Cancellation of Contract

  1. Law
  2. Georgia Code
  3. Health
  4. Medical Professionals for Rural Assistance
  5. General Provisions
  6. Cancellation of Contract

Checkout our iOS App for a better way to browser and research.

  1. 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.
  2. 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.


Download our app to see the most-to-date content.