85-1762 Nebraska Student Loan Assistance Program; loans; how funded. - Nebraska Statutes

85-1762. Nebraska Student Loan Assistance Program; loans; how funded.Any loan made or caused to be made or purchased pursuant to section 85-1761 may be funded with the proceeds of bonds, notes, or other obligations of the authority issued pursuant to this section and sections 85-1738, 85-1743, 85-1760, and 85-1761. 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 deems appropriate and any other provisions, not in violation of law, as the authority deems 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 such institutions and cause loans to be made by the institutions to their qualified students, to pay financing costs, including 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 1993, LB 465, § 36; R.S.1943, (1994), § 79-2963; Laws 1995, LB 5, § 62.