TITLE 17. EDUCATION

CHAPTER 20. HIGHER EDUCATION ASSISTANCE

 

17:3024.2      Appropriation for guaranteed student loan program

  The legislature shall annually appropriate sufficient funds to pay those eligible claims resulting from the guarantee of student loans by the Louisiana Student Financial Assistance Commission under this Chapter, but only to the extent that anticipated federal reinsurance or reimbursement payments pursuant to 20 U.S.C. Sec. 1071 et seq., and any other monies available to the Louisiana Student Financial Assistance Commission for such purpose are insufficient to pay such claims.

Added by Acts 1982, No. 529, Sec. 1, eff. July 22, 1982.