Bill Text: GA HB1402 | 2009-2010 | Regular Session | Introduced

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Bill Title: Georgia Student Finance Authority; engineering field loans; Peace Corps volunteers; deferred payment; provide

Spectrum: Partisan Bill (Republican 3-0)

Status: (Engrossed - Dead) 2010-04-01 - Senate Read Second Time [HB1402 Detail]

Download: Georgia-2009-HB1402-Introduced.html

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10 LC 33 3690

House Bill 1402

By: Representatives O`Neal of the 146th and Talton of the 145th

A BILL TO BE ENTITLED
AN ACT

To amend Part 3 of Article 7 of Chapter 3 of Title 20 of the Official Code of Georgia Annotated, relating to the Georgia Student Finance Authority, so as to provide for deferment of repayment for Peace Corps volunteers for recipients of certain service cancelable loans in the engineering field; to provide for applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.

Part 3 of Article 7 of Chapter 3 of Title 20 of the Official Code of Georgia Annotated, relating to the Georgia Student Finance Authority, is amended by adding a new Code section to read as follows:

"20-3-330.

Any service cancelable loan program administered by the authority or by the commission pursuant to a contract with the authority whose purpose is to attract undergraduate students into the engineering profession by offering financial assistance in exchange for recipients agreeing to work for a period of time after graduation in an engineering related field in Georgia shall provide for deferment of repayment for any period the recipient subsequently serves as a Peace Corps volunteer. This Code section shall apply only to recipients that received such loans prior to January 1, 2010."

SECTION 2.

All laws and parts of laws in conflict with this Act are repealed.