The board of trustees is authorized to borrow funds from public or private sources under such provisions pertaining to rates of interest, repayment schedules, collateral and other requirements as may be approved by the board of trustees for the support of the guaranty student loan function of the board. The obligations so incurred by the board of trustees shall be limited to the amount of indebtedness as may be supported by revenues available from the board's guaranty student loan function and such obligations shall not constitute a debt, liability or general obligation of the state or any political subdivision thereof (other than the board of trustees), or a pledge of the faith and credit of the state or any political subdivision thereof (other than the board of trustees), but shall be payable solely as provided by the board of trustees.
Structure Mississippi Code
Chapter 145 - Mississippi Opportunity Loan Program Act
§ 37-145-5. Mississippi Opportunity Loan Program
§ 37-145-9. Administration of Fund
§ 37-145-13. Loan limits; coordination with certain other programs
§ 37-145-15. Eligibility for loans
§ 37-145-17. Disposition of repaid principal and interest
§ 37-145-19. Loans subject to availability of funds
§ 37-145-21. Authority to enter into agreements and contracts
§ 37-145-23. Authority to issue general obligation bonds
§ 37-145-25. Issuance of general obligation bonds
§ 37-145-27. General obligation bonds negotiable and tax exempt
§ 37-145-29. Sale of general obligation bonds; notice of sale
§ 37-145-31. Proceeds of sale of general obligation bonds
§ 37-145-33. Bondholder enforcement of general obligation bond rights
§ 37-145-37. General obligation bonds legal investments and securities
§ 37-145-39. No additional authority necessary for issuance of general obligation bonds
§ 37-145-43. Authority to issue student loan revenue bonds; purpose of bonds
§ 37-145-45. Student loan revenue bonds not a public obligation
§ 37-145-47. Issuance of student loan revenue bonds
§ 37-145-49. Terms and conditions related to student loan revenue bonds and their issuance
§ 37-145-51. Pledge upon student loan revenue bonds
§ 37-145-53. Purchase of student loan revenue bonds by issuing company
§ 37-145-55. Security for student loan revenue bonds
§ 37-145-57. Validity and sufficiency of signatures upon bonds
§ 37-145-59. Funds and accounts to carry out provisions relating to student loan revenue bonds
§ 37-145-63. Subsequent amendments not to limit vested rights of bondholders
§ 37-145-67. Public function; student loan revenue bond income tax exempt
§ 37-145-69. Student loan revenue bonds legal investments and securities