§11455. Termination of existence of authority
No law terminating the Student Financial Aid Supplemental Loan Program may take effect as long as any bonds of the program are outstanding and unpaid without adequate provision for payment having been made. [PL 1991, c. 6033, §6 (NEW).]
SECTION HISTORY
PL 1991, c. 603, §6 (NEW).
Structure Maine Revised Statutes
Part 5: POST-SECONDARY EDUCATION
Chapter 417-B: SUPPLEMENTAL LOAN PROGRAM
20-A §11441. Program established
20-A §11443. Supplemental loans
20-A §11444. Records confidential
20-A §11447. Loan transactions
20-A §11448. Trust agreement; pledge
20-A §11449. Capital reserve funds; obligation of the State
20-A §11450. Enforcement of rights and duties
20-A §11451. Bonds as legal investments
20-A §11452. Chapter additional and supplemental
20-A §11453. Taxable bond option
20-A §11454. Agreement of the State
20-A §11455. Termination of existence of authority