(a) The commission shall guarantee any student loan made pursuant to this article in the amount specified in federal statutes and regulations.
(b) The commission shall establish the ratio of reserve funds to loans outstanding.
(Amended by Stats. 1994, Ch. 485, Sec. 6. Effective January 1, 1995. Repealed conditionally by Stats. 2007, Ch. 184, Secs. 2 and 4.)