Title 20 — Education

As used in this chapter, the term: (1) ‘‘Board of regents’’ or ‘‘board’’ means the Board of Regents of the University System of Georgia. (2) ‘‘University system’’ or ‘‘system’’ means the University System of Georgia. ARTICLE 2 BOARD OF REGENTS AND UNIVERSITY SYSTEM

This article shall be known as the ‘‘Junior College Act of 1958,’’ and the system established by this article shall be known as the ‘‘Junior College Program of the State of Georgia.’’ (Ga. L. 1958, p. 47, § 1.) Editor’s notes. — By resolution (Ga. L. 1985, p. 598), the General As…

As used in this article, the term: 76 20-3-132 (1) ‘‘Junior college’’ means a community educational institution constructed and operated by a local operating authority which shall offer a course of study extending beyond the high school level providing either preparation for furt…

Every city, county, county school system, independent school system, or other political subdivision of the state possessing a power to tax, which shall possess the requisite powers under the Constitution and laws of this state may either alone or in combination with any other suc…

The sum provided for in Code Section 20-3-133 shall be the only direct financial contribution which the state shall make toward the establishment, maintenance, and operation of any junior college or colleges established under the terms of this article. (Ga. L. 1958, p. 47, § 7; G…

This article may be cited as the ‘‘Georgia Education Authority (University) Act.’’ (Ga. L. 1949, p. 1009, § 1; Ga. L. 1967, p. 869, § 1.)

(a) As used in this article, the term: (1) ‘‘Authority’’ means the Georgia Education Authority (University), which was formerly known as the University System Building Authority. Such change in name of the authority shall in no way affect the identity of the authority or the righ…

The authority shall have powers: (1) To have a seal and alter it at pleasure; (2) To acquire by purchase, lease, or otherwise and to hold, lease, and dispose of real and personal property of every kind and character for its corporate purposes; (3) To acquire in its own name by pu…

The authority or any authority or body which has or which may in the future succeed to the powers, duties, and liabilities vested in the authority created by this article shall have power at one time or from time to time to provide by resolution for the issuance of negotiable rev…

The authority shall determine the form of the bonds, including any interest coupons to be attached thereto, and shall fix the denomination or denominations of the bonds and the place or places of payment of principal and interest thereof, which may be at any bank or trust company…

In case any officer whose signature shall appear on any bonds or whose facsimile signature shall appear on any coupon shall cease to be such officer before the delivery of such bonds, such signature shall nevertheless be valid and sufficient for all purposes, the same as if he 85…

All revenue bonds issued under this article shall have all the qualities and incidents of negotiable instruments under Article 8 of Title 11. Such bonds and the income thereof shall be exempt from all taxation within the state. (Ga. L. 1949, p. 1009, § 8.)

The proceeds of revenue bonds issued under this article shall be used solely for the payment of the cost of the project or combined project and shall be disbursed upon requisition or order of the chairman of the 86 20-3-162 authority under such restrictions, if any, as the resolu…

Prior to the preparation of definitive bonds, the authority may, under like restrictions, issue interim receipts, interim certificates, or temporary bonds, with or without coupons, exchangeable for definitive bonds upon the issuance of the latter. (Ga. L. 1949, p. 1009, § 11.) 20…

The authority may also provide for the replacement of any bond which shall become mutilated or be destroyed or lost. (Ga. L. 1949, p. 1009, § 12.) 20-3-162. Compliance with article sufficient for issuance of bonds; single issue for one or more projects; adoption of bond resolutio…

Revenue bonds issued under this article shall not be deemed to constitute a debt of the state or a pledge of the faith and credit of the state, but such bonds shall be payable solely from the fund provided for in Code Section 20-3-166; and the issuance of such revenue bonds shall…

The authority shall in the resolution providing for the issuance of revenue bonds or in the trust indenture provide for the payment of the proceeds of the sale of the bonds to any officer or person who, or any agency, bank, or trust company which, shall act as trustee of such fun…

The revenues, rents, and earnings derived from any particular project or combined project or any and all funds from any source received by the board of regents and pledged and allocated by it to the authority as security for the performance of any lease or leases or any and all r…

The authority is authorized to provide by resolution for the issue of revenue refunding bonds of the authority for the purpose of refunding any revenue bonds issued under this article and then outstanding, together with accrued interest thereon. The issuance of such revenue refun…

The bonds authorized in this article are made securities in which all public officers and bodies of this state and all municipalities and all municipal subdivisions; all insurance companies and associations and other persons carrying on an insurance business; all banks, bankers, …

Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36. The petition for validation shall also make party defendant to such action any authority, subdivision, instrumentality, or agency of the state which ha…

Creation; members, officers, and staff; quorum; procedural rules and regulations; assignment to Department of Administrative Services. Powers of the authority. Authority to issue revenue bonds; terms. Form of bonds; denominations; place of payment; registration. Signing, sealing,…

All moneys received pursuant to the authority of this article, whether as proceeds from the sale of revenue bonds; as grants or other contributions; or as revenues, rents, and earnings, shall be deemed to be trust funds to be held and applied solely as provided in this article. (…

It shall be the duty of the authority to prescribe rules and regulations for the operation of each project or combination of projects constructed under this article, including rules and regulations to ensure maximum use or occupancy of each such project. (Ga. L. 1949, p. 1009, § …

The accounts of the authority created in this article shall be kept as separate and distinct accounts by the treasurer of the board of regents and shall be subject to audit by the Department of Audits and Accounts. (Ga. L. 1949, p. 1009, § 32.) 95 20-3-201 20-3-179. Power of rege…

This article does not in any way take from the board of regents the authority to issue revenue bonds for a particular purpose. (Ga. L. 1949, p. 1009, § 33.) 20-3-180. Article provides additional method and powers.

This article shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby, shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing. …

This article, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes. (Ga. L. 1949, p. 1009, § 30.) ARTICLE 6 PRIVATE COLLEGES AND UNIVERSITIES AUTHORITY 20-3-200. Short title.

This article may be cited as the ‘‘Private Colleges and Universities Authority Act.’’ (Ga. L. 1978, p. 1765, § 1; Ga. L. 1983, p. 1820, § 1.) 20-3-201. Definitions.

As used in this article, the term: (1) ‘‘Authority’’ means the Private Colleges and Universities Authority created by this article and any successor or successors thereto. Any change in name or composition of the authority shall in no way affect the vested rights of any person un…

The purpose of the authority shall be to assist institutions for higher education. The exercise by the authority of the powers conferred by this article shall be deemed and held to be the performance of an essential public function. For the purpose of this article, the authority …

Neither the members of the authority nor any person executing bonds or notes on behalf of the authority shall be personally liable thereon by reason of the issuance thereof. (Ga. L. 1978, p. 1765, § 6.)

The authority may, by appropriate resolution, trust indenture, mortgage, or other security agreement, provide the holders of any of its revenue bonds or interest coupons such rights and remedies, in law or 107 20-3-209 in equity, as may be necessary or desirable in connection wit…

The revenues, rents, purchase payments, financing charges, or other earnings derived from any particular project may be pledged and allocated by the authority pursuant to appropriate resolution as security for any issue of revenue bonds; and such resolution may fully provide for …

The creation of the authority and the carrying out of its corporate purposes is in all respects for the benefit of the people of this state and is a public purpose, and the authority will be performing an essential governmental function in the exercise of the power conferred upon…

The board of regents shall be composed of one member from each congressional district in the state and five additional members from the state at large, who shall be appointed by the Governor and confirmed by the Senate. The Governor shall not be a member of the board. The board s…

While any of the revenue bonds issued by the authority remain outstanding, the powers, duties, or existence of the authority or of any of its officers shall not be diminished or impaired in any manner that will affect adversely the interest and rights of the holders of such reven…

(a) All moneys received by the authority pursuant to this article, whether as grants or other contributions or as revenues, rents, or earnings, shall be held and applied to the expenses, outstanding bond obligations, and other obligations of the authority. (b) In the event this a…

The authority may hold title to any project financed by it but shall not be required to do so. (Ga. L. 1978, p. 1765, § 14.) 20-3-213. Venue and jurisdiction of actions under this article.

The authority’s legal situs or residence for the purpose of this article shall be Fulton County. Any action to protect or enforce any rights under this article, including the validation of obligations issued by the authority as permitted in this article, shall be brought in the S…

This article, being for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes. (Ga. L. 1978, p. 1765, § 15.) ARTICLE 7 SCHOLARSHIPS, LOANS, AND GRANTS

The first board of regents appointed under this part shall hold office as follows: two for one year; two for two years; two for three years; two for four years; two for five years; two for six years; and three for seven years. All of the terms shall date from January 1, 1943. The…

In case of a vacancy on the board of regents by death, resignation, removal, or from any other cause other than the expiration of such member’s term of office, such vacancy shall be filled in the manner prescribed by Article VIII, Section IV, Paragraph I of the Constitution. (Ga.…

This part shall be known and may be cited as the ‘‘Georgia Student Finance Commission Act.’’ (Code 1933, § 32-3101, enacted by Ga. L. 1980, p. 835, § 1.) Editor’s notes. — The Georgia Student Finance Commission is the successor to the Georgia State Scholarship Commission (see for…

(a) Legislative findings. The General Assembly has determined that it is a valid public purpose to promote the educational level of achievement of citizens and persons in this state by creating the Georgia Higher Education Assistance Corporation, a public authority, as provided f…

As used in this part, the term: (1) ‘‘Authority’’ means the Georgia Student Finance Authority created by Code Section 20-3-313. 112 20-3-233 (2) ‘‘Board of commissioners’’ means the board of commissioners of the commission. (3) ‘‘Commission’’ means the Georgia Student Finance Com…

The state auditor shall make an annual financial audit of the books, accounts, and records of the commission. 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 fu…

The board of regents shall elect one of its members chairman. (Ga. L. 1931, p. 7, § 53; Code 1933, § 32-107.)

The commission shall submit its regular and supplemental budget requests to the Governor at such times and in such form and manner as required by state law; provided, however, that the commission shall, in accordance with Code Section 50-4-3, include in its budget requests the re…

The commission is authorized to publish in print or electronically annually or at less frequent intervals determined by the board of commissioners an operations report covering the activities of the commission, including, without limitation, a report of revenues and expenditures …