Connecticut General Statutes
Chapter 187b - Connecticut Higher Education Supplemental Loan Authority
Section 10a-234. - Use of bond proceeds and revenues.

All moneys received under the provisions of this chapter, whether as proceeds from the sale of bonds or notes or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. Any officer with whom, or any bank or trust company with which, such moneys shall be deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes hereof, subject to such regulations as this chapter and the resolution authorizing the bonds or notes of any issue or the trust agreement securing such bonds or notes may provide.

(P.A. 82-313, S. 14, 28.)

Structure Connecticut General Statutes

Connecticut General Statutes

Title 10a - State System of Higher Education

Chapter 187b - Connecticut Higher Education Supplemental Loan Authority

Section 10a-221. - Declaration of policy.

Section 10a-222. - Short title.

Section 10a-223. - *(See end of section for amended version and effective date.) Definitions.

Section 10a-224. - Executive director and board of directors of authority. Continuation of authority. Liability and indemnification.

Section 10a-225. - Powers of authority. Use of authority loans and grants. Reduction of principal and interest owed by participating institutions. Master promissory notes.

Section 10a-226. - Payment of expenses.

Section 10a-227. - Acquisition of property by authority.

Section 10a-228. - Conveyance of title to participating institutions.

Section 10a-229. - Notes of authority.

Section 10a-230. - Bonds.

Section 10a-231. - Trust agreement to secure bonds or notes.

Section 10a-232. - Payment of bonds or notes. Creation of special capital reserve funds.

Section 10a-233. - Fees.

Section 10a-234. - Use of bond proceeds and revenues.

Section 10a-235. - Enforcement of rights and duties.

Section 10a-236. - Tax exemption.

Section 10a-237. - Refunding bonds.

Section 10a-238. - Investment of funds.

Section 10a-239. - Bonds declared legal investments.

Section 10a-240. - Report of authority.

Section 10a-241. - Institutions of higher education authorized to take necessary action. Rate of interest.

Section 10a-242. - Employee benefits.

Section 10a-243. - Chapter supplemental to other laws. Power of authority not subject to supervision or regulation.

Section 10a-244. - Chapter independent of Connecticut Student Loan Foundation.

Section 10a-245. - Advisory committee.

Section 10a-246. - Obligations of borrower.

Section 10a-247. - Alliance District Teacher Loan Subsidy Program. Eligibility criteria and administrative guidelines.

Section 10a-247a. - Separate account for Alliance District Teacher Loan Subsidy Program. Use of funds.

Section 10a-248. - Certificate Loan Loss Reserve and Funding account.

Section 10a-249. - Reserved for future use.