State Codes and Statutes
Statutes >
Iowa >
Title-7 >
Subtitle-3 >
Chapter-261a >
261a-10
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