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  • PART I ADMINISTRATION OF THE GOVERNMENT
  • TITLE II EXECUTIVE AND ADMINISTRATIVE OFFICERS
    OF THE COMMONWEALTH
  • CHAPTER 15C MASSACHUSETTS COLLEGE STUDENT LOAN AUTHORITY

Section 1 - Policy and purpose

Section 2 - Short title

Section 3 - Definitions

Section 4 - Massachusetts educational financing authority; members; terms; meetings; surety bond; conflict of interest

Section 5 - Purposes of authority; powers

Section 5A - College opportunity program; bonds; issuance; redemption; tuition agreements

Section 5B - Powers and duties of authority for implementation and administration of savings programs

Section 5C - Comprehensive state-supported supplemental education loan program; development

Section 6 - Payment of expenses

Section 7 - Guidelines for deposits of monies, endowments, etc.; default reserve fund

Section 8 - Conveyance of assets comprising loan funding deposits

Section 9 - Negotiable notes; issuance; terms or conditions

Section 10 - Revenue bonds, notes, or other obligations; issuance; authorization by resolution; resolution provisions; liability

Section 11 - Trust agreements as security for revenue bonds or notes; provisions of trust agreements

Section 12 - Payment of bonds or notes; liability of commonwealth

Section 13 - Fees; contracts; pledge of revenues; sinking fund

Section 14 - Monies received; trust funds

Section 14A - State colleges and universities participation fund

Section 14B - College opportunity fund; purposes; pledges

Section 15 - Holders of revenue bonds, notes, or other obligations, and trustees; enforcement of rights; compelling performance of duties of authority

Section 16 - Exercise of powers for benefit of commonwealth; tax exempt status

Section 17 - Refunding of outstanding revenue bonds or notes; investment and reinvestment of proceeds; additional loans

Section 18 - Investment of funds by authority

Section 19 - Bonds as investment securities

Section 20 - Report of authority; audit

Section 21 - Powers of participating higher education institutions; interest rates

Section 22 - Employees; social security; security interests in revenues and receipts; priority

Section 22A - Civil actions; liability, losses, expenses; insurance; limitation of actions

Section 23 - Powers granted supplemental and additional to other laws; supervision or regulation of powers

Section 24 - New England Education Loan Marketing Corporation as separate entity

Section 25 - Construction of law

Section 26 - Bankruptcy of borrower

Section 26A - Repealed, 1993, 495, Sec. 11

Section 27 - Rights and properties of Authority upon dissolution, liquidation or other termination

Section 28 - Severability