Indiana § 21-16-4-9 Administration of loan program

Indiana Statutes

§ 21-16-4-9 — Administration of loan program

Indiana·Title 21 HIGHER EDUCATION·Art. 16 EARN INDIANA PROGRAM; STUDENT LOANS;·Ch. 4 Guaranteed Student Loan Program

The commission may take, hold, and
administer, on behalf of the loan program and for purposes of this
chapter, property, money, and the interest and income derived from
them either absolutely or in trust. The commission may accept gifts,
grants, bequests, devises, and loans for the purposes of this chapter. An
obligation of the loan program for losses on student loans resulting
from death, default, bankruptcy, or total or permanent disability of
borrowers is not a debt of the state, but is payable solely from the fund.
[Pre-2007 Higher Education Recodification Citation:
20-12-21.1-2(12).]

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The commission may take, hold, and
administer, on behalf of the loan program and for purposes of this
chapter, property, money, and the interest and income derived from
them either absolutely or in trust. The commission may accept gifts,
grants, bequests, devises, and loans for the purposes of this chapter. An
obligation of the loan program for losses on student loans resulting
from death, default, bankruptcy, or total or permanent disability of
borrowers is not a debt of the state, but is payable solely from the fund.
[Pre-2007 Higher Education Recodification Citation:
20-12-21.1-2(12).]

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