Each governing board shall prescribe the terms, conditions and limitations upon which it will acquire a contingent or direct interest in any obligation and such terms, conditions and limitations shall include, but without limiting the generality thereof, the terms for payment of principal and interest, applicable life or other insurance which may be required in connection with any such obligation and who shall pay the premiums thereon, the safekeeping of assets pledged to secure any such undertaking, and any and all matters in connection with the foregoing as will protect the assets of the governing board.
Structure West Virginia Code
Chapter 18C. Student Loans; Scholarships and State Aid
Article 2. Guaranteed Student Loan Program
§18C-2-2. "Act," "undertaking" and "obligations" Defined
§18C-2-4. Powers and Duties of Senior Administrator Regarding Loan Program
§18C-2-7. Terms of Acquisitions
§18C-2-9. Construction of Provisions of Article Relating to Loan Program