As used in the Oklahoma Student Loan Act:
1. "Authority" means the Oklahoma Student Loan Authority;
2. "Participating institution" means any educational institution, public or private, including junior colleges and vocational-technical schools, which qualifies as an eligible institution for the federal insured loan program under the Federal Higher Education Act of 1965, as amended, and participating in student loan programs under the Oklahoma Student Loan Act;
3. "Qualified person" means a person who is eligible for a student loan insured by the United States; and
4. "Bond" or "Bonds" means revenue bonds and notes issued by the Authority.
Laws 1972, c. 125, § 2, emerg. eff. April 6, 1972; Laws 1987, c. 81, § 1, operative July 1, 1987; Laws 1992, c. 278, § 1, eff. July 1, 1992.