Georgia § 31-34-7 - Cancellation of contract.
Full text of Georgia Official Code of Georgia Annotated § 31-34-7 — Cancellation of contract., with citation guidance and answers to common questions.
§ 31-34-7. Cancellation of contract.
The board shall have the authority to cancel the contract of any recipient of a loan under this article for cause deemed sufficient by the board, provided that such authority shall not be arbitrarily or unreasonably exercised. Upon such cancellation, the total uncredited amount paid to the recipient shall at once become due and payable to the board in cash, and interest at the rate of 12 percent per annum shall accrue on such total uncredited amount from the date of cancellation to the date of payment. The board shall have the authority to cancel the contract of any recipient of a grant under this article for cause deemed sufficient by the board, provided that such authority shall not be arbitrarily or unreasonably exercised. Upon such cancellation, the grant recipient shall not be eligible to receive further grant funds pursuant to this article. (Code 1981, § 31-34-7 , enacted by Ga. L. 1989, p. 1234, § 1; Ga. L. 2010, p. 322, § 1/HB 866; Ga. L. 2018, p. 132, § 6/HB 769.) The 2018 amendment, effective July 1, 2018, substituted "this article" for "this chapter" throughout this Code section.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 31-34-7
What does Official Code of Georgia Annotated § 31-34-7 cover?
Section 31-34-7 ("Cancellation of contract.") 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 § 31-34-7?
A common citation format is "Official Code of Georgia Annotated § 31-34-7" (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 § 31-34-7 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.