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261a-23
261A.23 INSTITUTION POWER -- INTEREST RATES.
Institutions may borrow money from the authority, make education
loans and take all other actions and do things necessary or
convenient to consummate the transactions contemplated under this
chapter. It is lawful for the authority to establish, charge,
contract for, and receive any amount or rate of interest or
compensation with respect to authority loans and, subject to rules
adopted by the authority, for participating institutions to charge,
contract for, and receive any amount or rate of interest or
compensation with respect to education loans. Section History: Early Form
[82 Acts, ch 1031, § 23]
Referred to in § 261A.24
