(AA) To gather information on all educational loan funds available from any source to residents of the state and to disseminate such information through such methods of mass or individual communication as may be necessary better to assure that students and parents are aware of the availability of such loan resources;
(AA.1) To advertise or otherwise promote the programs, functions, and purposes of the corporation and to expend funds available to the corporation for such purposes;
(BB) To receive funds from any source, public or private, by gift, grant, bequest, loan, or otherwise, either absolutely or in trust, and to hold, use, administer, and expend such funds on its behalf and for any of its corporate purposes; and to acquire from any source, public or private, by purchase, lease, gift, bequest, or devise, any property, real, personal, or mixed, either absolutely or in trust, and to hold, use, administer, and dispose of such property on its behalf and for any of its corporate purposes;
(CC) To provide procedures for the filing, hearing, and determination of an appeal made by an aggrieved party of a decision made by the corporation in the administration of the program, and for all matters relative thereto;
(DD) To enter into agreements and undertakings as may be necessary or appropriate in the exercise of its powers, duties, and functions under this part and the federal act;
(EE) To perform such other acts as may be necessary or appropriate to carry out effectively the purposes of the corporation under this part and the federal act;
(FF) To adopt an official seal and alter the seal at its pleasure;
(GG) To maintain a principal office and such other offices as may be appropriate;
(HH) To adopt bylaws and policies for the regulation of its affairs and the conduct of its business;
(II) To bring and defend actions in the name of the corporation and to plead and be impleaded; and
(JJ) To do any and all things necessary, desirable, convenient, or incidental for the accomplishment of the objectives of this chapter and to exercise any power usually possessed by private corporations performing similar functions which is not in conflict with the public purposes of the corporation or the Constitution and laws of this state, including, but not limited to:
History. Code 1933, § 32-3307, enacted by Ga. L. 1980, p. 835, § 2; Ga. L. 1981, p. 735, §§ 11-20; Ga. L. 1982, p. 3, § 20; Ga. L. 1986, p. 759, § 1; Ga. L. 1987, p. 378, § 1; Ga. L. 1987, p. 1119, § 1; Ga. L. 1992, p. 1001, §§ 2, 3; Ga. L. 1995, p. 961, § 4; Ga. L. 1997, p. 143, § 20; Ga. L. 2005, p. 1134, § 1/HB 298; Ga. L. 2015, p. 935, § 2/HB 320.
The 2015 amendment, effective July 1, 2015, designated the existing provisions of this Code section as subsection (a) and added subsection (b).
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1996, “collectability” was substituted for “collectibility” in subparagraph (1)(R).
Structure Georgia Code
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
§ 20-3-261. Legislative Findings; Purpose of Corporation
§ 20-3-264. Functions and Composition of Board of Directors; Organization and Conduct of Affairs
§ 20-3-265. Corporation Officers and Employees; Bonds
§ 20-3-267. Accounting System; Use of Funds; Payments to Commission
§ 20-3-268. Annual Audits of Corporation; Distribution of Audit Reports
§ 20-3-270. Loan Guaranties Conditioned on Lenders’ and Holders’ Due Diligence
§ 20-3-271. Insurance Premiums or Guaranty Fees
§ 20-3-273. State Interest Subsidy Payments for Student Borrowers
§ 20-3-274. Loan Discount Payments to Lenders
§ 20-3-275. Funds Maintained by Corporation
§ 20-3-276. School Rights Subject to Rules and Regulations
§ 20-3-277. Lender Rights Subject to Rules and Regulations
§ 20-3-280. Lender and School Audits; Program Reviews; Corrective Actions
§ 20-3-281. Sale, Pledge, or Assignment of Educational Loans
§ 20-3-282. Contracted Servicing of Loans
§ 20-3-283. Contributions Deductible for Income Tax Purposes
§ 20-3-284. Exemption of Corporation From Taxation
§ 20-3-285. Exemption of Lenders From Certain Taxation
§ 20-3-286. Conflicts of Interest Involving Directors, Officers, or Employees of Corporation
§ 20-3-287. Borrowers Deemed Capable Regardless of Age
§ 20-3-288. Proof of Residency in State
§ 20-3-289. Eligibility of Students in Default for Other State Student Assistance
§ 20-3-290. Corporation Assigned to Commission
§ 20-3-291. Termination and Dissolution of Corporation
§ 20-3-292. Venue of Proceedings Against Corporation
§ 20-3-293. General Banking or Insurance Business by Corporation Prohibited