RCW 28B.07.300 Student loan financing—Authority—Liability. (1) In addition to its existing powers, the authority has the following powers with respect to student loan financing: (a) To originate and purchase educational loans; (b) To issue revenue bonds payable from and secured by educational loans; (c) To execute financing documents in connection with such educational loans and […]
RCW 28B.07.310 Administration of alternative state educational loans. The authority, in addition to administering federal loan programs, may administer an alternative state educational loan program that may include the purchase or origination of alternative state educational loans with terms as determined by the authority. These loans are not guaranteed by the state and the proceeds […]
RCW 28B.07.320 Revenue bonds—Issuance—Payment—Personal liability. (1) The authority may, from time to time, issue revenue bonds in order to carry out the purposes of this chapter. (2) The bonds shall be issued pursuant to a bond resolution or trust indenture and shall be payable solely out of the special fund or funds created by the […]
RCW 28B.07.330 Revenue refunding bonds. Bonds may be issued by the authority to refund other outstanding bonds issued pursuant to this chapter, at or prior to the maturity thereof, and to pay any redemption premium with respect thereto. Bonds issued for such refunding purposes may be combined with bonds issued for the origination or purchase […]
RCW 28B.07.340 Trust funds—Trust agreements. All moneys received by or on behalf of the authority under this chapter, whether as proceeds from the sale of bonds or from other sources shall be deemed to be trust funds to be held and applied solely as provided in this chapter. The authority, in lieu of receiving and […]
RCW 28B.07.350 Proceeds fund. (1) All proceeds derived from a particular bond under the provisions of this chapter shall be deposited in a fund to be known as the proceeds fund, which shall be maintained in such bank or banks as shall be determined by the authority. Proceeds deposited in the fund shall be expended […]
RCW 28B.07.360 Default. The proceedings authorizing any revenue obligations under this chapter or any financing document securing the revenue bonds may provide that if there is a default in the payment of the principal of or the interest on the bonds or in the performance of any agreement contained in the proceedings or financing document, […]
RCW 28B.07.370 Debt limitation. Bonds issued by the authority under this chapter shall not be subject to the debt limitation set forth in RCW 28B.07.050(9). [ 2007 c 36 § 11.] NOTES: Policy—Purpose—2007 c 36: See note following RCW 28B.07.300.
RCW 28B.07.380 Sale of assets. The authority is authorized to offer for sale from time to time loan portfolios or other assets accumulated by the authority. Sales shall be conducted in a competitive manner and shall be approved by the authority board. [ 2007 c 36 § 12.] NOTES: Policy—Purpose—2007 c 36: See note following […]
