Utah Code Ann. tit. 53H, ch. 8, pt. 6 – Higher Education Loans | Midpage

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Utah Code

Part 6

Utah Code Ann. tit. 53H, ch. 8, pt. 6

Higher Education Loans

53H-8-601Definitions.53H-8-602Powers of Utah Board of Higher Education.53H-8-603Issuance of bonds -- Disposition of funds -- Refunding bonds -- Resolution to authorize bonds -- Contents -- Sale of bonds -- Bond debt service reserve funds -- Restoration of fund assets -- Establishment of other subfunds.53H-8-604Agreements with bondholders unalterable.53H-8-605Investments in bonds of the board.53H-8-606Payment of funds -- Payment on warrants -- Contracts with bondholders -- Security.53H-8-607Bonds and interest exempt from taxation except corporate franchise tax.53H-8-608Bond approval by attorney general incontestable after 30 days -- Recital of certification.53H-8-609Board pledges -- Attachment of lien -- Recording unnecessary.53H-8-610Default by board -- Appointment of a trustee -- Powers of the trustee and bondholders.53H-8-611Loans or purchase of obligations -- Rules -- Options -- Repayment of federally insured loans.53H-8-612Separation of duties, responsibilities, funds, liabilities, and expenses -- Immunity from personal liability.53H-8-613Mandamus in Supreme Court -- Precedence.