Massachusetts General Laws
Chapter 15c - Massachusetts College Student Loan Authority
Section 2 - Short Title

Section 2. This chapter may be referred to and cited as the ''Massachusetts Educational Financing Authority Act''.

Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title II - Executive and Administrative Officers of the Commonwealth

Chapter 15c - Massachusetts College Student Loan Authority

Section 1 - Policy and Purpose

Section 2 - Short Title

Section 3 - Definitions

Section 4 - Massachusetts Educational Financing Authority; Members; Terms; Meetings; Surety Bond; Conflict of Interest

Section 5 - Purposes of Authority; Powers

Section 5a - College Opportunity Program; Bonds; Issuance; Redemption; Tuition Agreements

Section 5b - Powers and Duties of Authority for Implementation and Administration of Savings Programs

Section 5c - Comprehensive State-Supported Supplemental Education Loan Program; Development

Section 6 - Payment of Expenses

Section 7 - Guidelines for Deposits of Monies, Endowments, etc.; Default Reserve Fund

Section 8 - Conveyance of Assets Comprising Loan Funding Deposits

Section 9 - Negotiable Notes; Issuance; Terms or Conditions

Section 10 - Revenue Bonds, Notes, or Other Obligations; Issuance; Authorization by Resolution; Resolution Provisions; Liability

Section 11 - Trust Agreements as Security for Revenue Bonds or Notes; Provisions of Trust Agreements

Section 12 - Payment of Bonds or Notes; Liability of Commonwealth

Section 13 - Fees; Contracts; Pledge of Revenues; Sinking Fund

Section 14 - Monies Received; Trust Funds

Section 14a - State Colleges and Universities Participation Fund

Section 14b - College Opportunity Fund; Purposes; Pledges

Section 15 - Holders of Revenue Bonds, Notes, or Other Obligations, and Trustees; Enforcement of Rights; Compelling Performance of Duties of Authority

Section 16 - Exercise of Powers for Benefit of Commonwealth; Tax Exempt Status

Section 17 - Refunding of Outstanding Revenue Bonds or Notes; Investment and Reinvestment of Proceeds; Additional Loans

Section 18 - Investment of Funds by Authority

Section 19 - Bonds as Investment Securities

Section 20 - Report of Authority; Audit

Section 21 - Powers of Participating Higher Education Institutions; Interest Rates

Section 22 - Employees; Social Security; Security Interests in Revenues and Receipts; Priority

Section 22a - Civil Actions; Liability, Losses, Expenses; Insurance; Limitation of Actions

Section 23 - Powers Granted Supplemental and Additional to Other Laws; Supervision or Regulation of Powers

Section 24 - New England Education Loan Marketing Corporation as Separate Entity

Section 25 - Construction of Law

Section 26 - Bankruptcy of Borrower

Section 27 - Rights and Properties of Authority Upon Dissolution, Liquidation or Other Termination

Section 28 - Severability

Section 29 - Achieving a Better Life Experience Program; Able Account; Qualified Disability Expenses; Annual Report