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GA HB697
Bill
Status
Passed
4/29/2014
Primary Sponsor
Stacey Evans
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AI Summary
- Establishes the "Zell Miller Grant Scholar" designation for HOPE grant recipients pursuing a diploma or certificate who maintain a cumulative GPA of at least 3.5, awarding them additional funds equal to the difference between the HOPE award amount and full standard undergraduate tuition
- Revises terminology from "Zell Miller Scholar" to "Zell Miller Scholarship Scholar" and clarifies eligibility requirements, including a minimum 3.7 high school GPA with SAT score of at least 1,200 or ACT score of at least 26
- Authorizes the Georgia Student Finance Authority to incorporate one or more nonprofit corporations to aid in carrying out its powers and duties, with assets reverting to the authority or the State of Georgia upon dissolution
- Beginning with taxable years on or after January 1, 2015, Georgia income tax return forms must offer taxpayers the opportunity to contribute to the newly established nonprofit corporations assisting students with educational expenses, replacing the prior student loan fund contribution mechanism
- Revises the board composition language for both the Georgia Higher Education Assistance Corporation and the Georgia Student Finance Authority, maintaining 13-member boards aligned with the board of commissioners of the Georgia Student Finance Commission
Legislative Description
HOPE; revise amount of grants; equal student's cost of tuition
Last Action
Effective Date
7/1/2014
Full Bill Text
No bill text available