Sec. 10a-170l. Servicing and administering of loans. - Connecticut Statutes

      Sec. 10a-170l. Servicing and administering of loans. The Board of Governors of Higher Education is authorized to contract with the Connecticut Student Loan Foundation or other public or private loan servicing agencies for servicing loans provided under sections 10a-170e to 10a-170m, inclusive. The Department of Higher Education may use not more than three per cent of the total amount of any annual bond allocation for academic scholarship loans, for administering and contracting for the servicing of loans. Such revenue shall be held in the Academic Scholarship Loan Fund established under section 10a-163a.

      (P.A. 84-513, S. 8, 10; May Sp. Sess. P.A. 86-1, S. 44, 58.)

      History: Editorial substitution of the word "of" for the word "for" was made in reference to board of governors to conform with provisions of P.A. 84-241, S. 2; May Sp. Sess. P.A. 86-1 limited the amount the department of higher education may use for loan servicing and administering and provided that such revenue be held in the academic scholarship loan fund.