{"data":{"id":"us-ga/o.c.g.a.-20-3-405.5","jurisdiction":"us-ga","citation":"O.C.G.A. § 20-3-405.5","heading":"Separate fund for loans; fees.","body":"(a) The authority shall establish and maintain a separate fund for loans in accordance with this subpart to which shall be credited:\n(1) State funds appropriated for use for EPS Student Loans;\n(2) Moneys received by gift, donation, or otherwise for EPS Student Loans;\n(3) Outstanding EPS Student Loans held by the authority; and\n(4) Principal and interest collected on EPS Student Loans held by the authority.\n(b) Beginning with the first fiscal year following the fiscal year in which the fund has a balance of $500,000.00 or more, for each fiscal year, the authority shall determine the amount of moneys available for loans under this subpart and shall determine which eligible applicants receive loans by a random selection process in which each eligible applicant has an equal chance of being selected for a loan.\n(c) The authority shall be entitled to establish a reasonable fee for the processing and collecting of EPS Student Loans. Such fees shall be established by the authority by rule or regulation.","path":["TITLE 20 Education","CHAPTER 3 Postsecondary Education","Article 7 Scholarships, Loans, and Grants","PART 3 Georgia Student Finance Authority","Subpart 4C Education for Public Service Student Loan"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.20.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"85fd5d420dee25334c9303e71b298eade2a05ea174f2956dc5a7a2cf8d770cb9","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-20-3-405.4","next":"us-ga/o.c.g.a.-20-3-405.6"},"notice":"GroundRules: Original legal text. Not legal advice."}