TITLE 17. EDUCATION

CHAPTER 20. HIGHER EDUCATION ASSISTANCE

 

17:3023.3      Loan of reserve funds

  A. The Louisiana Student Financial Assistance Commission is empowered to authorize the granting of guaranteed student loans made pursuant to the provisions of this Chapter out of reserve funds of said commission, and shall have the authority to sell or discount, or both, said loans to banks, credit unions and other authorized lending institutions, at such consideration and upon such terms as may be agreed upon by the commission.

Acts 1978, No. 135, Sec. 2. Amended by Acts 1980, No. 815, Sec. 4.