85-1756 Nebraska Health Education Assistance Loan Program; loans; how funded. - Nebraska Statutes

85-1756. Nebraska Health Education Assistance Loan Program; loans; how funded.Any loan made, purchased, or caused to be made or purchased pursuant to section 85-1755 may be funded with the proceeds of bonds, notes, or other obligations of the authority issued pursuant to sections 85-1754 to 85-1759. The trust agreement or indenture creating such bonds, notes, or other obligations may contain any of the provisions specified in section 85-1740 as the authority shall deem appropriate and any other provisions, not in violation of law, as the authority shall deem reasonable and proper for the security of the holders of such bonds, notes, or other obligations.The proceeds of any such bonds, notes, or other obligations may be used and applied by the authority to make loans, to purchase loans, to cause loans to be made or purchased, to pay financing costs, including, but not limited to, legal, underwriting, investment banking, accounting, rating agency, printing, and other similar costs, to fund any reserve funds deemed necessary or advisable by the authority, to pay interest on such bonds, notes, or other obligations for any period deemed necessary or advisable by the authority, and to pay all other necessary and incidental costs and expenses. SourceLaws 1983, LB 159, § 9; R.S.1943, (1994), § 79-2956; Laws 1995, LB 5, § 56.