261A.2 Declaration of purpose.
It is declared that for the benefit of the people of the state of Iowa, the conduct and increase of their commerce, the protection and enhancement of their welfare, the development of continued prosperity and the improvement of their health and living conditions, it is essential that this and future generations of youth be given the fullest opportunity to learn and to develop their intellectual and mental capacities and skills; that to achieve these ends it is of the utmost importance that students attending institutions of higher education located in Iowa have reasonable financial alternatives to enhance their access to such institutions; that reasonable financial access to institutions of higher education will assist youth in achieving the optimum levels of learning and development of their intellectual and mental capacities and skills; that it is the purpose of this chapter to provide a measure of assistance and an alternative method to enable students and the families of students attending institutions of higher education located in Iowa to appropriately and prudently finance the cost or a portion of the cost of higher education; and that it is the intent of this chapter to supplement federal guaranteed higher education loan programs, other student loan programs, and grant or scholarship programs to provide the needed additional options for the financing of a student’s higher education in execution of the public policy set forth above.
[82 Acts, ch 1031, §2]
Referred to in §261A.24
Structure Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Chapter 261A - HIGHER EDUCATION LOAN AUTHORITY (PRIVATE INSTITUTIONS)
Section 261A.1 - Short title and citation.
Section 261A.2 - Declaration of purpose.
Section 261A.3 - Legislative findings.
Section 261A.5 - Creation as public instrumentality.
Section 261A.6 - Membership of authority.
Section 261A.7 - Duties of authority.
Section 261A.8 - Powers of authority.
Section 261A.9 - Expenses of authority — limitation of liability.
Section 261A.10 - Acquisition of moneys, endowments, properties, and guarantees.
Section 261A.11 - Conveyance of loan funding deposit after payment of principal and interest.
Section 261A.12 - Obligations.
Section 261A.13 - Trust agreement to secure obligations.
Section 261A.14 - Payment of obligations — nonliability of state.
Section 261A.15 - Pledge of revenues.
Section 261A.16 - Funds for sales of obligations as trust funds — application of funds.
Section 261A.17 - Rights of holders of obligations.
Section 261A.18 - Refunding bonds — purpose — proceeds — investment of proceeds.
Section 261A.19 - Investment of funds of authority.
Section 261A.20 - Obligations as legal investments.
Section 261A.21 - Annual report.
Section 261A.22 - Waiver of competitive bidding.
Section 261A.23 - Institution power — interest rates.
Section 261A.24 - Chapter as alternative method — powers not subject to supervision or regulation.
Section 261A.26 - Liberal construction of chapter.
Section 261A.27 - Exercise of powers as essential public function — exemption from taxation.
Section 261A.32 - Legislative findings.
Section 261A.33 - Purpose of subchapter.
Section 261A.34 - Definitions.
Section 261A.35 - General power of authority.
Section 261A.36 - Issuance of obligations.
Section 261A.37 - Loans authorized.
Section 261A.38 - Issuance of obligations — conditions.
Section 261A.39 - General powers — apportionment of costs.
Section 261A.40 - Joint and combination projects.
Section 261A.42 - Obligations.
Section 261A.43 - Resolution provisions.
Section 261A.44 - Obligations secured by trust agreement.
Section 261A.45 - Obligations issued to acquire federally guaranteed securities.
Section 261A.46 - Obligations not liability of state or political subdivision.
Section 261A.47 - Money received by authority.
Section 261A.48 - Powers of holders and trustees.
Section 261A.49 - Bondholders — pledge — agreement of the state.