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 27 - Rights and Properties of Authority Upon Dissolution, Liquidation or Other Termination
Section 28 - Severability
Section 29 - Achieving a Better Life Experience Program; Able Account; Qualified Disability Expenses; Annual Report