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Section 1 - Policy and Purpose - Section 1. It is declared that for the benefit of...
Section 2 - Short Title - Section 2. This chapter may be referred to and cited...
Section 3 - Definitions - Section 3. As used in this chapter, the following words...
Section 4 - Massachusetts Educational Financing Authority; Members; Terms; Meetings; Surety Bond; Conflict of Interest - Section 4. (a) There is hereby established a body politic...
Section 5 - Purposes of Authority; Powers - Section 5. The purpose of the Authority shall be to...
Section 5a - College Opportunity Program; Bonds; Issuance; Redemption; Tuition Agreements - Section 5A. The Authority shall, subject to paragraph (f1/2) of...
Section 5b - Powers and Duties of Authority for Implementation and Administration of Savings Programs - Section 5B. For the purposes of implementing and administering savings...
Section 5c - Comprehensive State-Supported Supplemental Education Loan Program; Development - Section 5C. The authority is hereby authorized to develop and...
Section 6 - Payment of Expenses - Section 6. All expenses incurred in carrying out the provisions...
Section 7 - Guidelines for Deposits of Monies, Endowments, etc.; Default Reserve Fund - Section 7. The Authority is authorized and empowered to establish...
Section 8 - Conveyance of Assets Comprising Loan Funding Deposits - Section 8. When the principal of, interest on and premium,...
Section 9 - Negotiable Notes; Issuance; Terms or Conditions - Section 9. The Authority may from time to time issue...
Section 10 - Revenue Bonds, Notes, or Other Obligations; Issuance; Authorization by Resolution; Resolution Provisions; Liability - Section 10. (a) The Authority may from time to time...
Section 11 - Trust Agreements as Security for Revenue Bonds or Notes; Provisions of Trust Agreements - Section 11. In the discretion of the Authority any revenue...
Section 12 - Payment of Bonds or Notes; Liability of Commonwealth - Section 12. Revenue bonds or notes issued under the provisions...
Section 13 - Fees; Contracts; Pledge of Revenues; Sinking Fund - Section 13. The Authority shall fix, revise, charge and collect...
Section 14 - Monies Received; Trust Funds - Section 14. All monies received pursuant to the Authority of...
Section 14a - State Colleges and Universities Participation Fund - Section 14A. Notwithstanding any special or general law to the...
Section 14b - College Opportunity Fund; Purposes; Pledges - Section 14B. The Authority shall establish, in such form as...
Section 15 - Holders of Revenue Bonds, Notes, or Other Obligations, and Trustees; Enforcement of Rights; Compelling Performance of Duties of Authority - Section 15. Any holder of revenue bonds, notes, bond anticipation...
Section 16 - Exercise of Powers for Benefit of Commonwealth; Tax Exempt Status - Section 16. The exercise of the powers granted by this...
Section 17 - Refunding of Outstanding Revenue Bonds or Notes; Investment and Reinvestment of Proceeds; Additional Loans - Section 17. (a) The Authority is hereby authorized to provide...
Section 18 - Investment of Funds by Authority - Section 18. Except as otherwise provided in paragraph (c) of...
Section 19 - Bonds as Investment Securities - Section 19. Bonds issued by the Authority under the provisions...
Section 20 - Report of Authority; Audit - Section 20. The Authority shall keep an accurate account of...
Section 21 - Powers of Participating Higher Education Institutions; Interest Rates - Section 21. Notwithstanding any other provision of law, any participating...
Section 22 - Employees; Social Security; Security Interests in Revenues and Receipts; Priority - Section 22. The Authority may take such action as it...
Section 22a - Civil Actions; Liability, Losses, Expenses; Insurance; Limitation of Actions - Section 22A. The Authority shall be liable on all claims...
Section 23 - Powers Granted Supplemental and Additional to Other Laws; Supervision or Regulation of Powers - Section 23. The provisions of this chapter shall be deemed...
Section 24 - New England Education Loan Marketing Corporation as Separate Entity - Section 24. This chapter shall be independent of and in...
Section 25 - Construction of Law - Section 25. The chapter, being necessary for the welfare of...
Section 26 - Bankruptcy of Borrower - Section 26. The obligations of a borrower under the provisions...
Section 27 - Rights and Properties of Authority Upon Dissolution, Liquidation or Other Termination - Section 27. Upon dissolution, liquidation or other termination of the...
Section 28 - Severability - Section 28. The provisions of this act are severable, and...
Section 29 - Achieving a Better Life Experience Program; Able Account; Qualified Disability Expenses; Annual Report - Section 29. (a) As used in this section the following...