The Authority in its corporate existence shall continue until terminated by law but no law terminating its existence shall take effect as long as any bonds of the Authority are outstanding and unpaid without adequate provision for payment having been made. Upon termination of its existence, all rights, privileges and property of the Authority shall pass to and be vested in the State.
Structure Delaware Code
Chapter 92. DELAWARE HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY
§ 9201. Legislative findings; declaration of purpose; construction of chapter.
§ 9203. Established; composition; term of office; vacancies; officers; compensation.
§ 9204. Executive Director; General Counsel; quorum; power to issue bonds.
§ 9206. Use of refunding bond proceeds.
§ 9207. Loan funding deposits.
§ 9210. Fees for services; pledge of revenues as security.
§ 9211. Enforcement of rights and duties by bondholder.
§ 9213. Permissible investments.
§ 9214. Legal investments in bonds.
§ 9215. Accounts; annual report; audit.
§ 9216. Chapter additional and supplemental to other laws; permissible rate of interest.