Georgia § 20-3-603 - Definitions.
Full text of Georgia Official Code of Georgia Annotated § 20-3-603 — Definitions., with citation guidance and answers to common questions.
§ 20-3-603. Definitions.
As used in this article, the term: "Advance tuition payment contract" means a contract entered into by the trust and a purchaser pursuant to this article to provide for the higher education of a qualified beneficiary. "Board" means the board of commissioners of the Georgia Student Finance Commission described in Code Section 20-3-234. "Fund" means the advance tuition payment fund created within the Georgia Education Trust as provided in Code Section 20-3-608. "Purchaser" means a person who makes or is obligated to make advance tuition payments pursuant to an advance tuition payment contract. "Qualified beneficiary" means any resident of this state. "State institution of higher education" means any four-year college or university within the University System of Georgia. "Trust" or "trust fund" means the Georgia Education Trust created in Code Section 20-3-604. "Weighted average tuition cost of state institutions of higher education" means the tuition cost arrived at by adding the products of the annual undergraduate in-state tuition cost at each state institution of higher education and its total number of undergraduate fiscal year equated students and then dividing the gross total of this cumulation by the total number of undergraduate fiscal year equated students attending state institutions of higher education. (Code 1981, § 20-3-603 , enacted by Ga. L. 1990, p. 1448, § 1; Ga. L. 2001, p. 873, § 8.) Code Commission notes. - Pursuant to Code Section 28-9-5, in 2001, "in" was inserted following "described" in paragraph (2).
Frequently Asked Questions About Georgia § 20-3-603
What does Official Code of Georgia Annotated § 20-3-603 cover?
Section 20-3-603 ("Definitions.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 20-3-603?
A common citation format is "Official Code of Georgia Annotated § 20-3-603" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 20-3-603 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.