Statutes > Iowa Statutes > Title 7 - Education and Cultural Affairs > Subtitle 3 - Higher Education > CHAPTER 261A - HIGHER EDUCATION LOAN AUTHORITY (PRIVATE INSTITUTIONS) > 261A.10 - ACQUISITION OF MONEYS, ENDOWMENTS, PROPERTIES, AND GUARANTEES.

261A.10 - ACQUISITION OF MONEYS, ENDOWMENTS, PROPERTIES, AND GUARANTEES.

        261A.10  ACQUISITION OF MONEYS, ENDOWMENTS,
      PROPERTIES, AND GUARANTEES.
         The authority may establish guidelines relating to the deposits of
      moneys, endowments, or properties by institutions which would provide
      prudent security for education loan funding programs, authority
      loans, education loans, or for obligations and may establish
      guidelines relating to guarantees of or contracts to purchase
      education loans or obligations by the institutions or by financial
      institutions or others.  A default reserve fund may be established
      for each series or issue of obligations.  The authority may receive
      moneys, endowments, properties, and guarantees it deems appropriate
      and, if necessary, may take title in the name of the authority or in
      the name of a participating institution or a trustee.
         Section History: Early Form
         [82 Acts, ch 1031, § 10]
         Referred to in § 261A.24