Georgia Code
Part 1A - Nonpublic Postsecondary Educational Institutions
§ 20-3-250.27. Tuition Guaranty Trust Fund

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. 846, § 20/HB 737; Ga. L. 2018, p. 724, § 3/HB 448; Ga. L. 2019, p. 1056, § 20/SB 52; Ga. L. 2022, p. 378, § 16/SB 333.
The 2015 amendment, effective July 1, 2015, added “and to provide consumer information, as necessary in the determination of the commission, to prospective and currently enrolled students” at the end of subsection (a); in the first sentence of paragraph (d)(3), substituted “$7,750,000.00” for “$5,025,000.00” in the middle, and substituted “$7.5 million” for “$5 million” at the end; and, in the first sentence of subsection (e), inserted “and providing consumer information as necessary for prospective and currently enrolled students” near the beginning, and substituted “fund” for “participation fees collected from postsecondary educational institutions” near the end.
The 2016 amendment, effective May 3, 2016, part of an Act to revise, modernize, and correct the Code, revised language in paragraph (d)(3) and subsection (e).
The 2018 amendment, effective May 7, 2018, substituted “where at least two members, by June 30, 2020, shall represent postsecondary educational institutions” for “but one of such members shall be a representative of a nonpublic nondegree-granting postsecondary educational institution, and one of such members shall be a representative of a nonpublic degree-granting postsecondary educational institution” in the second sentence of paragraph (b)(2); and substituted “(10) and (14)” for “(10) and (15)” in the second sentence of paragraph (c)(1).
The 2019 amendment, effective May 12, 2019, part of an Act to revise, modernize, and correct the Code, revised punctuation in the first sentence of paragraph (g)(5).
The 2022 amendment, effective July 1, 2022, in paragraph (c)(2), substituted “July 1, 2022” for “July 1, 1992” and substituted “July 1, 2021” for “July 1, 1992”; substituted the present provisions of paragraph (c)(3) for the former provisions, which read: “Postsecondary educational institutions which are currently authorized to operate in this state and which were first authorized to operate in this state on or after July 1, 1990, shall participate in the fund for five years of continuous authorized operation and shall provide the surety bonds required in Code Section 20-3-250.10; provided, however, that such surety bonds shall no longer be required of any such institutions which have maintained five full years of continuous authorized operation to the present. Any institution which fails to maintain continuous authorization in this state, and which subsequently applies for reinstatement of its certificate of authorization, must provide a surety bond for five full years following reinstatement of authorization.”; added paragraph (c)(4); rewrote subsections (d) and (g); and added subsection (j).
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.

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