Higher Education Loan Act

  1. Law
  2. Utah Code
  3. State System of Higher Education
  4. Higher Education Loan Act

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Section
101

Short title of chapter.

Section
102

Definitions.

Section
103

Powers of Board of Regents.

Section
104

Issuance of bonds -- Disposition of funds -- Refunding bonds -- Resolution to authorize bonds -- Contents -- Sale of bonds -- Bond debt service reserve funds -- Restoration of fund assets -- Establishment of other subfunds.

Section
105

Agreements with bondholders unalterable.

Section
106

Investments in bonds of the board.

Section
107

Payment of funds -- Payment on warrants -- Contracts with bondholders -- Security.

Section
108

Bonds and interest exempt from taxation except corporate franchise tax.

Section
109

Board pledges -- Attachment of lien -- Recording unnecessary.

Section
110

Default by board -- Appointment of a trustee -- Powers of the trustee and bondholders.

Section
111

Loans or purchase of obligations -- Rules -- Options -- Repayment of federally insured loans.

Section
112

Separation of duties, responsibilities, funds, liabilities, and expenses -- Immunity from personal liability.

Section
113

Bond approval by attorney general incontestable after 30 days -- Recital of certification.

Section
114

Mandamus in Supreme Court -- Precedence.