Georgia § 20-3-86 [Repealed effective 6/30/2026] Nonlapsing revenue of institutions in university system

Georgia Statutes

§ 20-3-86 — [Repealed effective 6/30/2026] Nonlapsing revenue of institutions in university system

Revenue collected by any or all institutions in the university system from tuition, departmental sales or services, continuing education fees, technology fees, or indirect cost recoveries shall not lapse. The amount of revenue from tuition that shall not lapse under this Code section shall not exceed 3 percent of the tuition collected. This Code section shall stand repealed on July 1, 2026. Not later than October 15 each year, the board of regents shall provide to the Governor, the chairperson of the House Committee on Appropriations, and the chairperson of the Senate Appropriations Committee a report of all nonlapsing revenue provided for in this Code section from the preceding fiscal year, the anticipated plans for the use of such nonlapsing revenue, the actual expenses paid for from non

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Revenue collected by any or all institutions in the university system from tuition, departmental sales or services, continuing education fees, technology fees, or indirect cost recoveries shall not lapse. The amount of revenue from tuition that shall not lapse under this Code section shall not exceed 3 percent of the tuition collected. This Code section shall stand repealed on July 1, 2026. Not later than October 15 each year, the board of regents shall provide to the Governor, the chairperson of the House Committee on Appropriations, and the chairperson of the Senate Appropriations Committee a report of all nonlapsing revenue provided for in this Code section from the preceding fiscal year, the anticipated plans for the use of such nonlapsing revenue, the actual expenses paid for from nonlapsing revenue from the previous fiscal year, and the cumulative balance of nonlapsed revenue.

Georgia § 20-3-86 ([Repealed effective 6/30/2026] Nonlapsing revenue of institutions in university system) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by 2021 Ga. Laws 307,§ 20, eff. 5/10/2021. Amended by 2021 Ga. Laws 252,§ 1-1, eff. 5/6/2021. Amended by 2016 Ga. Laws 436,§ 2-1, eff. 6/15/2016. Amended by 2013 Ga. Laws 234,§ 2-1, eff. 5/6/2013. Amended by 2010 Ga. Laws 505,§ 2-1, eff. 5/27/2010. Amended by 2008 Ga. Laws 731,§ 2-1, eff. 5/14/2008. Amended by 2006 Ga. Laws 702,§ 2, eff. 5/1/2006. Added by 2003 Ga. Laws 58, § 5, eff. 7/1/2003. Repealed by 2003 Ga. Laws 58, § 6, eff. 6/30/2006.