20-26-1106. No state obligation. The legislature is not obligated to appropriate any money to pay for student loan defaults. For the purpose of the student loan program, neither the board nor the agency may obligate the credit of the state.
History: En. Sec. 8, Ch. 691, L. 1979; amd. Sec. 13, Ch. 243, L. 1997.
Structure Montana Code Annotated
Chapter 26. Student Financial Assistance
Part 11. Guaranteed Student Loan Program
20-26-1102. Authorization to establish student loan program
20-26-1105. Student loan account
20-26-1106. No state obligation
20-26-1107. Dissolution -- disposition of money
20-26-1108. through 20-26-1110 reserved
20-26-1111. Access to governmental records