Georgia · Official Code of Georgia Annotated — full code (public domain; via Open US Law, CC BY 4.0)
O.C.G.A. § 20-3-405-5: Education — O.C.G.A. § 20-3-405-5
What this law says, in plain English
This statute establishes how a state authority manages a separate student loan fund, crediting it with appropriated state funds, donations, and loan repayments. Once the fund reaches $500,000, loans are distributed randomly to eligible applicants, and the authority may charge reasonable processing fees.
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