Definitions

As used in this subpart, the term: (1) ‘‘School’’ means ‘‘school’’ as such term is defined in paragraph (18) of Code Section 20-3-262 and in regulations of the authority. (2) ‘‘Student’’ or ‘‘eligible student’’ means a ‘‘student’’ or ‘‘eligible student’’ as such term is defined in paragraph (21) of Code Section 20-3-262 and in regulations of the authority. (Code 1933, § 32-3747, enacted by Ga. L. 1980, p. 835, § 3.) 20-3-372. State funded educational loan program authorized; powers of authority. The authority is authorized to be a lender in the Georgia Higher Education Loan Program, as provided for in Part 2 of this article, and to establish and administer a state direct educational loan program pursuant to this subpart. The authority is authorized to prescribe all rules, regulations, policies, and procedures necessary or convenient for the administration of the program and all terms and conditions applicable to loans made under this subpart; provided, however, that they shall conform with this subpart and with Part 2 of this article in 228 20-3-373 order that such loans shall be guaranteed by the corporation. (Ga. L. 1969, p. 683, § 6; Ga. L. 1971, p. 518, § 2; Code 1933, § 32-3748, enacted by Ga. L. 1980, p. 835, § 3; Ga. L. 1981, p. 735, § 39.) 20-3-373. General loan fund.