TITLE 17. EDUCATION

CHAPTER 20. HIGHER EDUCATION ASSISTANCE

 

17:3023.9      Dissolution

 The Louisiana Student Financial Assistance Commission shall not be dissolved until all loans guaranteed have been paid by the borrower, or if in default, by the commission, and all other student-assistance-related agreements have terminated. Thereafter, upon dissolution of the Louisiana Student Financial Assistance Commission, or upon cessation of its activities, all the property and monies of such commission shall be vested in the state of Louisiana and shall be credited to the general fund of the state.

Acts 1978, No. 135, Sec. 2. Amended by Acts 1995, No. 713, Sec. 1.