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-268. Annual Audits of Corporation; Distribution of Audit Reports

 The state auditor shall make an annual financial audit of the books, accounts, and records of the corporation. The state auditor shall maintain a copy of the audit report on file in his or her office, make copies of the report available for inspection by the general public, and furnish a copy of the report to the corporation, to members of the board of directors of the corporation, and to the Governor and shall notify the members of the General Assembly of the availability of the report in the manner which he or she deems to be most effective and efficient.   (Ga. L. 1964, p. 735, § 12; Ga. L. 1965, p. 217, § 13; Code 1933, § 32-3341, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 2005, p. 1036, § 16/SB 49.)
GA Code § 20-3-269 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-269. Loan Guaranties Not State Debt; Directors and Officers Not Personally Liable for Issuance of Guaranties

 Loan guaranties issued under this part shall not be deemed to constitute a debt, liability, or obligation of, or a pledge of the faith and credit of, the state but shall be payable solely from revenues or assets of the corporation provided for such payment pursuant to paragraph (1) of Code Section 20-3-275. No director or officer of the corporation shall be subject to any personal liability or accountability by reason of the issuance of loan guaranties by the corporation.   (Code 1933, § 32-3309, enacted by Ga. L. 1980, p. 835, § 2.)   OPINIONS OF THE ATTORNEY GENERAL   Editor's notes.   - In light of the similarity of the statutory provisions, opinions under former Ga. L. 1965, p. 217, which was subsequently repealed but was succeeded by provisions in this Code section, are included in the annotations for this Code section.    Notes guaranteed by corporation and United States  government are "obligations". 1971 Op. Att'y Gen. No. 71-69 (decided under former Ga. L. 1965, p. 217).   State depositories may pledge or assign guaranteed notes.   - State depositories may pledge or assign to the State Treasurer (now director of the Office of Treasury and Fiscal Services), in lieu of surety bonds, notes fully guaranteed by the corporation to the extent that the notes are reinsured by the United States government in accordance with former Code 1933, § 100-108. 1971 Op. Att'y Gen. No. 71-69 (decided under former Ga. L. 1965, p. 217).
GA Code § 20-3-270 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-270. Loan Guaranties Conditioned on Lenders' and Holders' Due Diligence

 The guaranty of the corporation on an educational loan made under this part is conditioned upon exercise of due diligence by the lender and by any subsequent holder of the loan, as may be applicable, in the making of the loan, in the servicing of the loan account, and in the collection of the loan in accordance with the federal act and this part.   (Code 1933, § 32-3310, enacted by Ga. L. 1980, p. 835, § 2.)
GA Code § 20-3-271 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-271. Insurance Premiums or Guaranty Fees

 The corporation is authorized to charge and collect insurance premiums on loans in accordance with the federal act and to provide for all matters relative thereto. In the administration of the program, the insurance premium charged may be identified and referred to as a "guaranty fee." Guaranty fees collected by the corporation shall be credited to the corporation's loan guaranty fund.   (Code 1933, § 32-3311, enacted by Ga. L. 1980, p. 835, § 2.)
GA Code § 20-3-274 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-274. Loan Discount Payments to Lenders

 In order to provide an additional incentive to lenders to broaden their participation in the program and better to assure lenders of receiving a competitive yield on educational loans made under this part, the corporation is authorized to pay to lenders, other than lenders who are schools, a loan discount fee to offset partially initial costs incurred by lenders in interviewing borrowers and in processing borrower applications for loan guaranty. The loan discount payment authorized by this Code section shall be equal to a percentage of the amount of guaranteed loan principal disbursed to a borrower, to be determined and fixed by the corporation; provided, however, that the amount of the loan discount payment shall not exceed 2 percent of the amount of guaranteed loan principal disbursed to the borrower; and provided, further, that the corporation shall not make a commitment to lenders to make loan discount payments under this Code section unless the state has appropriated funds for use by the corporation for the purposes of this Code section and that such appropriated funds plus funds then in and projected to become available to the corporation's state interest subsidy and loan discount fund are deemed to be sufficient to enable the corporation to meet its state interest subsidy and loan discount payment obligations to become due and payable during the period of any fiscal year for which the General Assembly has already enacted an appropriations Act.   (Code 1933, § 32-3315, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 1981, p. 735, § 23.)
GA Code § 20-3-276 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-276. School Rights Subject to Rules and Regulations

 No school and no class, type, or group of "eligible institutions," as such term is defined in the federal act, shall have a vested right to be approved by the corporation as a "school" for purposes of the program, except in accordance with rules and regulations prescribed by the corporation.   (Code 1933, § 32-3318, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 1981, p. 735, § 25.)
GA Code § 20-3-277 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-277. Lender Rights Subject to Rules and Regulations

 No lender and no class, type, or group of "eligible lenders," as such term is defined in the federal act, shall have a vested right to be approved by the corporation as a "lender" for purposes of the program, except in accordance with rules and regulations prescribed by the corporation.   (Code 1933, § 32-3319, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 1981, p. 735, § 26.)
GA Code § 20-3-278 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-278. Reports as to Loan Commitment Agreements; Statements to Borrowers; Administration Fees; Reports of Agreement Terminations

 Reserved. Repealed by Ga. L. 1987, p. 378, § 2, effective April 2, 1987.   Editor's notes.   - This Code section was based on Code 1933, § 32-3320, as enacted by Ga. L. 1980, p. 835, § 2; and Ga. L. 1982, p. 3, § 20.   Ga. L. 2016, p. 846, § 20/HB 737, effective May 3, 2016, part of an Act to revise, modernize, and correct the Code, reserved the designation of this Code section.
GA Code § 20-3-279 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-279. Persons Forbidden to Engage in Business of Furnishing Educational Loan Information or Assistance

 It shall not be permissible for any stockholder, director, officer, employee, agent, commissioned salesman, consultant, or other person in the employment of, or who for a valuable consideration serves the interests of, a lender or a school in this state or the corporation, the commission, or the authority to be engaged in this state in the business of providing, or to have any financial interest in any corporation, association, partnership, or other organization that is engaged in this state in the business of providing, in consideration of the receipt of a fee, commission, charge, or other valuable consideration from any source, contingent or otherwise, to students or parents of students information about or assistance in applying for or obtaining educational loan assistance under this part.   (Code 1933, § 32-3321, enacted by Ga. L. 1980, p. 835, § 2.)
GA Code § 20-3-280 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-280. Lender and School Audits; Program Reviews; Corrective Actions

 The corporation is authorized:    To examine and audit accounts and records of lenders and schools relative to educational loans guaranteed by the corporation;   To conduct program reviews with appropriate officers and personnel of lenders and schools as may be necessary or appropriate to assure compliance by all parties with this part and the federal act; and   To take or require that such corrective, remedial, or preventive actions be taken as may be necessary or appropriate to protect the interests of the corporation, the United States, lenders, schools, present and future borrowers, and the public at large.    (Code 1933, § 32-3322, enacted by Ga. L. 1980, p. 835, § 2.)
GA Code § 20-3-281 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-281. Sale, Pledge, or Assignment of Educational Loans

 A lender may sell loans guaranteed by the corporation, or an interest in such loans, to another lender only in accordance with regulations of the corporation; and in such event the guaranty liability of the corporation on such loans or interests therein shall not be affected. A lender may pledge or assign loans guaranteed by the corporation, or an interest in such loans, as security to pledgees or assignees only in accordance with regulations of the corporation; and in such event the guaranty liability of the corporation on such loans or interests therein shall not be affected.   (Ga. L. 1970, p. 478, §§ 6, 7; Ga. L. 1973, p. 650, § 4; Code 1933, § 32-3323, enacted by Ga. L. 1980, p. 835, § 2.)
GA Code § 20-3-282 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-282. Contracted Servicing of Loans

 The servicing or collection of educational loans held by a lender may not be contracted to any other lender, person, or entity except in accordance with rules and regulations of the corporation.   (Code 1933, § 32-3324, enacted by Ga. L. 1980, p. 835, § 2.)
GA Code § 20-3-283 (2021)
2021 Georgia Code|Title 20 - Education|Chapter 3 - Postsecondary Education|Article 7 - Scholarships, Loans, and Grants|Part 2 - Georgia Higher Education Assistance Corporation|§ 20-3-283. Contributions Deductible for Income Tax Purposes

 Notwithstanding any general or special law or any certificate of incorporation, charter, or other articles of organization, all domestic or domesticated corporations, associations, and other taxable entities carrying on business in this state and any person are authorized to make contributions of money, property, or other thing of value to the corporation for any of its corporate purposes; and the value thereof shall be allowed as a deduction in computing the taxable income of the donor for the purpose of any income tax imposed by the state or by any political subdivision of the state.   (Ga. L. 1964, p. 735, § 10; Ga. L. 1965, p. 217, § 11; Code 1933, § 32-3326, enacted by Ga. L. 1980, p. 835, § 2.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 71 Am. Jur. 2d, State and Local Taxation, §§ 489, 516.   C.J.S.   - 85 C.J.S., Taxation, § 1219.