Notwithstanding any other provision to the contrary herein, the Authority is hereby authorized to pledge as security for any bonds issued hereunder any contract between the Authority and the United States of America under which the United States agrees to make funds available to the Authority for any of the purposes of this chapter, to insure or guarantee the payment of principal of or interest on student loans, or otherwise to aid in promoting or facilitating student loans.
HISTORY: 1962 Code Section 22-96.14; 1971 (57) 775.
Structure South Carolina Code of Laws
Chapter 115 - State Education Assistance Act
Section 59-115-10. Short title.
Section 59-115-20. Definitions.
Section 59-115-30. Function of Authority.
Section 59-115-40. State Education Assistance Authority.
Section 59-115-50. Powers of Authority.
Section 59-115-60. State Education Assistance Authority Loan Fund.
Section 59-115-70. Sinking fund; State Education Assistance Authority Loan Guarantee Reserve Fund.
Section 59-115-80. Authority empowered to issue revenue bonds.
Section 59-115-90. Bond resolution; custody of moneys received; expenses payable from loan fund.
Section 59-115-110. All money received deemed trust funds; investment of funds.
Section 59-115-120. Rights of bondholders.
Section 59-115-130. Bonds as negotiable instruments.
Section 59-115-140. Bonds as legal investments.
Section 59-115-150. Security for bonds.
Section 59-115-160. Liability of State and Authority; expenses of Authority.