First Reader Summary

A BILL to be entitled an Act to amend Chapter 3 of Title 20 of the O.C.G.A., relating to postsecondary education, so as to enact ""The Georgia Prepaid Education Program""; to provide for comprehensive provisions establishing a method of saving money for the payment of qualified higher education expenses; to provide for a short title; to provide for definitions; to provide for purposes of such program; to provide for the powers, duties, and authority of the Georgia Student Finance Commission; to provide for procedures, conditions, and limitations with respect to such program; to provide that certain limited contributions and qualified withdrawals used solely for qualified higher education expenses shall not be subject to state income tax; to provide for related matters; to repeal conflicting laws; and for other purposes.

Code Sections Amended

20-3-630 \ 20-3-631 \ 20-3-632 \ 20-3-633 \ 20-3-634 \ 20-3-635 \ 20-3-636 \ 20-3-637 \ 20-3-638