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General Laws

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Section 1Policy and purpose
Section 2Short title
Section 3Definitions
Section 4Massachusetts educational financing authority; members; terms; meetings; surety bond; conflict of interest
Section 5Purposes of authority; powers
Section 5ACollege opportunity program; bonds; issuance; redemption; tuition agreements
Section 5BPowers and duties of authority for implementation and administration of savings programs
Section 5CComprehensive state-supported supplemental education loan program; development
Section 6Payment of expenses
Section 7Guidelines for deposits of monies, endowments, etc.; default reserve fund
Section 8Conveyance of assets comprising loan funding deposits
Section 9Negotiable notes; issuance; terms or conditions
Section 10Revenue bonds, notes, or other obligations; issuance; authorization by resolution; resolution provisions; liability
Section 11Trust agreements as security for revenue bonds or notes; provisions of trust agreements
Section 12Payment of bonds or notes; liability of commonwealth
Section 13Fees; contracts; pledge of revenues; sinking fund
Section 14Monies received; trust funds
Section 14AState colleges and universities participation fund
Section 14BCollege opportunity fund; purposes; pledges
Section 15Holders of revenue bonds, notes, or other obligations, and trustees; enforcement of rights; compelling performance of duties of authority
Section 16Exercise of powers for benefit of commonwealth; tax exempt status
Section 17Refunding of outstanding revenue bonds or notes; investment and reinvestment of proceeds; additional loans
Section 18Investment of funds by authority
Section 19Bonds as investment securities
Section 20Report of authority; audit
Section 21Powers of participating higher education institutions; interest rates
Section 22Employees; social security; security interests in revenues and receipts; priority
Section 22ACivil actions; liability, losses, expenses; insurance; limitation of actions
Section 23Powers granted supplemental and additional to other laws; supervision or regulation of powers
Section 24New England Education Loan Marketing Corporation as separate entity
Section 25Construction of law
Section 26Bankruptcy of borrower
Section 26ARepealed, 1993, 495, Sec. 11
Section 27Rights and properties of Authority upon dissolution, liquidation or other termination
Section 28Severability