Alabama Statutes

§ 16-33B-7 — Dissolution of Program; Vesting of Property

Alabama·Title 16 Education·Ch. 33B Alabama Guaranteed Student Loan Program
The loan program may not be dissolved until all guaranteed loans have been repaid by the borrowers, or if in default, by ACHE. Upon dissolution of the loan program, all the property and moneys of the program not owed to the federal government shall vest in the Education Trust Fund, or its successor fund.

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Alabama § 16-33B-7 (Dissolution of Program; Vesting of Property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Acts 1980, No. 80-733, p. 1484, §7.)

Nearby Sections

15
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