Section 14.42.100. Creation of Alaska Student Loan Corporation.

There is created the Alaska Student Loan Corporation. The corporation is a public corporation and government instrumentality within the Department of Education and Early Development but having a legal existence independent of and separate from the state. The corporation may not be terminated as long as it has bonds, notes, or other obligations outstanding. Upon termination of the corporation, its rights and property pass to the state.

Authorities

14.42.200;14.42.210;14.42.220;14.42.270;14.42.990;14.43.990;37.10.089

Notes

References

AS 14.42.200 General powers.
AS 14.42.210 Education loan fund and program administration.
AS 14.42.220 Bonds of the corporation.
AS 14.42.270 Pledge and agreement of state.
AS 14.42.990 Definitions.
AS 14.43.990 Definitions.
AS 37.10.089 Loans to the education loan fund; bond purchase agreements and letters of credit.

History

(Sec. 2 ch 92 SLA 1987)