In the event funds available to the authority are not sufficient to enable the authority to pay on behalf of eligible students the full grant prescribed by the General Assembly, grants payable for the remaining school terms shall be reduced by the authority on a pro rata basis. (Code 1981, § 20-3-444, enacted by Ga. L. 2008, p. 626, § 6/SB 169; Ga. L. 2013, p. 1048, § 3/SB 82.)
Pro rata reduction when funds are insufficient
O.C.G.A. § 20-3-444, under GEORGIA STUDENT FINANCE AUTHORITY OPINIONS OF THE ATTORNEY GENERAL.
O.C.G.A. § 20-3-444