Section 9. The Authority may from time to time issue negotiable notes for any corporate purpose and may from time to time renew any notes by the issuance of new notes, whether the notes to be renewed have or have not matured. The Authority may issue notes partly to renew notes or to discharge other obligations then outstanding and partly for any other purpose. The notes may be authorized, sold, executed and delivered in the same manner as bonds. Any resolution or resolutions authorizing notes of the Authority or any issue thereof may contain any provisions which the Authority is authorized to include in any resolution or resolutions authorizing revenue bonds of the Authority or any issue thereof, and the Authority may include in any notes any terms, covenants or conditions which it is authorized to include in any bonds. Such resolution or resolutions may delegate to the executive director, assistant executive director, or any member of the Authority or any combination of them, the power to determine any of the details of the notes and to award such notes to a purchaser or purchasers. All such notes shall be payable solely from the revenues of the Authority, subject only to any contractual rights of the holders of any of its notes or other obligations then outstanding.
Structure 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 5 - Purposes of Authority; Powers
Section 5a - College Opportunity Program; Bonds; Issuance; Redemption; Tuition Agreements
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 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 16 - Exercise of Powers for Benefit of Commonwealth; Tax Exempt Status
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 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