173.355. Definitions.

MISSOURI STATUTES AND CODES

Definitions.

173.355. As used in sections 173.350 to 173.450*, the following termsmean:

(1) "Asset of the authority", any asset or investment of any kindowned by the authority, including, but not limited to, any student loan,any income or revenues derived from any asset or investment owned by theauthority, any funds, income, fees, revenues, proceeds of all bonds orother forms of indebtedness, and proceeds of the sale or liquidation of anysuch asset or investment;

(2) "Authority", the Missouri higher education loan authority;

(3) "Board", the Missouri coordinating board for higher education;

(4) "Bond resolution", any indenture, resolution or other financingdocument pursuant to which revenue bonds, notes or other forms ofindebtedness of the authority are issued or secured;

(5) "Commissioner", the Missouri commissioner of higher education;

(6) "Department", the Missouri department of higher education;

(7) "Public colleges and universities", any public community college,public college, or public university located in the state of Missouri;

(8) "Secondary education loans", loans or notes originated by banks,other financial institutions, secondary education institutions or theauthority, the proceeds of which are to be used to pay tuition for studentsenrolling for either junior or senior year at a secondary school which isaccredited in accordance with applicable state law. Such loans shall beavailable only to the parents or guardians of those students who undertakecourses of instruction for which postsecondary school course credit may beawarded. Loan proceeds will not be available for any secondary schoolinstruction which is sectarian in nature.