§ 9210. Fees for services; pledge of revenues as security.
§ 9210. Fees for services; pledge of revenues as security. (a) (1) The Authority shall fix, revise, charge and collect fees and charges for its services and operations and may contract with any person in connection therewith without supervision or regulation by any unit of state government. (2) Any agreement entered into by the Authority […]
§ 9211. Enforcement of rights and duties by bondholder.
§ 9211. Enforcement of rights and duties by bondholder. Except to the extent that their rights are restricted by any applicable bond resolution or trust agreement, any holder of bonds issued under this chapter or a trustee under a trust agreement entered into under this chapter may, by any suitable form of legal proceedings, protect […]
§ 9201. Legislative findings; declaration of purpose; construction of chapter.
§ 9201. Legislative findings; declaration of purpose; construction of chapter. (a) The General Assembly makes the following findings: (1) For the benefit of the people of the State, the conduct and increase of their commerce, the protection and enhancement of their welfare, the development of continued prosperity and the improvement of their health and living […]
§ 9202. Definitions.
§ 9202. Definitions. Unless the context clearly requires otherwise, in this chapter the following words have the meanings indicated: (1) “Authority” means the Delaware Higher Education Supplemental Loan Authority. (2) “Authority loans” means loans by the Authority to institutions of higher education for the purpose of funding education loans. (3) “Bond resolution” means the resolution […]
§ 9203. Established; composition; term of office; vacancies; officers; compensation.
§ 9203. Established; composition; term of office; vacancies; officers; compensation. (a) There is hereby established the Delaware Higher Education Supplemental Loan Authority. The Authority is constituted a public instrumentality and the exercise by the Authority of the powers conferred by this chapter is the performance of an essential public function. The Authority shall consist of […]
§ 9204. Executive Director; General Counsel; quorum; power to issue bonds.
§ 9204. Executive Director; General Counsel; quorum; power to issue bonds. (a) (1) The Authority may appoint an Executive Director and a General Counsel, and any other officers, none of whom may be members of the Authority. (2) The Executive Director shall: a. Serve at the pleasure of the Authority; and b. Receive compensation as […]
§ 9205. Powers and duties.
§ 9205. Powers and duties. (a) (1) In addition to any other powers granted or duties imposed upon it, the Authority has the powers and duties set forth in this section. (2) The Authority shall adopt any rule or regulation necessary to carry out its powers and duties. (b) The Authority may: (1) Adopt an […]
§ 9206. Use of refunding bond proceeds.
§ 9206. Use of refunding bond proceeds. (a) Whenever refunding bonds are issued to refund bonds, the proceeds of which were used to make Authority loans, the Authority may reduce the amount it is owed by the institutions which had received Authority loans from the proceeds of the refunded bonds. (b) The institutions may use […]
§ 9207. Loan funding deposits.
§ 9207. Loan funding deposits. (a) (1) The Authority shall establish guidelines relating to: a. The deposits of certain moneys, endowments or properties by institutions so as to provide reasonable security for education loan funding programs, Authority loans, education loans or for bonds; and b. Guarantees of or contracts to purchase education loans or bonds […]