COMMISSION MEETING SUMMARY – May 18, 2026

Chairman P.K. Martin called the meeting to order at 1:00 PM

Chairman P.K. Martin conducted Roll Call. A quorum was present.

Chairman P.K. Martin welcomed and introduced visitors

Chairman P.K. Martin presented the action items, and the commissioners took action.

Approval of Agenda - Approved

Approval of Minutes of February 23, 2026, Quarterly Commission Meeting - Approved

Approval of Tuition Guaranty Trust Fund Reports:

FY26 3rd Quarter Report (Jan – Mar 2026) [Unaudited], presented by Phil Embry – Approved
Quarterly Interest Earned (FY23-FY26 Q3)

Approval of FY27 Commission Meeting Dates and Locations – Approved

Approval of Fy27 NPEC Schedule of Fees – Approved

Approval of FY27 NPEC Schedule of Fines – Approved

Approval of updates to Minimum Standards Criteria – Approved

Approval of updates to Commission hearing procedures, pursuant to O.C.G.A 20-3-250.15(d) – Approved

FY27 Commission Officer Elections (Chair, Vice Chair, and Secretary) - Approved

Report:
1. Chairman – P.K. Martin
2. Vice Chairman – Jim Squire
3. Secretary – Pranay Udutha

FY27 TGTF Trustee Elections (5 Members) - Approved

Pursuant to O.C.G.A 20-3-250.27(b)(2), “at least two members, by June 30, 2020, shall represent postsecondary education institutions”
Report:
1. Trustee #1 – P.K. Martin, Chairman
2. Trustee #2 – Jim Squire, Vice Chairman
3. Trustee #3 – Pranay Udutha
4. Trustee #4 (Institution Representative) – Dr. Linda Adkison
5. Trustee #5 (Institution Representative) – Dr. Don Dowless

Executive Director Dr. Kirk Shook presented the Executive Director Report

NPEC FY26 Operations Budget (3rd Quarter)

Quarterly Budget Comparison (FY25 Q3 v. FY26 Q3)

Agency Legislation (SB 400)

Programmatic Monitoring Updates, James Cheek

Virtual Town Hall (May 20th)

Associate Executive Director Maggie Rivers presented the Agency Reports

FY26 3rd Quarter Staff Actions

FY26 3rd Quarter Newly Authorized Schools Reports

Chairman P.K. Martin called for a vote to convene in Executive Session - Approved

Chairman P.K. Martin Called to exit the Executive Session - Approved

Chairman P.K. Martin addressed other Business

The next Quarterly Commission Meeting is August 24, 2026, at 1pm, or at the conclusion of the TGTF Board of Trustees meeting

Location: Teleconference via Zoom

No public comments were made

All approved to adjourn meeting at 2:34 PM

AGENDA

Call to Order & Invocation: P.K. Martin, Chairman

Roll Call: P.K. Martin, Chairman

Name, Commission Seat, Present/Absent

P.K. Martin, Chairman At-Large Post #3
Jim Squire, Vice Chairman At-Large Post #7
Pranay Udutha, Secretary At-Large Post #1
Ryan Blythe Certificate-Granting Institution Representative
Dr. Linda Adkison Degree-Granting Institution Representative
Dr. Don Dowless Exempt Institution Representative
Doug Roper At-Large Post #2
Michael Foor At-Large Post #4
Dr. Lance Barry At-Large Post #5
Dr. Norma Nunez-Cortes At-Large Post #6
Kate Patterson At-Large Post #8

Welcome/Introduction of Visitors: P.K. Martin, Chairman

Action Items: P.K. Martin, Chairman

Approval of Agenda
Approval of Minutes from February 23, 2026 Quarterly Commission Meeting
Approval of Tuition Guaranty Trust Fund Reports:
1. FY26 3rd Quarter Report (Jan – Mar 2026) [Unaudited], Phil Embry
2. Quarterly Interest Earned (FY23 – FY26 Q3)
Approval of FY27 Commission Meeting Dates and Locations
Approval of FY27 NPEC Schedule of Fees
Approval of FY27 NPEC Schedule of Fines
Approval of updates to Minimum Standards Criteria (M.S.C. 1, 3, & 9)
Approval of updates to Commission hearing procedures, pursuant to O.C.G.A. § 20-3-250.15(d)
FY27 Commission Officer Elections (Chair, Vice Chair, and Secretary)
1. Report:
  1. Chairman – P.K. Martin
  2. Vice Chairman – Jim Squire
  3. Secretary – Pranay Udutha
FY27 TGTF Trustee Elections (5 members)
1. Pursuant to O.C.G.A. § 20-3-250.27(b)(2), “at least two members, by June 30, 2020, shall represent postsecondary education institutions”
2. Report:
  1. Trustee #1 – P.K. Martin, Chairman
  2. Trustee #2 – Jim Squire, Vice Chairman
  3. Trustee #3 – Pranay Udutha
  4. Trustee #4 (Institution Representative) – Dr. Linda Adkison
  5. Trustee #5 (Institution Representative) – Dr. Don Dowless Executive Director

Report: Dr. Kirk Shook, Executive Director

NPEC FY26 Operations Budget (3rd Quarter)
Quarterly Budget Comparison (FY25 Q3 v. FY26 Q3)
Agency Legislation (SB 400)
Programmatic Monitoring Updates, James Cheek
Virtual Town Hall (May 20th)

Agency Reports: Maggie Rivers, Associate Executive Director

FY26 3rd Quarter Staff Actions
FY26 3rd Quarter Newly Authorized Schools Report Executive Session (if necessary): P.K. Martin, Chairman
Pursuant to O.C.G.A. § 50-14-2(1), this portion of the meeting is “closed in order to consult and meet with legal counsel pertaining to pending or potential litigation, settlement, claims, administrative proceedings, or other judicial actions brought or to be brought by or against the agency”
- Report on pending litigation from Keith Pridgen, Assistant Attorney General

School Spotlight: Dr. Kirk Shook, Executive Director

Other Business: P.K. Martin, Chairman

The next Quarterly Commission Meeting is August 24, 2026 at 1pm, or at the conclusion of the TGTF Board of Trustees meeting
- Location: Teleconference via Zoom

PUBLIC COMMENTS

All public comments are limited to three (3) minutes per individual

May 18, 2026 Commission Meeting